Introduction

Export seller’s credit refers to a business whereby China Eximbank provides local- and foreign-currency loans to domestic enterprises (excluding those in Hong Kong, Macao and Taiwan) that need funding for exporting products with low technological content, general mechanical and electrical products, complete sets of equipment, products with high technological content, ships, agricultural products, cultural products, and other approved products and services.

Eligibility Requirements

All domestic enterprises registered with the administrative bureaus for industry and commerce of China and having an independent legal capacity, or institutional legal persons qualified for borrowing can apply to the Bank for export seller’s credit. Moreover, group companies whose financial management is centralized can also apply to the Bank for export seller’s credit on the condition that they do not repeat borrowing from the Bank and agree in the contract that the loans provided should be used for the export business of their subsidiaries.

Application Requirements

1.The borrower should have viable operational management and financial conditions, good credit standing, and the ability to repay the loan principal and the interest accrued thereon.

2.The borrower should meet the Bank’s requirements for credit rating.

3.A repayment guarantee recognized by the Bank should be provided (if necessary).

4.Export credit insurance should be purchased as deemed necessary by the Bank.

5.Relevant projects should be approved by the competent authorities of China and other countries (if necessary).

6.Other conditions as deemed necessary by the Bank should apply.