Central Bank increases 100 billion yuan of special refinancing line to support clean and efficient utilization of coal
2022-05-06 15:17:56 [Print]
On May 4, the website of the People's Bank of China (PBOC) announced that with the approval of the State Council, PBOC increased the special refinancing line of 100 billion yuan (14
. 98 billion US dollars) to support the clean and efficient utilization of coal, which is specially used to support the development and use of coal and enhance the capacity of coal reserves . The new quota will support coal safety production and reserves and the supply of thermal coal of enterprises using coal power . After the increase of 100 billion yuan(14 . 98 billion US dollars), the total amount of special refinancing to support the clean and efficient utilization of coal reached 300 billion yuan (44 . 94 billion US dollars), which will help further release the advanced coal production capacity, ensure the safe and stable supply of energy, and support the economy to operate within a reasonable range.