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Asia-Pacific

PBOC Plans to Fund China Energy Transition

Central bank aims to provide financial support for renewable energy sources.

The People's Bank of China (PBOC) has committed to further intensify its support for carbon transformation initiatives. In November last year, the central bank established a CNY 200 billion (US$31.4 billion) special loan facility to provide low-cost funding to financial institutions that lend to businesses in key areas of carbon emission…

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