China Eximbank Signed Master Participation Agreement for Trade Transactions with Landesbank Baden-Wurttemberg

2020-11-06

  China Eximbank held a signing ceremony for supporting import financing at the National Exhibition and Convention Center (Shanghai) on 6 November, during which it signed the Master Participation Agreement for Trade Transactions with Landesbank Baden-Wurttemberg (LBBW) of Germany in the presence of Vice President Ning Yong of China Eximbank.

  According to the agreement, China Eximbank and LBBW would buy or sell undue receivables under trade on a funded or unfunded basis by agreed portion and conditions, to support bilateral trade and cooperation in third market between enterprises of the two countries.

  Established in January 1999 and headquartered in Stuttgart, Germany, LBBW is co-owned by the Federal State of Baden-Wurttemberg, the Savings Bank Association of Baden-Wurttemberg and the City of Stuttgart. It has broad networks in the world’s main financial hubs such as New York, London, Singapore and emerging markets, and has representative offices in Beijing and Shanghai.