China News Service, Beijing, May 4 (Reporter Xia Bin) The People's Bank of China announced on the 4th that, with the approval of the State Council, it increased the special re-loan quota of 100 billion yuan (RMB, the same below) to support the clean and efficient utilization of coal, which is specially used for Support the development and use of coal and enhance the capacity of coal reserves.

The areas of new quota support include safe coal production and reserves, as well as coal power companies' guaranteed supply of thermal coal.

　　It is reported that after the increase of 100 billion yuan, the total amount of special re-loans to support the clean and efficient utilization of coal will reach 300 billion yuan, which will help to further release advanced coal production capacity, ensure safe and stable energy supply, and support economic operation within a reasonable range.

　　The relevant person in charge of the People's Bank of China said that the specific support areas of the 100 billion yuan special re-loan quota increased this time include: First, the field of coal safety production and reserves.

Including modern coal mine construction, green and efficient technology application, intelligent mine construction, coal mine safety transformation, coal washing, coal reserve capacity building and other projects; the second is the field of coal power supply guarantee for coal power enterprises.

　　"Financial institutions should give priority to supporting project loans for the safe production and reserve of coal. In the field of guaranteed coal supply for coal power companies, the working capital loans issued by financial institutions for coal power companies to purchase coal can apply for special re-loan support as required." People say.

　　According to him, the special re-loan adopts the direct mechanism of “loan first and then borrow” and is issued on a monthly basis.

Financial institutions make their own decisions and bear their own risks to grant preferential loans to projects that meet the standards within the scope of support. The loan interest rate is roughly the same as the market quotation rate of the same-term and grade loan announced at the time of issuance, and the loan interest rate can be adjusted according to the corporate credit status.

For eligible loans, the central bank provides special re-lending funds in the same amount as the loan principal.

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