Alternative financing routes for energy-intensive companies

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    clpstaff &clp articles

    PRC banks ordered to tighten lending

    There are alternative ways to obtain financing as domestic lending gets squeezed for energy-intensive projects, says counsel.

    The People's Bank of China (PBOC) issued a circular on May 31 2010 ordering financial institutions to tighten up their lending threshold to companies in energy-intensive industries.

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