Tianjin Branch of the People's Bank of China: Tianjin's first "Transformational Finance + Carbon Quota Compliance" dual-linked certified loan implemented

Recently, under the guidance of the People’s Bank of China Tianjin Branch and the Tianjin Local Financial Supervision Bureau, Tianjin Binhai Rural Commercial Bank successfully issued the city’s first “Transformation Finance + Carbon Quota Compliance” dual-linked certified loan to Tianjin Xintian Steel United Special Steel Co., Ltd. This marks a milestone in Tianjin’s innovative development of transformation finance and has a positive demonstrative significance for financial support of high-carbon enterprises’ green transformation.

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