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Saturday, August 01, 2020, 17:08
China's green loans see rapid growth in H1
By Xinhua
Saturday, August 01, 2020, 17:08 By Xinhua

BEIJING - China has seen a rapid increase in loans extended to clean energy, environmental protection and other green sectors in the first half of this year (H1) as the country puts more emphasis on green development, central bank data showed.

READ MORE: China ups the stakes in green bond push

Outstanding loans for green infrastructure projects totaled 5.28 trillion yuan by the end of June, up 11.1 percent from the beginning of the year

Outstanding green loans in yuan and foreign currencies reached 11.01 trillion yuan (about US$1.58 trillion) by the end of H1, up 10.8 percent from the beginning of the year, according to the People's Bank of China.

Outstanding loans for green infrastructure projects totaled 5.28 trillion yuan by the end of June, up 11.1 percent from the beginning of the year, data showed.

Green loans refer to loans issued to institutions or individuals for energy conservation, clean energy and environmental protection, among other fields.

ALSO READ: China banks report steady growth in green credit


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