On 27-28 November, Vice President Sun Ping was invited to the 17th China-ASEAN Expo and the opening ceremony of China-ASEAN Business and Investment Summit, and delivered a speech at the China-ASEAN Financial Cooperation and Development Leadership Forum. He also introduced the major decisions and requirements of the Fifth Plenary Session of the 19th CPC Central Committee to the staff of the Guangxi Branch of China Eximbank, and paid visits to key foreign trade enterprises in Guangxi.
In his speech at the China-ASEAN Financial Cooperation and Development Leadership Forum, Sun Ping said that ASEAN had an important place in Eximbank’s business as a key region for Belt and Road cooperation. The current outstanding loan balance in the region exceeded RMB500 billion, with nearly 1,000 ongoing projects. In the past three years since its establishment, the Guangxi Branch achieved an average annual loan growth rate of over 50%, serving as a vital force in supporting Guangxi’s foreign trade and cross-border investment.
Sun Ping said that China Eximbank would implement the instructions put forward by President Xi Jinping at the opening ceremony of the ASEAN Expo and give full play to its unique advantages in supporting international investment and financing cooperation, and contribute more to promoting mutually beneficial and win-win development of China and ASEAN.
First, the Bank will promote China-ASEAN connectivity for both sides to share the outcomes of development, and deepen cooperation in key areas such as infrastructure, energy resources and industrial production capacity. Second, continuous efforts will be made to press ahead with innovation, enhance financial services, and accelerate the establishment of the China-ASEAN Investment Cooperation Fund II. Third, cooperation with financial institutions in the ASEAN region should be deepened to further promote China-ASEAN financial cooperation. Fourth, the Bank will tap into the potential of Guangxi-ASEAN cooperation and help Guangxi build an open financial gateway to ASEAN. To implement the joint work plan signed with the government of Guangxi Zhuang Autonomous Region to fight COVID-19, protect enterprises and stabilize foreign trade, the Bank will provide RMB80 billion of special fund in the next three years to support key areas including Guangxi’s foreign trade industry, pilot free trade zone and border economic cooperation zone.
Sun Ping also attended relevant events in celebration of the 3rd anniversary of the establishment of the Guangxi Branch of China Eximbank, introduced the major decisions and requirements of the Fifth Plenary Session of the 19th CPC Central Committee to the staff, and analyzed the role that the Bank should take in line with CPC Central Committee’s Proposals for the Formulation of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035. He stressed that the Guangxi Branch should implement the decisions and requirements of the Fifth Plenary Session of the 19th CPC Central Committee and the new mission of Guangxi put forward by President Xi Jinping. It should strengthen Party building, ensure compliant operations, uphold integrity, focus on its mission, support industrial and supply chains and implement the green development philosophy, in an effort to contribute to establishing a dual circulation development pattern, and promoting mutually beneficial and win-win development of China and ASEAN .
During his stay in Guangxi, Sun Ping also paid visits to local key foreign trade enterprises.