Fudian Bank issues 3.242 billion yuan in green bonds in 2019

By the end of August this year, Fudian Bank had issued a total of 3.242 billion yuan in green bonds, supporting the transformation and development of Yunnan’s green industry.
On August 28, 2018, Fudian Bank issued 3.5 billion yuan of green bonds in the interbank market.

By the end of August this year, Fudian Bank had issued a total of 3.242 billion yuan in green bonds, supporting the transformation and development of Yunnan’s green industry.

On August 28, 2018, Fudian Bank issued 3.5 billion yuan of green bonds in the interbank market.

Fudian Bank used the funds to support energy conservation and environmental protection, pollution prevention and control, clean transportation, resources conservation and recycling-related projects in the province, with a total investment of 3.242 billion yuan by the end of August, with a capital utilization rate of 93%.

In accordance with the plan of the Yunnan provincial party committee and provincial government to create “three world-class green name cards”, Fudian Bank has listed green finance as its important development strategy.

In accordance with the Green Credit Guidelines issued by CBRC, Fudian Bank will increase its support for green economy, low-carbon economy and circular economy, and strictly prohibit the investment of credit funds to enterprises and projects that destroy or pollute the environment.

Fudian Bank strongly supports the strategy of green food and rural revitalization and the integrated development of modern agriculture with Yunnan’s plateau characteristics

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/fudian-bank-issues-3-242-billion-yuan-in-green-bonds-in-2019/.

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