China working on new monetary policy facility for green projects - central bank head
Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018/ Reuters
China's central bank governor, Yi Gang, said on Wednesday Beijing was working on a new monetary policy facility to provide low cost funds for financial institutions to support green projects.
Addressing a United Nations COP26 climate summit via a video message, Yi said the People's Bank of China (PBOC) and the European Union would soon deliver a shared understanding of what is a green investment.
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