Is China’s banking industry embracing sustainable investment?

Xiaojia Li, Haitao Yin and Jiaxin Liu

Applied Economics Letters, 2018, vol. 25, issue 18, 1269-1272

Abstract: Built upon an analysis of 2858 publicly listed companies in China, we found that although polluting companies historically received more loans from banks than nonpolluting companies, this trend has recently changed in China. Polluting companies receive fewer loans from banks and the borrowing cost increases over time. This suggests that the Chinese banking industry is becoming more environmentally responsible in its loan decision-making.

Date: 2018
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DOI: 10.1080/13504851.2017.1418065

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