Kunshan Rural Commercial Bank's first "Suzhou Carbon Finance" product was successfully implemented with a loan term of 2 years

Recently, Kunshan Rural Commercial Bank granted a loan of 2 million yuan to a new energy technology limited company, marking the successful implementation of the first "Jiangsu Carbon Finance" business in Kunshan Financial Reform Pilot Zone under the opportunity of grasping the "Jiangsu Carbon Finance" green financial product pilot policy. It is understood that the loan term is 2 years, and the loan fund is mainly used for the purchase of solar power generation equipment of enterprises. It is expected that the enterprise can reduce 639 tons of carbon dioxide annually and save 270 tons of standard coal annually.

"Jiangsu Carbon Finance" is an inclusive green financial product that is the first one in Jiangsu to establish a docking with the refinancing policy in the country, helping to achieve the goal of carbon peak and carbon neutrality, and strengthening the support of structural monetary policy tools for carbon emission reduction. With the support of the People's Bank of China's refinancing funds, low interest rate loans, medium - and long-term loans, and credit loans can be issued to meet the needs of green enterprises in terms of price, duration, and guarantee methods. The "Suzhou Carbon Finance" product launched by Kunshan Rural Commercial Bank has achieved precise support for green low-carbon enterprise projects through the innovative model of docking with the refinancing policy and linking with the enterprise carbon account. Up to now, the bank's green loan balance is 1.92 billion yuan, a net increase of 144 million yuan over the beginning of the year, with a growth rate of 8.1%. (Reporter Liu Jing)

key word: Kunshan Rural Commercial Bank Suzhou Carbon Finance Products CO2 reduction Inclusive green financial products