China Eximbank?held a signing ceremony for import financing at the 3rd China International Import Expo?(CIIE) on 6 November, and signed cooperation agreements with 45 companies, including CNIT, Chalco Trading Group, and China Co-op Cold Chain and Logistics to jointly promote trade growth and share the benefits of the CIIE platform. Mr. Ning Yong, Vice President of China Eximbank and representatives from the business community attended the ceremony.
In his address, Vice President Ning Yong noted that serving the CIIE and increasing import financing were highly in line with the role of China Eximbank. Since the first CIIE, China Eximbank has played a leading role in increasing import and export credit, innovating and optimizing financial services, and pooling bankwide resources to implement the CIIE-related outcomes and contribute to the success of the 3rd CIIE. Since the outbreak of the COVID-19 pandemic in 2020, China Eximbank has firmly carried out national financial policies in response to the pandemic, made every effort to stabilize the overall performance of foreign trade, and advanced COVID-19 prevention and control while promoting business operations. Statistics show that from January to October this year, China Eximbank has provided loans of over RMB1538 billion to stabilize foreign trade.
The signing ceremony for import financing during the 3rd CIIE was an important initiative of China Eximbank to support the CIIE in building a platform for international procurement, investment promotion, people-to-people exchanges as well as opening-up and cooperation. The total amount of the contracts signed during the ceremony exceeded RMB53 billion, and the key areas involved were intelligent manufacturing, high-end equipment, energy and resources, etc. With its tailor-made financial solution “Jin Bo Rong 2020”, China Eximbank would take an active step to meet the differentiated financial needs of companies in the entire industry chain of foreign trade.
Going forward, China Eximbank will remain committed to a customer-centered approach and keep strengthening product innovation and optimizing financial services, so as to make greater contribution to promoting higher-standard opening up and fostering a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other.