ZCZC
BCN-20
CHINA-GREEN-FINANCE-GROWTH
China’s green loans post steady growth in Q1
BEIJING, April 28, 2019 (BSS/Xinhua) – China’s green finance saw steady
growth in the first quarter, a central bank report said.
Outstanding green loans in yuan and foreign currencies reached 9.23
trillion yuan (1.37 trillion U.S. dollars) by March, up 4.3 percent from the
beginning of the year and accounting for 9.9 percent of the total, according
to the People’s Bank of China (PBOC).
Specifically, the loan balances for green transport projects and renewable
and clean energy projects came in at 4.1 trillion and 2.28 trillion yuan, up
4.8 percent and 1.7 percent respectively from the beginning of this year.
Green financing has maintained rapid growth as banks are encouraged to
lend more support to the real economy.
In 2018, outstanding green loans reached 8.23 trillion yuan, up 16 percent
year on year, 6.1 percentage points faster than the overall loan growth for
non-financial enterprises and other organizations.
BSS/XINHUA/HR/1450