Published: 12:37, November 26, 2023 | Updated: 12:57, November 26, 2023
CDB issues over 100b yuan in special loans for energy supply
By Xinhua

The logo for the China Development Bank is seen on a display at the China International Fair for Trade in Services  in Beijing on Sept 5, 2020. (PHOTO / AP)

BEIJING - China Development Bank, one of the country's policy banks, has issued more than 100 billion yuan (about $14 billion) of special loans to support energy supply since the beginning of this year.

The funds are expected to ensure the heating and energy supply this winter and next spring, the bank said

The bank said the loans targeted supporting main coal-producing areas and key coal enterprises to increase the supply of thermal coal, as well as helping disaster-stricken areas and key power enterprises to reserve thermal coal.

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The funds are expected to ensure the heating and energy supply this winter and next spring, the bank said.