China's Policy Bank Provides USD29.8 Bln in Green Loans in Q1
Xinhua
DATE:  May 02 2022
/ SOURCE:  Xinhua
China's Policy Bank Provides USD29.8 Bln in Green Loans in Q1 China's Policy Bank Provides USD29.8 Bln in Green Loans in Q1

(Yicai Global) May 2 -- The China Development Bank, one of the country's policy banks, has provided CNY197.3 billion (USD 29.8 billion) in green loans in the first quarter of the year.

The bank has continued to boost its financial support for projects such as clean energy, green construction, green transportation, environmental infrastructure construction and pollution prevention, the bank said.

In the energy sector, the bank provided CNY109 billion of loans, focusing on clean energy such as nuclear power, wind power and photovoltaic power generation, as well as the clean and low-carbon transformation of traditional energy.

The bank has also provided CNY16.1 billion of loans to support infrastructure development for garbage and sewage treatment.

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Keywords:   Green Loans,China