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Green-credit guideline for banks issued

Updated: 2012-02-25 08:30
By Wang Xiaotian ( China Daily)

BEIJING - The Chinese government introduced a "green credit" guideline for commercial lenders on Friday to facilitate economic restructuring in a manner that's environmentally friendly and saves energy.

The China Banking Regulatory Commission, the top banking regulator, ordered lenders to cut loans to industries with high-energy consumption and high levels of pollution or excessive capacity, and to strengthen financial support for green industries and projects.

The CBRC encouraged banks to evaluate, classify and rate the environmental and social risks inherent in their clients' businesses and take the results as a key reference in their ratings and access to credit.

Green-credit guideline for banks issued