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The Opinions require that banking industry financial institutions not provide credit support for new projects that are listed in the national industrial policy restriction category and elimination category, and that the energy conservation and pollution problems announced and recognized by the energy conservation and emission reduction authorities should be highlighted and the reforms must be inadequate. An enterprise may not add new credits, and the original credit must be gradually compressed and withdrawn.
The China Banking Regulatory Commission strictly controls the "two-high" credit
On the eve of the new year, the China Banking Regulatory Commission issued the Guiding Opinions on Credit Granting for Energy Saving and Emission Reduction, requiring all banking financial institutions to actively adjust and optimize the credit structure and strictly control the credit supply of high energy-consuming and highly polluting industries such as building materials, petroleum processing, and chemical engineering.