China Adds CNY200 Bln Relending Tool to Support Green Coal: Times

China's move on Wednesday to set up a CNY200 billion special relending facility to support the clean and efficient use of coal will add to in total CNY2 trillion of capital support from commercial banks toward clean energy projects, the Global Times reported citing experts. The relending facility, in addition to previous financial lending tools to support carbon emissions cuts, will focus on supporting clean coal, including green and smart exploitation as well as efficient usage, the newspaper said citing the State Council executive meeting chaired by Premier Li Keqiang. National banks will issue preferential loans to such projects, while the central bank will provide relending based on the size of the principal, the newspaper said.