One of China’s big three policy banks has executed a slew of agreements to provide financial support to the import operations of Chinese enterprises.
The Export-Import Bank of China (Exim Bank) executed cooperative agreements with nearly 40 enterprises at a ceremony held on 6 November at the China International Import Expo held in Shanghai.
The agreements are for the purpose of “actively satisfying the import financing needs of enterprises” and are collectively worth more than 23 billion yuan, covering sectors including advanced manufacturing and green finance.
Wu Fulin (吴富林), president, deputy-chair and deputy-party secretary of Exim Bank, said that the lender would “continually expand loans to stabilise foreign trade in close accordance with national policy guidance.”
According to Wu Exim Bank has provided a total of 200 billion yuan in financing to enterprises on nearly 300 occasions at the previous Import Expos.