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A senior provincial official recently told China Daily that Chinese financing for clean energy may reach 8 trillion yuan, and China may issue yuan-denominated “green bonds” to meet financing demands.
Gao Cailin, director general of the Office of Financial Affairs of Jilin Province, said that ”The soaring demand would create huge space for development of ‘green finance’.”
“The soaring demand would create huge space for development of ‘green finance’,” he said.
Green finance refers to credit aimed to support low-carbon green sectors, such as new energy.