BEIJING: The largest bank of China, Industrial and Commercial Bank of China (ICBC), said Monday that it will adjust its lending to promote environmentally friendly economic development.
Shifting model of economic growth in China, one of the main tasks the Chinese government is functioning on the development of energy-efficient, environmentally friendly and domestic consumption is Usher.
ICBC will raise new loans to strategic industries and modern services and recycling industries and low carbon emissions, according to a statement of work in 2010 was the bench conference.
The Beijing-based lender will also provide financial support to small business and home use.
The bank said it will strictly control loans with high pollution and resource-intensive projects and the door to lend to projects and businesses were closed, in violation of environmental regulations.
