China Green Bulletin: PBOC Extends Green Lending Tools, Beijing Considers Solar Tech Export Ban
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China PBOC extends monetary policy tools for green sector
The People’s Bank of China (PBOC) announced that it will keep in place three lending tools designed to spur economic growth while increasing support for the green transition. The central bank will roll over a lending tool for supporting carbon emission reduction to the end of 2024 and include more foreign-funded financial institutions in the scope, according to the announcement. Also, the relending tool for promoting the clean use of coal will be extended to the end of 2023, and the relending project for the transport and logistics sector will remain until the end of June.
Caixin Insight, the research arm of Caixin Global, is a strategic advisory helping clients assess policy risk and macroeconomics in China.
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