Approved by the State Council, the People’s Bank of China (PBC) provides additional RMB100 billion quota of special central bank lending for the clean and efficient use of coal, with a dedicated purpose of supporting coal development and use, and enhancing the coal reserve capacity. The additional quota will be used to support the safe production and reserves of coal, and ensure the supply of electricity coal for coal-fired power companies. With the increase, the total quota of the special central bank lending for the clean and efficient use of coal reaches RMB300 billion, which helps release the advanced production capacity of coal, secure safe and stable energy supply, and support China’s economy to perform within a reasonable range.
Date of last update
Nov. 29 2018
