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PBOC to Promote Carbon Trading Market: Governor

CHINA PRESS
MNI (Sydney)

The People's Bank of China will promote China's national carbon emission trading market this year and develop carbon futures and derivatives, PBOC Deputy Governor Chen Yulu said in an interview with the Financial News. China had about CNY12 trillion in green loans outstanding at the end of 2020, ranking it second in the world, Chen said. The PBOC will encourage financial institutions to boost green assets by assessment and discounted rate rewards, he said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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