Bank loans help fund green energy - ResearchInChina

Date:2008-02-27liaoyan  Text Size:

China's top five banks offered loans of more than 100 billion yuan (US$14.08 billion) last year to support companies' environmental plans, the top banking regulator said yesterday.

China Banking Regulatory Commission also said that some 30 energy-intensive, high-polluting enterprises were denied credit from the top five banks last year after they were blacklisted by environmental authorities. The CBRC said that 106.3 billion yuan in loans were extended by the major commercial banks — including Industrial and Commercial Bank of China, Bank of China and China Construction Bank — to help enterprises cut emissions and save energy.

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