On 24 May, China Eximbank and China Classification Society (CCS) entered into an all-round cooperation framework agreement in Beijing. The agreement is aimed at promoting the transformation, upgrading, and sound development of China’s shipbuilding industry. Sun Ping, Vice President of China Eximbank, and Mo Jianhui, Vice President of CCS, witnessed the signing of the agreement. 

According to the agreement, both sides will strengthen comprehensive cooperation in building review system of ship owners and shipyards and post-lending risk management system, providing recommendations for quality clients and projects, co-organizing the Ship Financing Forum and providing all-round support for Chinese shipbuilding enterprises in terms of standards, technology, and capital. In addition, the two sides will vigorously promote the “going global” of more Chinese elements, and enhance the international competitiveness and influence of China’s shipbuilding industry in the new era. 

Since its inception, China Eximbank has been supporting the development of China’s shipbuilding industry as its mission. It has committed itself to prompting shipbuilding enterprises to strengthen technological innovation through financial assistance, besides helping the domestic industry to fulfill the goal of becoming bigger and stronger. Since the release of the Implementation Plan for Accelerating Structural Adjustment and Promoting Transformation and Upgrading of the Shipbuilding Industry (2013-2015), China Eximbank has provided various types of ship financing with a total amount of over RMB 260 billion, over 90% of which involves contracts for high-end vessels. 

CCS is the only specialized agency in China that is engaged in ship classification-related assessment. It is rated among the world’s top 10 classification societies. In recent years, the number of high-end ships of various types financed by China Eximbank and classified with CCS has grown substantially. With apparent mutually beneficial results, bilateral cooperation is widely regarded as a classic example of coordinated development of industry-financing-services for China’s shipbuilding industry. 

In the face of a complex and ever-changing international economic environment, China Eximbank and CCS agree that both sides make full use of our respective advantages to deepen and broaden areas of cooperation, and facilitate China’s shipbuilding industry to take a path of high-quality growth in the new era.