Greetings to you all. Ringing in 2023, on behalf of the Bank’s Party Committee, we extend all our best New Year wishes to friends from all walks of life who have been caring about, supporting and placed enduring trust in us, and to our staff members, both at work and retired, as well as their families.

In 2022, a year of utmost importance in histories of the Party and the country, we successfully convened the 20th National Congress of the Communist Party of China (CPC), sounding a clarion call for us forging ahead in building a modern socialist country in all respects and advancing the great rejuvenation of the Chinese nation on all fronts. Adhering to and guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we gained strength in opening new chapters in adapting Marxism to the Chinese context and the needs of our times. Throughout the year, we worked incessantly and made solid progress. Marching with full confidence and a fighting spirit, we stuck together through some tough times, and went in harm’s way without shrinking back from any challenges.

Just as only after polishing can a piece of jade be finer, only in hard times can courage and perseverance be manifested. Over the past year, guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we at the Bank fully implemented the major decisions made by the CPC Central Committee and the State Council, and acted in line with the general requirement to ensure effective COVID control, stable economic performance and secure development. We coordinated pandemic prevention and control with economic and social development in an efficient manner, and took into account both development and security. Staying true to the mission of policy-based finance, we continued our main business operations, and accommodated our rectification measures to address problems identified during CPC Central Committee’s inspection tours with progress made in the Bank’s operation and management. Bearing in mind a strong sense of responsibility to the cause of the Party and the people, we faced up to difficulties with tenacity and engaged ourselves in stabilizing the overall performance of China’s macroeconomy. Throughout the year, we made science-based decisions in response to unexpected problems, and took precise measures to cope with unexpected challenges. We introduced 25 measures to scale up credit supply in our policy-based business operation, 19 measures targeted at pandemic control and resumption of work in Shanghai, and 28 measures to help stabilize the overall economic performance. We formulated plans to increase credit supply to the infrastructural sector by RMB100 billion, and proceeded with refinancing for equipment renovation. We put in place special financial policies and stepped up efforts in developing new products and services. The Bank’s credit supply has hit record high over the course of the year, and the Infrastructure Fund set up by the Bank has invested a total of RMB68.4 billion in the market. By doing so, the Bank has fully leveraged its role as a policy-based financial institution in making counter-cyclical and cross-cyclical adjustment, contributing its part to the high-quality development of China’s real economy.  

In 2022, impressive voices have been heard from the Bank and its footprints have been left on each and every passing day. Drawing on our strength in supporting foreign trade and international economic cooperation, we spared no effort in stabilizing the foreign trade sector while improving its quality of development. Focusing on business links related to imports and exports, major players in the foreign trade sector as well as the industrial and supply chains, we optimized the allocation of credit resources, and came up with new financial products and services such as Shui Bao Rong and Dian Shang Dai to help relief the burdens of foreign trade companies. We tapped into the potential of trade cooperation among countries along the Belt and Road, with a large number of key projects, such as the China-Europe Railway Express, the Belgrade-Budapest Railway and the Ivory Coast Vocational Training School, bringing benefits to local economic development and people’s livelihood.

In 2022, the Bank performed its duty of delivering financial support to key areas and weak links, endeavoring to help ensure China’s high-quality economic and social development. We contributed to achieving carbon neutrality and peaking carbon emission, improved the policy framework in the green development sector, and responded to companies’ needs for financing in energy transition and industrial upgrading. All these have made green a defining feature of development. To scale up inclusive finance, we combined lending with onlending services, and continued to lower the cost of financing for companies at the end of the industrial chain. In so doing, we provided foreign trade companies with policy-based financing in a targeted manner, and offered timely help to micro, small and medium-sized companies.       

The hardship of a job is only known to people who have done it themselves. All feats did not come easily. What we have done in 2022 was made possible by the strong leadership of the CPC Central Committee and the State Council, as well as the sturdy support from competent government departments, directors, and the Bank’s Discipline and Supervision Office. All the staff of the Bank have overcome obstacles and made strenuous efforts on their way forward. Every time when each of us roll up our sleeves and work harder, we are contributing our part to realizing the glorious dreams of the new era. Every time when each of us toil away at work, we are steadily steering the Bank toward a bright future. Going forward, in the face of various risks and challenges, we will build on the momentum and strive to open up a new chapter in the reform and development of the Bank.     

The year 2023 will be the first year for us to fully implement the guiding principles of the 20th National Congress of the CPC. China Eximbank, guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, will implement the guiding principles of the 20th National Congress of the CPC on all fronts, and take solid steps to press ahead with the Chinese path to modernization. We will act on the general principle of pursuing progress while maintaining stability, implement the new vision for development in a holistic and accurate manner, accelerate the fostering of a new development pattern, and make every effort to promote high-quality development with increased financial support delivered to major projects in line with the country’s development strategy. Propelled by a high sense of responsibility, we will press on the high-quality development of the Bank through vigorous and determined endeavor, making our due contribution to the building of a modern socialist country in all respects.

As 2023 is approaching, we wish you all a happy New Year with good health and every success at work. May all your wishes come true!

Wu Fulin, Chairman of the Export-Import of China

Ren Shengjun, President of the Export-Import of China