Recently, Bank of Beijing and Beijing Shenwu Environment & Energy Technology Co., Ltd ("Shenwu Group") signed a strategic alliance agreement. According to the agreement, the Bank will provide an intentional credit of three billion Yuan for Shenwu Group in development and promotion of the industrial energy-saving and resources utilization technology, and its energy saving projects in metallurgy and nonferrous metals in China, Southeast Asia and Australia. It will save over 20 million tons of standard coal and reduce carbon dioxide emissions of over 40 million tons, which can save energy consuming companies more than 15 billion Yuan cost. With the funding support of Bank of Beijing, Shenwu Group will make efforts to promote its self-developed "regenerative combustion technology", to further reduce carbon emissions of industrial enterprises, improve energy efficiency and significantly improve the energy-saving capability. Officials and executives from China Banking Regulatory Commission, China Energy Conservation Service Industry Association Board (EMCA), Shenwu Group, Bank of Beijing and other units attended the signing ceremony.

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