China’s banks urged to stop funding global deforestation

China’s banks urged to stop funding global deforestation

An influential campaign group has called for greater oversight of Chinese banks over concerns that a cluster of the country's biggest lenders are pumping billions into companies with ties to deforestation risks. In a new report, Global Witness says that Chinese banks and investors provided over US$22.5bn in loan and underwriting services to major companies ...

The post China's banks urged to stop funding global deforestation appeared first on Global Trade Review (GTR).

An influential campaign group has called for greater oversight of Chinese banks over concerns that a cluster of the country's biggest lenders are pumping billions into companies with ties to deforestation risks. In a new report, Global Witness says that Chinese banks and investors provided over US$22.5bn in loan and underwriting services to major companies ...