JinkoSolar renews credit agreement with HSBC; increases to $47 mn

JinkoSolar in Asia

JinkoSolar said that it has signed a renewed credit agreement with HSBC (China) to increase its credit limit to $47 million from $25 million.

“This updated agreement reflects the recognition of leading financial institutions such as HSBS in our brand, operation and financial condition,” said Charlie Cao, JinkoSolar’s chief financial officer.

“Strong financial support will help enhance our sustained development capability and strengthen our leading position in the industry. We look forward to working closely with HSBC in the future,” Cao added.