ABC Signs $473bn Energy Deal - China Securities Journal

The Agricultural Bank of China (ABC) and the country’s energy administration have signed a cooperation deal to boost clean energy use, China Securities Journal reported.

ABC plans to lend 3 trillion yuan ($473 billion) to the energy sector, including 1 trillion yuan at the county-level energy sector, and boost energy transformation in rural areas.

Read the full report: China Securities Journal

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.