“China Construction Bank is not involved with, nor considering involvement with, the Adani Carmichael Mine project,” the Continuum Partner’s representative said, saying she should be quoted as “a spokesperson for China Construction Bank in Australia”. “China Construction Bank is one of the biggest banks in the world, over 10 times the size of Commonwealth Bank. “China Construction Bank becomes the 25th commercial bank – and by far the biggest – to rule out finance for Adani’s Carmichael mega coal mine,” Vincent said. China Construction Bank is just one of few big Chinese banks that could provide subsidised loans to the project. CMEC is also understood to have worked with the Export-Import Bank of China, but could potentially give Adani access to Industrial and Commercial Bank of China or the China Development Bank.

Source: The Guardian December 02, 2017 00:33 UTC