Green instruments added as collateral for lending facilities – PBoC governor
China’s central bank will launch tools to encourage emission reductions
The People’s Bank of China will include green bonds and green credit as eligible collateral for its lending facilities, according to governor Yi Gang.
Speaking at the Boao Forum on April 20, the governor announced a series of measures aimed at helping the financial industry move towards a carbon-neutral economy.
In addition to broadening what the central bank will accept as collateral, Yi said the PBoC would also create tools to “encourage financial institutions to finance emissions reductions
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