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By Archie Zhang
BEIJING (MNI) - China issued over CNY280 billion green bonds in 2018,
adding total outstanding to CNY600 billion, according to a report published by
the People's Bank China (PBOC) on Tuesday.
In the China Green Finance Development Report (2018), the PBOC said that
the so-called green credit and loans, or lending for projects deemed
environmentally responsible, rose 16% y/y to CNY8.23 trillion.
China will encourage and regulate green finance through innovative
policies, including downgrading the risks carried by green assets, according to
PBOC also urged building domestically unified and enforceable green finance
standards to promote the healthy development throughout the country. It has
included eligible green loans and green bonds as qualified collaterals for
central bank's operations, according to the report.
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