Green Financing Program in China
The Chinese and the German Government have agreed on a Green Financing Programme that shall be implemented as a financial intermediary program and focus on promoting smal-scale low carbon investments.
The Programme shall be refinanced by KfW Development Bank with an amount of 62 million Euros.
It is envisaged that there will be two on-lending banks of which only one has been determined so far: CITIC Bank, a national bank, which has its headquarter in Beijing and which is already active in the field of project finance. The bank is also experienced with refinancing in foreign currencies.