Latest News:  
Beijing   Sleet/Overcast    3 / -2   City Forecast

People's Daily Online>>China Business

China encourages financial support for water-related projects


16:59, March 01, 2012

BEIJING, March 1 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, announced Thursday it will enhance financial support for the construction of water-related projects in the country.

The central bank said it will encourage banks to innovate with financial products and services that are suitable for water-related facilities and schemes, in line with a government document that aims to boost the construction of such projects for farms and infrastructure building.

The document, jointly issued by the PBOC and other government departments including the National Development and Reform Commission and the Ministry of Finance, said that water-related projects are crucial for China to develop modern agriculture, improve the ecological environment and boost development in rural regions.

The central bank said it encourages local authorities to introduce corporate reforms to their financing vehicles so as to better attract bank loans toward the sector.

It said that the major part of bank credit will incline toward credit-worthy firms. Meanwhile, it will also support the establishment of share-holding water-related companies that can scientifically explore water, land and ecological resources in local regions.


Leave your comment0 comments

  1. Name


Selections for you

  1. CPPCC members arrive in Beijing

  2. 1st training by aerobatics team of air force in 2012

  3. Heavy drought hits Fumin county in Kunming

  4. Chinese architect wins 2012 Pritzker Architecture Prize

Most Popular


  1. Political dialogue is right solution to Syrian crisis
  2. West's pressure no sway on China's defense budget
  3. Manila returns to usual games of cat and mouse
  4. How should China cope with US return to Asia?
  5. China-US relations have become irreversible
  6. Safe food not just for champions and govt officials
  7. Questions facing NATO's strategic transformation
  8. US, DPRK talks offer window into new leadership
  9. Chinese people's feelings cannot be hurt
  10. US far from being model of social wealth distribution

What's happening in China

Starbucks: brewing up a success story

  1. Leakage from website poses threat to netizens
  2. Tianjin to put 1,000 electric buses into service
  3. Chinese fossils bear evidence of Jurassic-era fleas
  4. China Southern orders 10 B777 jets
  5. Cleaning subway a Herculean job

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai