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NDRC Approves the Foreign Capital Utilization Plan for the ADB Loan

to the Bank of Xingtai Green Finance Development Project

  To support air pollution prevention and reduction in Hebei Province, the National Development and Reform Commission has recently approved the foreign capital utilization plan for the Asian Development Bank loan to the Bank of Xingtai Green Finance Development Project. It is expected that this project will borrow $200 million from the Asian Development Bank, and apply the financial intermediation modality to channel these funds through the Bank of Xingtai to borrowers for various subprojects. The funds will be used for energy efficiency and emission reduction, new energy industries, structural transformation for industries which cause high pollution and incur high energy intensity, and pollution reduction in priority areas.

(Department of Foreign Capital and Overseas Investment)