Agricultural Bank of China receives first funding through carbon reduction tool


Source: memesita.com memesita.com

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Xinhua 2022:01:20.08:21 BEIJING, Jan. 19 (Xinhua) — The Agricultural Bank of China, one of the country’s largest commercial lenders, has received nearly 11.37 billion yuan (1.79 billion U.S. dollars) in funds from the People’s Bank of China, the country’s central bank. , through a carbon reduction support tool. The tool was launched last November by the issuing bank to provide low-cost loans to financial entities and guide them to finance projects of companies relevant to carbon reduction. The funds that the agricultural bank has received are part of the first batch of loans, worth 85.5 billion yuan, that the central...