Briefly

Bank hikes lending for green sectors

The Bank of Communications, one of China's largest commercial banks, has strengthened financial support for the green and low-carbon transformation of traditional sectors and the expansion of green sectors. By the end of 2023, the lender's outstanding loans for green development reached 822.04 billion yuan ($115.6 billion), up 29.37 percent compared with the end of 2022, data from the bank showed.

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