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Reuters
Reuters
Business

Bank of China to provide 30 billion yuan financing for winter sports from 2018-2024 - chairman

BEIJING (Reuters) - Bank of China Ltd (BoC) will provide 30 billion yuan (£3.4 billion) financing for the winter sports industry over the next seven years, said its chairman.

The sum will be provided from 2018 to 2024, BoC Chairman Chen Siqing said at a press conference held in Beijing on Tuesday. China is hosting the 2022 Winter Olympics.

(Reporting by Shu Zhang in Beijing and Brenda Goh in Shanghai; Writing by Engen Tham; Editing by Subhranshu Sahu)

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