Export-Import Bank of China: Supporting private enterprises to lay out the industrial chain in an orderly and reasonable manner across borders to participate in the construction of overseas economic and trade cooperation parks

The Zhitong Finance App learned that recently, the Export-Import Bank of China issued a “Special Plan on Cultivating New Advantages in International Economic and Trade Cooperation and Competition for Private Enterprises”. According to the “Special Plan”, the Export-Import Bank will actively meet the multi-scenario and full-chain financing needs of private enterprises, focusing on supporting the development of new forms and models of foreign trade, such as cross-border e-commerce, overseas warehouses, and integrated foreign trade service platforms, to help private enterprises expand trade in intermediates. Enrich financial service scenarios, support private enterprises to lay out the industrial chain across borders in an orderly and rational manner, participate in the construction of overseas economic and trade cooperation parks, and achieve the transition from “going out” to “going in”. Optimize the allocation of financial resources, support high-quality innovators such as “little giants” and individual champions in the manufacturing industry to explore overseas markets, deepen cooperation in manufacturing, scientific and technological research and development on a global scale, and obtain new productivity elements.

The original text is as follows:

The Export-Import Bank introduced a special plan to cultivate new advantages in international economic and trade cooperation and competition for private enterprises

In order to implement the spirit of General Secretary Xi Jinping's important speech at the private enterprise symposium and the relevant decisions and arrangements of the Party Central Committee and the State Council, the Export-Import Bank recently issued the “Special Plan on Cultivating New International Economic and Trade Cooperation and Competitive Advantages of Private Enterprises” (hereinafter referred to as the “Special Plan”) to help private enterprises carry out foreign trade and participate in international economic and trade cooperation through practical actions.

The introduction of the “Special Plan” is an important step for the Export-Import Bank to cultivate new advantages for private enterprises to participate in international economic and trade cooperation and competition in response to the new situation, tasks, and new requirements of the private economy based on its functional positioning. The “Special Plan” introduces 16 specific measures focusing on three areas, including increasing support, coordinating development and security, and strengthening implementation and security, to further strengthen financial support for private enterprises to carry out foreign trade, “go global”, participate in the joint construction of the Belt and Road Initiative, and develop new quality productivity.

According to the “Special Plan”, the Export-Import Bank will actively meet the multi-scenario and full-chain financing needs of private enterprises, focusing on supporting the development of new forms and models of foreign trade, such as cross-border e-commerce, overseas warehouses, and integrated foreign trade service platforms, to help private enterprises expand trade in intermediates. Enrich financial service scenarios, support private enterprises to lay out the industrial chain across borders in an orderly and rational manner, participate in the construction of overseas economic and trade cooperation parks, and achieve the transition from “going out” to “going in”. Optimize the allocation of financial resources, support high-quality innovators such as “little giants” and individual champions in the manufacturing industry to explore overseas markets, deepen cooperation in manufacturing, scientific and technological research and development on a global scale, and obtain new productivity elements.

The “Special Plan” also lays out arrangements for improving the efficiency of the use of thematic financial bonds, optimizing products and services, and strengthening bank-government cooperation.

This article was selected from the WeChat account “Export-Import Bank”, Zhitong Finance Editor: Xu Wenqiang.