BEIJING, Nov. 8 (Xinhua) -- The Industrial Bank Co., Ltd., a Chinese lender, has so far issued a total of 130 billion yuan (about 19.61 billion U.S. dollars) in green finance bond to boost the green transformation of the country's economy.
The lender has begun the issuance of green finance bond since 2016, aiming to fund projects focusing on environmental protection, energy conservation and clean energy development.
The move came amid China's push for green finance development to support its industrial upgrading and green transformation in recent years.
China announced a plan in 2016 to establish a national green finance mechanism, becoming the first country in the world to adopt such a measure. Enditem
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