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China Development Bank issues over 100b yuan in special loans for energy supply

Xinhua | Updated: 2023-11-26 07:05
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The China Development Bank booth at a fair in Beijing on Sept 6, 2021. [Photo/VCG]

BEIJING - China Development Bank, one of the country's policy banks, has issued more than 100 billion yuan ($14 billion) of special loans to support energy supply since the beginning of this year.

The banks said the loans targeted supporting main coal-producing areas and key coal enterprises to increase the supply of thermal coal, as well as helping disaster-stricken areas and key power enterprises to reserve thermal coal.

The funds are expected to ensure the heating and energy supply this winter and next spring, the bank said.

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