Issue 2_The Export-Import Bank of China

News

Issue 2

Policy-Based Financial Support for the Development of Digital Economy

CHEN Bin

　　In 2025, the global digital economy saw major breakthroughs in cutting-edge fields such as AI agents, computing infrastructure, and physical intelligence. Amid external pressures, China’s digital economy forged a unique path driven by the dual engines of “hard-tech breakthroughs” and “application-layer innovation”. The growth and expansion of the digital economy industry rely on the support of financial resources, and policy-based finance facilitates the development of digital economy through full-cycle support. Looking ahead to the 15th Five Year Plan period, the Export-Import Bank of China will better play its policy-based financial functions to precisely serve high-level scientific and technological self-reliance as well as the export-oriented development of the digital economy. For details, please refer to page 3-6 of Issue 2 of Overseas Investment & Export Credits, 2026.
　　

Steadily Promoting High-Level Two-Way Financial Opening-Up

HE Xinru

　　In recent years, China has achieved phased progress in high-level financial opening-up. Based on the significance of expanding two-way financial opening-up, this article systematically reviews the accomplishments to date, analyzes the multiple challenges in further promoting two-way financial opening-up, and proposes a deepening pathway from four dimensions, namely institutional opening-up as a leading force, innovation in key areas, capacity building of market entities, and risk governance enhancement. The article aims to provide a reference for advancing high-level two-way financial opening-up and building China into a financial powerhouse. For details, please refer to page 7-12 of Issue 2 of Overseas Investment & Export Credits, 2026.
　　

Significance, Challenges, and Overall Framework for Steadily Promoting Institutional Opening-Up During the 15th Five-Year Plan Period

CAI Zhibing and WU Rui

　　The 15th Five-Year Plan period is a critical stage for China to basically achieve socialist modernization. As a key task in pursuing high-standard opening-up, the effectiveness of institutional opening-up directly determines the quality of high-level opening-up. Starting from the significance of institutional opening-up, this article systematically analyzes the prominent challenges China currently faces in this area, such as insufficient alignment with international rules, imbalanced regional opening-up, intensifying competition in international rule-making, and shortcomings in the risk prevention and control system. Targeted policy recommendations are proposed accordingly, aiming to provide practical guidance for leveraging institutional opening-up to lead high-level opening-up during the 15th Five-Year Plan period. For details, please refer to page 13-16 of Issue 2 of Overseas Investment & Export Credits, 2026.
　　

Disclaimer: The articles in this section solely represent the personal views of the author and are not related to the positions of the Export-Import Bank of China.

A Brief Analysis of Islamic Bonds and Recommendations for Chinese Financial Institutions

XU Jingtong and ZHANG Bo

　　Islamic bonds are playing an increasingly important role in the global financial system. This article introduces the basic concepts and analyzes the overall development of the market of Islamic bonds. It then compares the development of Islamic bond markets in key countries and China, elaborates on the challenges and offers recommendations for Chinese financial institutions’ engagement. For details, please refer to page 27-32 of Issue 2 of Overseas Investment & Export Credits, 2026.
　　

Collaboration between Multilateral Financial Institutions and Policy-based Financial Institutions

GUO Hongyu

　　As emerging and developing economies demonstrate stronger growth and influence, the collaboration model between multilateral financial institutions and policy-based financial institutions has undergone a significant shift. In the past, multilateral financial institutions focused on raising capital, while policy-based financial institutions concentrated on disbursement. Today, the model has evolved toward joint financing and coordinated cooperation. Policy-based financial institutions need to improve project planning, strengthen risk control, and optimize capital allocation to better collaborate with multilateral financial institutions. For details, please refer to page 33-34 of Issue 2 of Overseas Investment & Export Credits, 2026.
　　

Insights and Recommendations for Policy-based Financial Support for Overseas Park Development

JI Chun and LU Sizong

　　Overseas industrial parks have evolved in tandem with economic globalization and the “going global” endeavor of Chinese enterprises. In recent years, as the global economic landscape has undergone deep restructuring, overseas industrial parks have emerged as an important vehicle for China to expand high-level opening-up and for Chinese enterprises to improve their global layout. This article analyzes the overall situation of overseas industrial parks of China, summarizes the experience of policy-based financing for overseas industrial parks, and explores the pathways for policy-based financing to facilitate high-quality development of overseas industrial parks. For more details, please refer to page 35-38 of the second issue of Overseas Investment and Export Credits in 2026.
　　

Disclaimer: The articles in this section solely represent the personal views of the author and are not related to the positions of the Export-Import Bank of China.

Research on Financing Models of Sub-sovereign Local Governments in Latin America

XING Yiqiao

　　As sub-national governments in Latin American countries enjoy a relatively high degree of fiscal independence, sub-sovereign financing based on sub-national budgetary commitments has gradually become the dominant model in some of these countries. This article reviews the borrowing constraints and loan application procedures in some of the sub-national governments in Latin America, analyzes the practice of sub-sovereign financing within their current fiscal framework, and provides insights for banks in China to develop their business in the Latin American market. For more details, please refer to page 39-42 of Issue 2 of Overseas Investment and Export Credits in 2026.
　　

Green Certificate Trading: Theory and Case Studies

FENG Haiqing and TONG Gang

　　Drawing on the concept and classification of green certificate, this article takes Large-scale Generation Certificate (LGC) in Australia as an example of domestic mandatory green certificates and International Renewable Energy Certificate (I-REC) as an example of international voluntary green certificates, and analyzes the trading mechanisms and price forecasts of green certificates. Focusing on practical cases, the article introduces the application of the two representative green certificates, and offers suggestions for Chinese enterprises going global to participate in green certificate trading. For more details, please refer to page 43-48 of Issue 2 of Overseas Investment and Export Credits in 2026.
　　

Disclaimer: The articles in this section solely represent the personal views of the author and are not related to the positions of the Export-Import Bank of China.