China's State Development & Investment Corporation quits coal

asia power 2019年3月20日

摘要:Coal investments have been one of its largest profit contributors for a decade. China’s State Develo...

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insuranceand/orinvestmentsthisweek.“Themomentumisincreasing / facilitatingandguidingthedevelopmentofnewindustriesacrossChina.Previously / chairmanofSDICtoldtheChinesepressthattheinstitutionhadaccelerateditsfive-yearplantoexitcoaltoalignwithnationalenergystructureadjustmentmeasures.AccordingtotheInstituteforEnergyEconomicsandFinancialAnalysis(IEEFA / over100globalinstitutionsandcountingarecurrentlyexitingthermalcoalfinanceandinsurance.SDICjoinedfourglobalfinancialinstitutionsthatbroughtinnewrestrictionsonthermalcoalfinancing / Coalinvestmentshavebeenoneofitslargestprofitcontributorsforadecade.China’sStateDevelopmentInvestmentCorporation(SDIC)hasfinaliseditscompleteexitofthecoalindustryandwillremovecoal-relatedinvestmentsthathavebeenoneofitsleadingprofitcontributors.SDIChasUS$1.46bofassetsundermanagement.Ithasfocusedonreformandinnovation 查看更多

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China's State Development & Investment Corporation quits coal