China’s green loans will continue to grow at a high speed in 2021, the central bank reported


The picture shows the People’s Bank of China building.Data released by the People’s Bank of China (PBOC) shows that at the end of 2021, the balance of green loans in domestic and foreign currencies in China was 15.9 trillion yuan, up 33% year on year, 12.7 percentage points higher than that at the end of the previous year, 21.7 percentage points higher than the growth rate of all loans, an increase of 3.86 trillion yuan for the whole year.According to the central bank’s financial institution lending statistics report, 7.3 trillion yuan and 3.36 trillion yuan of loans were directed to projects with direct and indirect carbon reduction benefits, accounting for about 67 percent of green loans.By use, loans for green infrastructure upgrading, clean energy and energy conservation and environmental protection reached 7.4 trillion yuan, 4.21 trillion yuan and 1.94 trillion yuan respectively, up 28.3%, 31.7% and 46.7% year-on-year, respectively.The report also showed that at the end of 2021, the balance of medium – and long-term loans in China’s domestic and foreign currency industries was 13.49 trillion yuan, up 22.6% year on year, 2.6 percentage points higher than the end of the previous year.This was an increase of 2.49 trillion yuan, or 650.3 billion yuan over the same period last year.In addition, at the end of 2021, China’s outstanding RMB real estate loans reached 52.17 trillion yuan, up 7.9 percent year on year, 3.7 percentage points lower than the growth rate at the end of the previous year.Among them, the outstanding loans for real estate development were 12.01 trillion yuan, up 0.9% year on year, 5.2 percentage points lower than that at the end of last year.(Reporter Wu Yu)

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