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China orders coal and energy funding to ease power crisis, warns against Moutai and Puer tea investment

Summary:
[unable to retrieve full-text content]China ordered its banks to ramp up funding to coal and energy companies, another step in its efforts to ease a power crunch and ensure supplies this winter.Banks and other financial institutions should prioritise lending to qualified mines and power plants so they can increase thermal coal and electricity output, the China Banking and Insurance Regulatory Commission said in a statement Tuesday. In order to maintain price stability, bank loans and financing are strictly banned from being used to…

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[unable to retrieve full-text content]
China ordered its banks to ramp up funding to coal and energy companies, another step in its efforts to ease a power crunch and ensure supplies this winter.Banks and other financial institutions should prioritise lending to qualified mines and power plants so they can increase thermal coal and electricity output, the China Banking and Insurance Regulatory Commission said in a statement Tuesday. In order to maintain price stability, bank loans and financing are strictly banned from being used to…

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