Alternative financing routes for energy-intensive companies
June 18, 2010 | BY
clpstaff &clp articlesPRC banks ordered to tighten lending
There are alternative ways to obtain financing as domestic lending gets squeezed for energy-intensive projects, say 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.