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Banks raise 30 billion yuan for clean projects in China's first green bond auctions
2016-01-29 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Carbon Pulse: Shanghai Pudong Development Bank and China Industrial Bank this week raised 30 billion yuan ($4.56 billion) in funding for environmental projects, including efforts to cut carbon emissions, as they held their first green bond auctions. The two banks were last week picked by the Chinese government as the first two financial institutions to be awarded quotas for fundraising through green bonds, each allowed to raise 50 billion yuan over three years. Both held over-subscribed auctions this week, achieving...
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Category:Electronics and Electrical