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Bank of China to stop financing new coal mining, power projects overseas from Q4

reuters.com · 09/24/2021 08:55
Bank of China to stop financing new coal mining, power projects overseas from Q4

- Bank of China Ltd BACHF on Friday said it would no longer provide financing for new coal mining and coal power projects outside China, as well as in Hong Kong, Macau and Taiwan, from the fourth quarter of this year.

The announcement from the state-run lender, which excludes projects that have already been signed off on, follows President Xi Jinping's pledge on Tuesday that China would not build any new coal-fired power projects abroad. nL1N2QN2M6


(Reporting by Cheng Leng and Tom Daly; Editing by Alex Richardson)

((tom.daly@thomsonreuters.com; +86 10 5669 2119;))