More funds to be available for green projects

The China Banking Regulatory Commission issued a guideline on Monday to encourage greater allocation of bank loans to companies and industries involving in environmental protection, and energy-efficiency projects.

Ye Yanfei, an official at the CBRC, said that future projects that maximize and improve the utilization of energy and resources would be favored, as the country continues its war against serious pollution and environmental problems.

Ye said the regulator was also considering the launch of a "green" interbank bond, and asset-backed securities based on loans to green projects, to expand the amount of funding available to the sector.