Top Biz News
ICBC to adjust lending to promote eco-friendly economic growth
(Xinhua)
Updated: 2010-02-09 10:15
 |
Large Medium Small |
BEIJING: China's largest bank, Industrial and Commercial Bank of China (ICBC), said Monday it would tailor its lending to promote more environmentally friendly economic growth.
| ||||
ICBC will boost lending to emerging strategic industries and the modern services sector, as well as to the recycling and low-carbon industries, according to a statement made at the bank's 2010 work conference.
The Beijing-based lender will also increase financing support for small enterprises and help boost domestic consumption.
The bank also said it would strictly control lending to high-pollution and energy-intensive projects and shut the door on lending to projects and enterprises in violation of national environmental protection standards.
