Energy Insider: China Backs Share Sales by NEV Companies

In today’s Caixin energy news wrap: China’s imported potash prices surge 139% amid tight supply; China to build world’s largest LNG storage tanks; Beijing encourages residents to use public charging for electric bikes.

China backs share sales by NEV companies

The China Securities Regulatory Commission (CSRC) said it will join the central bank in leveraging more capital to promote the new-energy vehicle (NEV) industry. The regulators said they will encourage financial institutions to lend more support to NEV makers and support share sales and financing of eligible NEV enterprises.