Chongqing will restrict loans for non-compliance p

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Chongqing will restrict loans for non-standard emission projects

Chongqing will restrict loans for non-standard emission projects

May 2, 2017

[China paint information] the Chongqing Department of business management of the people's Bank of China recently issued the 2017 Chongqing credit investment guidance, emphasizing the strengthening of the coordination and cooperation between credit policies and industrial policies, fiscal policies, social policies and regional policies, Help supply side structural reform and the steady and healthy economic and social development of the city. We should encourage the development of green finance and support the expansion of green consumption and the construction of environmental protection infrastructure. In the first half of this year, Asian ethylene supply will be relatively tight and loans will be issued cautiously for enterprises that may have potential safety hazards such as environmental pollution. Enterprises that fail to meet environmental protection standards and have no hope of rectification and backward production capacity will resolutely reduce and withdraw relevant loans

increase financial support for ecological and environmental protection industries and other fields

according to the relevant personnel of the Chongqing Business Management Department of the people's Bank of China, this year Chongqing will improve the green financial system, improve the credit management system for green enterprises and projects, increase financial support for the development of resource-saving technologies, ecological and environmental protection industries, the development and utilization of clean and renewable energy, green transportation and other fields, and expand energy efficiency credit Contract energy management will provide green credit such as pledge loan of future income right, mortgage loan of emission right and mortgage loan of carbon emission right. Expand the sources of green credit funds through the issuance of green financial bonds and the securitization of green credit assets

at the same time, Chongqing encourages commercial banks to develop financial services and products for new urbanization, and on the premise of complying with national policies, increase financial support and services for urban infrastructure construction, public transport network construction, underground pipe reconstruction, urban communication network construction, landscaping, domestic garbage and sewage treatment, air purification and other projects. Vigorously develop consumer finance, focus on supporting the growth of green consumption and other ten consumption expansion actions of the city in 2016

shoes and insoles are washable

strictly restrict the issuance of loans for projects such as energy consumption and emissions that do not meet standards

for specific industries and enterprises, the Chongqing Business Management Department of the people's Bank of China said that the financial sector will strengthen communication with environmental protection, safety supervision and other departments, strengthen the review of enterprise environmental behavior information in the loan review process, and for enterprises that may have potential safety hazards such as environmental pollution, Effectively strengthen pre loan investigation and post loan management, and prudently issue loans; For enterprises and projects that do not conform to the industrial layout plan for the development of the five functional areas, loans should be issued cautiously

in addition, in order to promote the supply side structural reform, Chongqing's financial sector will resolutely reduce and withdraw relevant loans from "zombie enterprises" that can meet the requirements of highly smooth, transparent and high-precision medical blood test tubes, backward production capacity, unsafe production capacity, non-compliance with industrial policies and production capacity, and hopeless turnaround; Loans will be strictly restricted for projects with backward process equipment, unqualified product quality, and substandard energy consumption and emissions

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