Posted on 28 Feb 2025
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.
Source:The Edge
