Practice the Spirit of the 19th National Congress of CPC Strictly Control Loan Risks

China CDM Fund Management Center carried out post-loan on-site inspection on on-going projects

Following the spirit of the 19th National Congress of CPC and practice the important indication about Improving the Financial Regulatory System to Forestall Systemic Financial Risks addressed by General Secretary Xi, China Clean Development Mechanism Fund (hereinafter referred to as “the CDM Fund”) Management Center carefully carried out post-loan on-site inspection on on-going projects, so as to timely warning of project risks.

Post-loan management is an important link to control risks and guarantee capital security; and post-loan on-site inspection is the important means to review post-loan management. According to project management procedures and based on annual self-review conditions of provincial departments of finance, the Management Center carried out post-loan on-site inspection with focus on the basic conditions of project owners, capital arrival and utilization conditions, project construction status, financial status, operation condition and credit status of project enterprises and other major items that effect loan security. During this process, the post-loan check group of the Management Center played a leading role and hired third party organizations to provide support.

As a national policy fund aims to promote low-carbon development and elevate the capacity of addressing climate change, the CDM Fund not only provides concessional loans for low-carbon projects, but also enhances the project supervision of its whole life circle, to make sure the loan is utilized for its specified purpose, and guarantee capital security and the sustainability and carbon-reduction effects of projects.

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