Home | About us | General news | Regulatory | Technology | Deals | China abroad | Company news | People news | Links | All stories
Banner
Blue Skies China
Home
Blue Skies China TV
General news
Regulatory
Technology
Deals
China abroad
Company news
People
Links
Plant map
search
HK API
Login Form
Register free for our weekly e-mail news
Username

Password

Remember me
Password Reminder
No account yet? Create one
Syndicate
Blue Skies China feeds

Latest regulatory news
Popular regulatory stories

No loans for polluters - SEPA PDF Print E-mail
Written by Administrator   
Feb 26, 2007 at 11:30 AM
BEIJING, February 22 -- Enterprises violating environmental protection rules will struggle to secure bank loans, according to the State Environmental Protection Adminstration (SEPA).

PBC will hold "blacklist" of polluters

Zhang Lijun, vice director of SEPA said the agency would blacklist companies that violate environmental laws and include them on a database, which will be submitted to the People's Bank of China (PBC) from April 1.

Zhang said that he hoped the cooperation between SEPA and the PBC would force enterprises to be more self-disciplined in environmental protection and to control their pollutant discharge.

The PBC is China's central bank, responsible for setting monetary policy and regulating interbank activities, as well as managing foreign exchange and anti-money laundering infrastructure. It is not yet clear how the SEPA database will be administered within PBC, or how "blacklists" within it will translated down to the day-to-day operations of lending institutions - Blue Skies China hopes to follow this up as more information is made available.

SEPA has already begun building the database; last year it says it dispatched 1.67 million environmental protection supervisors to inspect more than 720,000 enterprises nationwide. It identified 28,000 violations and shut down 3,176 enterprises - these findings have already been included.

Banner