China encourages banks to extend more financial support to sectors including steel
27 Feb 2025, 06:19 pm
BEIJING (Feb 27): China's financial regulator encouraged banks and insurers to enhance medium- to long-term lending support for technology innovation and equipment upgrades in sectors including steel, non-ferrous metals and petrochemicals.
Banks and insurers should focus on the green transition in traditional industry to meet financing needs for the low-carbon transformation of high-energy-consuming and high-emission industries, it added in a statement.
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