Major Projects (Enter)

 


  Export Seller’s Credit is the leading business service provided by China Eximbank, and there are six different types under this credit, i.e., Export Seller's Credit for Equipment, Export Seller's Credit for Ships, Loan to Overseas Construction Contract, Loan to Overseas Investment Project, Export Seller's Credit for High- and New-tech Products, and Export Seller's Credit for Ordinary Mechanical & Electronic Products. Over the 10 years since its establishment, China Eximbank has maintained an average annual growth of 47.5% in its disbursement of Export Seller’s Credit, which is much higher than the average growth rate at 24.5% of the export of mechanical and electronic products and high- and new-tech products over the same period of the country. The Bank has approved in accumulation credit worth RMB 290.6 billion and disbursed loans totaling RMB 263 billion, playing a significant role in helping the export of Chinese mechanical and electronic products rise to take up 51.9% of the total export of China in 2003 as compared to that of 24.7% in 1993.
  China Eximbank has provided strong policy financial support for the export of Chinese ship vessels. More than 90% of the ships exported are financed by the loans provided by the Bank. By the end of 2003, the Bank had provided credit totaling RMB 65.5 billion, supported the export of 976 ship vessels with a total tonnage of 25,150,000 TWT. This service has encouraged the Chinese shipyards and the upstream industries to improve their manufacturing capacity and technological skills, and helped create a large number of job opportunities for the related industries, making great contribution to the achievement made by Chinese shipbuilding industries in their efforts of remaining ranked No. 3 in terms of the ship vessel export in the global ship export for a number of consecutive years and hence growing into an important force in the world shipbuilding market.

  Over the recent years, while lending strong support to the export of Chinese electronic and mechanic products and high- and new-tech products, China Eximbank has also been active in carrying out the national strategy of “going global”, directing its business development toward financing Chinese “going global” projects in such fields as overseas construction contracts, overseas investment, cooperation on resource exploration and etc. so as to support Chinese companies in their efforts of going abroad for transnational operations. By the end of 2003, the Bank had supported 441 overseas construction contracts with a total loan amount of RMB 77.6 billion and 87 overseas investment projects with a total loan amount of RMB 15.9 billion, which had greatly pushed forward the implementation of the national “going global” strategy.
  Export Buyer’s Credit is another important service under the Export Credit facility provided by China Eximbank. While focusing on implementing the inter-government projects, the Bank has made active efforts in business renovation, opening such new business services as mixed loans, ship financing and international syndicated loans, lending strong support to the export of both large-size complete set of equipment and ships.
  Similar to Export Credit, International Guarantee is another common policy financial instrument applied by many countries to promote their exports. During the recent years, China Eximbank has been taking positive measures to improve its services, which has gained fast growth in its international guarantee and provided vigorous backup to Chinese companies in their efforts of winning international contracts in hot competitions in world markets and maintaining a smooth implementation of contract.
  Chinese Government Concessional Loan refers to medium and long-term low interest loans provided by Chinese Government to other developing countries. This is a loan bearing the nature of foreign aid assistance. Since being entrusted with this business in 1995, China Eximbank has taken concerted efforts to develop and expand this business continuously through various exploration and business renovation. With its growth resulting in promoting the economic and social development of the recipient countries, this business is widely welcomed by the recipient governments and hence has strengthened the economic and trade cooperation between China and the recipient developing countries.
  Onlending of Foreign Government Loan is a service provided by China Eximbank to utilize the loans provided by foreign governments in accordance with the overall requirement of making an active, reasonable and effective utilization of foreign funds to finance the key sectors of national importance such as transportation, energy, city construction, post and telecommunication, agriculture and forestation, irrigation works, environmental protection by an effective combination of utilizing foreign funds with adjusting domestic economic structure and restructuring SOEs. These measures have played positive role in expanding the domestic demands and implementing the national strategy of “developing the west.”



     


  


  

  




Major Projects (Enter)