BEIJING, April 10 (Xinhua) -- Bank of China (BOC), one of China's four biggest lenders, cranked up in recent years its efforts to support green industry and will continue to advance its green finance strategy in the future.
BOC vowed to improve step by step its green credit proportion and accelerate green finance products innovation to finance the economic structural reform and green development of real economy in China.
By taking advantage of its global networks, BOC has rolled out green covered bond and sustainability bond to expand financing channels for green industry. It issued in total green bonds equivalent to 6.4 billion U.S. dollars in offshore market.
BOC also increased its financial supports to domestic ecological protection programs such as lake wetland protection, watershed management, and ecological restoration projects in a bid to foster ecology improvement.
According to BOC's 2018 guidelines for industrial credit flows, BOC upped credit supports to green sectors including pollutant treatment, clean energy, green transportation, water supply and conservation and banned new credit lines to programs failing to pass environment impact assessment to assist the country’s ecological civilization construction. (Edited by Duan Jing, duanjing@xinhua.org)
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