Home / Metal News / Zinc / CDB Chairman: CBD to Rein in New Loans for Photovoltaic Enterprises
CDB Chairman: CBD to Rein in New Loans for Photovoltaic Enterprises
Mar 22,2013 16:38CST
smm insightindustry news
Source:SMM
CDB will strictly control new loans for photovoltaic enterprises

SHANGHAI, March. 22 (SMM)- Chen Yuanzhou, Chairman of the China Development Bank (CDB) recently said its bank will strictly control new loans for photovoltaic enterprises to minimize risks. On the other hand, loans for local financing sector will remain stable. 

Global economic slowdown and the European debt crisis have taken a big bite out of demand for photovoltaic cells from Europe – the major consumer. As the world’s biggest manufacturer of PV modules and batteries, China suffers severe photovoltaic overcapacity. Domestic photovoltaic giants such as Suntech Power Holdings, Changzhou Trina Solar Energy and Yingli Green Energy Holding are under a lot of stress. Policies and regulations aiming at promoting sound development of photovoltaic industry were adopted during the recently held State Council executive meeting, including M&As.

Related News:

Special Reports on China’s NPC and CPPCC Session 2013

NPC and CPPCC Sessions Unveil China’s Five-Year Development Blueprint

Premier Wen Warns of Growing Inflationary Pressure in 2013

CPPCC Member Proposes Continuation of Rural Home Appliance Subsidy Program

Former MIIT Minister: Tax Incentives for Automobile Purchase Should Be Cancelled

 

 

CDB
new loans
photovoltaic industry

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn