Global Trade Alert
Global Trade Alert

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

Announcement

20 Aug 2025

In August 2025, the China Development Bank (CDB) disclosed providing CNY 1.3 billion in financing to Jincheng Petrochemical.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

20 Aug 2025

Revocation date:

No revocation date

Updated: 25 Aug 2025
State loan In force
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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