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CN Set to Disburse RMB39.9B Renewable Power Subsidies

AASTOCKS · Jul 17, 2022 23:56

GUANGDONG INV +1.14% SH ELECTRIC -1.73% GCL TECH +0.00% CHINA LONGYUAN +1.06% GOLDWIND +0.32%

China's Ministry of Finance (MOF) is set to disburse the 2022 annual renewable power subsidies of RMB39.937 billion to relevant renewable power generators, of which RMB10.5 billion will be used on wind power; RMB26 billion on solar power and RMB3.4 billion on biomass energy power, according to information from the State Grid Corporation of China.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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In Malaysia, investment products and services available through the moomoo app are offered through Futu Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Futu Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Futu Malaysia Sdn. Bhd. are affiliated companies.

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