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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
February 18 /Xinhua/ — China will see a significant increase in green loan volumes in 2025, channeling more financial resources into low-carbon industries and providing strong support for accelerating the green and low-carbon transformation of the economy and society, the People's Bank of China (PBOC) said.
According to a report released by the People's Bank of China, the country's outstanding green loans in renminbi and foreign currencies stood at 44.8 trillion yuan (about $6.46 trillion) at the end of last year, up 20.2 percent year-on-year.
During the 14th Five-Year Plan (2021-2025), the average annual growth rate of green loans was 30.2 percent, 21.1 percentage points higher than the total loan volume. At the same time, the balance of green loans in total outstanding loans increased from 6.7 percent to 16.2 percent.
According to the report, the total volume of green bond issuance during the period reached 5.2 trillion yuan, with the outstanding balance amounting to 2.4 trillion yuan. This makes China one of the world's largest green bond markets.
In the future, the PBOC will expand support to cover more areas where carbon emissions can be reduced, help unlock the value of resources and environmental assets, and support financial institutions in participating in the development of the carbon market in an orderly manner, the report said. -0-
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