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China: CDB provides CNY 1.3 billion in financing to Jincheng Petrochemical for crude oil procurement

Description

On 20 August 2025, the China Development Bank (CDB) disclosed that its Liaoning branch had provided CNY 1.3 billion (USD 181.2 million) in loans to Jincheng Petrochemical. The date on which the state ...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Aug 2025

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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