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China's central bank supports green projects

ArgusFX

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China's central bank will likely provide loans at a low cost for supporting, financing, environmental projects, the official Securities Times reported today.

China's central bank to assist with low-cost loans

The nation's bank may consider using the PSL, a re-lending tool, to support the green projects, the chief economist Ma Jun highlighted.

The scheme was designed and structured to assist the banks in offering low-cost loans to specific industries or sectors.

The central bank will be offering policy support, as well as interest subsidies and re-lending for green projects.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-s-central-bank-supports-green-projects
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