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China Tells Banks to Help Ensure Power Supply: Journal

CHINA PRESS
MNI (Singapore)

China's banks and financial institutions shall try to meet the reasonable financing needs of coal, steel, non-ferrous metals companies, boost supports for major coal-producing areas and key coal producers to increase the supply of electricity and coal through the winter, the China Securities Journal said citing the China Banking and Insurance Regulatory Commission. The banking regulator urged insitutions to keep the normal order of the coal power industry and the commodities markets, as well as to strictly prevent misuing bancasurance funds to hoard and drive up prices, the jouirnal reported.

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