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China CDM Fund Management Center Signed Green Innovation Investment Cooperation Agreement with Anhui Provincial Department, China Everbright Bank Hefe

2020-04-14

China CDM Fund Management Center Signed Green Innovation Investment Cooperation Agreement with Anhui Provincial Department, China Everbright Bank Hefei Branch, and Huaxia Bank Hefei Branch Respectively.

Recently, China CDM Fund Management Center (hereinafter referred to as “the CDM Fund”) signed Green Innovation Investment Cooperation Agreement with Anhui Provincial Department of Finance, China Everbright Bank Kunming Branch, and Huaxia Bank Hefei Branch respectively.

The CDM Fund is a policy-oriented fund established upon national approval and operated in market fund approach, with the aim of supporting national efforts in addressing climate change and promoting sustainable development of the economy and society. As a supplementary funding mechanism of national finance support to green and low-carbon development, the CDM Fund gives full play to the role of bridging the government and the market, public finance and finance, international and domestic affairs, and through clean development concessional loans  (hereinafter referred to as the "clean concessional loan") and   other paid-use ways to lead and leverage market funds to support green and low-carbon cyclic development. By the end of March 2020, the CDM Fund had implemented   314 clean concessional loan projects in 27 provinces, municipalities and districts of the country, with a total loan of RMB 19.2 billion, and leveraged social capital of near a hundred billion RMB.

The “Green and Innovative Investment Business” is an innovation base on years of experiences in traditional model of clean development concessional loan in cooperation with provincial financial departments. It brings in financial institutions to share risks and is initiated by three parties jointly to support local green low-carbon development, energy conservation and emission reduction, and other project-based debt investment businesses that are conducive to generating   effects of addressing climate change.

According to the Green and Innovative Investment Business model of the Agreement, the Anhui Provincial Department of Finance is responsible for organizing project application, the CDM Fund provides policy concessional funds, the cooperative bank issues demand financing guarantees for the project, while project enterprise obtains concessional loans.

The cooperation in “Green and Innovative Investment Business” landed in Anhui signifies that under the new situation, the CDM Fund, Anhui Provincial Department of Finance, China Everbright Bank Kunming Branch and Huaxia Bank Hefei Branch will continuously strengthen cooperation to build up a mechanism conducive to Anhui’s efforts in energy-saving and emission reduction, as well as green and low-carbon industry development. Concerned parties will take the   opportunity as a new beginning to actively respond to the call of the Party Central Committee on construction of ecological civilization, and further exert respective advantages and professional capabilities to jointly boost   the industrial transformation and low-carbon development of Anhui Province.

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