The China Development Bank, one of the country's leading policy banks, has significantly ramped up its financial support for green and low-carbon industries. In the first five months of the year alone, the bank issued over 200 billion yuan (approximately $28 billion) in green loans, outpacing the growth rate of all other loan types within its portfolio.
Additionally, the bank announced that its cumulative issuance of carbon-reduction loans through its dedicated credit facility has surpassed 110 billion yuan. This strategic move underscores the bank's commitment to enriching green financial products and actively supporting key sectors such as energy conservation, pollution control, carbon reduction, greening, and disaster prevention.
The China Development Bank aims to facilitate a comprehensive green transformation of economic and social development. Looking forward, the bank plans to enhance the quality and efficiency of its green financial services while expanding support for critical sectors including energy, water resources, transportation, and urban-rural construction.
This initiative aligns with China's ambitious dual carbon goals: reaching peak carbon emissions before 2030 and achieving carbon neutrality by 2060.
Reference(s):
cgtn.com
