Huangpu launches 1st batch of emissions linked loans in province

Guangdong's first batch of loans linked with emissions was launched at China-Singapore Guangzhou Knowledge City in Guangzhou's Huangpu district on March 31, while an environment and resources financial service center  was also established.

The service center, jointly established by Guangzhou Development District, Guangdong Environment Exchange Co Ltd, and other financial institutions, will carry out green financial business integrating environmental rights and financial innovations, offering comprehensive service for green industrial development in Huangpu. 

It is also expected that the center will push forward the innovation of the financial system in the Guangdong-Hong Kong-Macao Greater Bay Area and beef up financial infrastructure construction.

Guangdong Environment Exchange Co Ltd has signed strategic credit cooperation agreements of 10 billion yuan ($1.41 billion) with the Guangzhou branch of China Construction Bank and the Guangzhou branch of Industrial and Commercial Bank of China separately, offering 20 billion yuan in financial support to local companies that carry out pollutant discharge, energy conservation, and environmental protection.

The move will encourage more enterprises to participate in the emissions trade market, stimulate the market's vitality, boost the efficient integration between industries and capital, as well as continuously optimize the allocation of environmental resources.

More green credit services will be launched in Huangpu to attract more domestic capital, as well as overseas investors to invest in energy conservation and emissions reduction, bringing more development opportunities to the district.

Guangdong's first batch of loans linked with emissions is launched at China-Singapore Guangzhou Knowledge City in Guangzhou's Huangpu district on March 31. [Photo by Li Jianfeng]

Share - WeChat