Sichuan Provincial Development and Reform Commission issued policy measures to
support green, low-carbon development, directing financial institutions to
launch green transition financing products and services. The measures target
transition borrowers in 10 sectors — steel, coal power, building materials,
ceramics, textiles, petrochemicals, chemicals, aluminum, inland water transport
and agriculture — with diversified financial services and policy support.
Municipalities are encouraged to widen green finance–fiscal interaction and may
provide fiscal interest subsidies for transition finance where conditions allow.
The province will include financial institutions’ transition financing activity
in PBOC green finance assessments.
