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Saturday, November 2, 2024

Home Business China strengthens financial support for coal, electricity production

China strengthens financial support for coal, electricity production

by News desk
October 6, 2021
in Business

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Beijing

China’s top banking and insurance regulator has released a circular on strengthening financial support for coal and electricity production and maintaining order in the commodity market.

The circular, released by the China Banking and Insurance Regulatory Commission, urges efforts to satisfy reasonable financing needs of power, coal, steel and non-ferrous metal producers to ensure supplies and stabilize prices. It urges banks and insurance institutions to offer sound financial services to secure energy.— Xinhua