| Export Seller's Credit for High- and New-tech Products
(the Loan) refers to the loans, denominated either in Renminbi or
foreign currencies, provided by the Bank to Chinese enterprises for
financing their export of high- and new-tech products excluding ships,
complete sets of equipment and etc.
Prospective Borrowers
Prospective borrowers of the Loan include Chinese enterprises that
are
- Registered with the regional Administration of Industry and
Commerce and or its local offices;
- Accredited with independent legal person status; and
- Authorized to export high- and new-tech products.
Qualifications for Loan Application
1. The borrower should demonstrate fine management and operation,
have a sound financial position and a favorable credit standing,
and should be capable of repaying the principal and interest incurred;
2. The products to be exported shall be entries on the Export List
of High- and New-Tech Products and the List of High- and New-tech
Products promulgated by the central government of China, or products
confirmed as such by competent government authorities;
3. The annual export volume of the high- and new-tech products of
the borrower should amount to USD 3 million and above, or USD 1
million in the case of software products;
4. In the case of a software exporter, the borrower should demonstrate
powerful research and product development capacities, having obtained
either CMM Level 2 or above certificate or GB/T19000-ISO9000 quality
assurance certificate;
5.A repayment guarantee acceptable to the Bank; and
6. Other requirement that the Bank deems to be of necessity.
Documents and Materials Required for Loan Application
Documents and materials required for applying to the Bank for the
Loan include:
1. Loan application;
2. The borrower's export license, profile statements of both the
borrower and the guarantor, a copy of the business license of the
borrower having passed the annual examination, audited financial
statements of the past three years and audited financial statements
of the recent period of the current year, and other documents that
demonstrate the credit standings and the operations of both the
borrower and the guarantor;
3. Statements and reports covering the export of high- and new-tech
products in the past three years by the borrower, export plans for
the current year, and export contracts signed;
4. Letter of intent for repayment guarantee, or in case of mortgage
or pledge, valid certificates of ownership of the property under
mortgage or pledge and evaluation reports thereof; and
5. Other relevant documents demanded by the Bank.
|
Brief
Introduction
