Industrial Bank Lends Vigorous Support for Inner Mongolia to Build the Ecological Barrier in North China with Customized Green Finance Solutions
On December 6, the development objective of “building a national output base for clean energy and an ecological security barrier in North China in the “8337” development idea of Inner Mongolia Autonomous Region received the powerful boost of Industrial Bank (IB) with green financing of RMB 20 billion.
At the “Beautiful China Tour • Beautiful Prairie – Inner Mongolia Government-Banking-Enterprise Conference on Green Finance” held on that day, IB indicated that it would, during the “12 th Five-year Planning” period, offer special green financing of RMB 20 billion to the energy-conserving and environmental protection industry of the region. In addition, the bank would, based on the economic and ecological features of different regions and cities across the region, design individualized financial service solutions conforming to local conditions, and build a green channel for green finance related businesses, giving priority in the aspects including examination and approval of credit extension for relevant projects and special loan scale.
At the conference, IB Huhhot Branch presented licenses for the energy conservation and emission reduction projects certified by the Head Office, and signed the banking-enterprise strategic cooperation agreement with more than 10 leading enterprises in the area of energy conservation and emission reduction including Inner Mongolia Power (Group) Co., Ltd., China Coal Eerduosi Energy Chemical Co., Ltd., and Huadian Inner Mongolia Energy Co., Ltd. Under the agreement, IB would provide them with integrated financial services such as green channel for credit extension, preferential conditions for deposits, assets and notes, and customized cash management service, work jointly create a banking-enterprise cooperation platform for environmental protection, and devote itself to pushing ahead the energy conservation and emission reduction cause of Inner Mongolia with financial innovation.
As learnt by the reporter, in this March, the CPC Committee and Government of Inner Mongolia Autonomous Region put forward the “8337” development idea, in which an important objective is to intensify ecological construction and environmental protection and build Inner Mongolia into a national output base for clean energy and an ecological security barrier in North China. Considering the energy conservation, emission reduction and pollution control targets, the region issued specific implementation plans for carrying out energy-saving transformation of key projects, adjusting energy structure, strictly controlling the total emission of pollutants, and building new and supporting pipe network works for urban sewage treatment plants in an all-round manner.
To support local governments to fulfill their bidirectional targets in energy conservation and emission reduction and output of clean energy, IB Huhhot Branch has, relying on the integrated product and service system of “Green Finance • Tactics (2013)” released by the Head Office, customized green financial service solutions for the key energy conservation and emission reduction projects, pollutant emission control projects and water resource protection and utilization projects of the region. By the end of this November, the branch has granted green finance based financing loans totaling RMB 9 billion across the region, covering a number of projects in the areas including electric power, coal washing, and centralized heating.
It is said that this conference is the 12 th and last stop of “2013 Beautiful China Tour • Green Finance” of IB. In this year, the serial tour campaign covered 12 provinces (municipalities and autonomous regions) including Hebei, Shandong, Heilongjiang, Ningbo, Guangzhou, Sichuan, Xinjiang, Hubei, Hunan, Jiangsu and Inner Mongolia, lending a vigorous boost to the local energy conservation and emission reduction cause and development of green economy.
As revealed by data, by the end of November 2013, IB has granted green finance based financing of RMB 333.1 billion to over 1,000 enterprises across China accumulatively, with the financing balance hitting RMB 174.6 billion, reducing the emission of CO2 , SO2 and chemical oxygen demand (COD) by 68.6775 million tons, 901,200 tons, and 43,600 tons respectively.