BEIJING, July 7 (Xinhua) -- HSBC Bank (China) Company Limited announced Wednesday the launch of green personal mortgage business in the Chinese mainland market, reported Chinanews.com.
The new business launched by HSBC China this time mainly targets housing projects with one- or two-star China Green Building logo, and individual buyers of these projects can receive green credit support from HSBC China.
The supporting policies include an additional 0.1 percent discount on local and foreign currency interest rates based on the bank's current mortgage pricing, and an increase of up to 0.2 percent in the loan-to-value ratio on the bank's current basis, with a corresponding increase of up to 200,000 yuan in the total loan.
Shortly before this, Standard Chartered Bank (China) Limited also officially launched the sustainable development certificates of deposit (CD) for individual customers, which helps individual customers to invest in related sustainable development projects.
In 2022, Chinese government authorities released a plan to promote green consumption, calling for promotion of green housing consumption, acceleration of green construction, and large-scale development of green buildings and low-carbon buildings.
Currently, green finance is not inclusive enough during the practice in China. In the future, green finance and inclusive finance should be better integrated to realize the synergy to promote the development of the real economy, said Wang Yao, director of the International Institute of Green Finance (IIGF) of the Central University of Finance and Economics (CUFE).
(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)
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