The European Investment Bank is aiming to provide 500 million euros ($540 million) of financing in environmental and climate-related projects in China this year, while exploring co-investment opportunities with Chinese banks in overseas green projects, a senior official of the bank said.

Steps will be taken to redirect capital toward producing goods and services and away from speculation China has shifted the focus of its financial policy toward controlling risks, underscoring the desire of the nation's policymakers to contain systemic risks and ensure financing for real economic activities, such as providing goods and services.