BEIJING - Companies who seriously violate environmental laws will face restrictions to their future business endeavors, the Ministry of Environmental Protection announced Wednesday.
The ministry and 30 other central government agencies, including the People's Bank of China, authored the policy, according to the ministry statement.
These companies may be barred from entering certain businesses, blocked from applying for business permits or disqualified from loans. They will not qualify for preferential policies.
The policy lists 14 serious violations, including construction or operation without environment assessment or permits and discharging pollutants.
The ministry will manage a blacklist of companies with bad environment records and share it with other agencies.
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