Yesterday, the Asian Development Bank and Hua Xia Bank announced the establishment of a joint project aimed at fostering green and low-carbon development in industrial parks. Endorsed by the State Council, this initiative will offer tailored services to 12 national and provincial development zones, focusing on green transformation efforts in energy conservation, renewable energy, and related sectors. The initial funding allocation amounts to RMB 5 billion, with a repayment term spanning 16 years.