PBoC to support green finance with low-cost funding

Bank says it will extend its tougher regulation of crypto assets

People’s Bank of China
People’s Bank of China

The People’s Bank of China has pledged to support green finance with low-cost funding and vowed to continue its crackdown on crypto asset trading in the rest of this year.

The PBoC convened an interim meeting on July 31 to review works in the past six months and set out the goals for the second half of this year, minutes show. 

The central bank says a high priority is to “expedite the process of building a green financing system”, among other tasks such as financial opening and renminbi

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