Industrial Bank launches Water Saving Loan to help Yangtze River Protection

Recently, Industrial Bank established a Water Saving Loan with Department of Finance and Department of Water Conservancy in Jiangsu.

Recently, Industrial Bank established a Water Saving Loan with Department of Finance and Department of Water Conservancy in Jiangsu.

In this way, a special loan of 1 billion yuan was set up to protect the production and operation of water-saving enterprises and to support the green development of the Yangtze River Economic Zone.

According to reports, Industrial Bank provides preferential treatment for qualified enterprises in terms of pledge rate, approval channels, financing costs, etc., and opens financing channels for enterprises to carry out projects such as water-saving technology, water supply network, and unconventional water utilization. .

So far, Industrial Bank has established cooperative relations with 121 water-saving enterprises in Jiangsu, and the total balance of various financing businesses exceeds 4.1 billion yuan.

Currently, Industrial Bank uses energy-saving emission reduction project financing, green bonds, and green asset securitization and other channels to support the implementation of many key projects in Jiangsu Province.

The projects cover a total of 107.3 billion yuan invested in the protection of the Yangtze River, including water source protection, water environment restoration, sewage treatment, and river quality improvement.

Industrial Bank launched the first comprehensive solution for water resource utilization and protection in China in 2013. In the bank’s trillion-dollar green financing balance, water resources utilization and protection accounted for more than one-third.

As of the end of May, the bank had accumulatively invested 1.17 trillion yuan in green financing in provinces and cities along the Yangtze River Economic Zone, with a balance of 525.9 billion yuan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/11/industrial-bank-launches-water-saving-loan-to-help-yangtze-river-protection/.

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