China Exim Bank loans US$64.8 billion in H1

Number of export projects funded rises 49% year-on-year.

The Export-Import Bank of China, the official credit agency to finance the export of Chinese goods and services, in the first six months approved on-balance-sheet loans totaling US$358 million and signed loan contracts valued at US$452 million.

In the same period, export products and projects with a total value of US$ 151.9 billion received funding from the bank, up 49% year on year, the data show.

Governor Li Ruogu said the bank will direct more credit support to industries that are key to China's economic restructuring.

In June, China Exim Bank’s total assets reached about US$316 billion, with the loan balance of its on-balance-sheet lending standing at US$225 billion.

The bank's mandate is to facilitate the export and import of Chinese mechanical and electronic products, complete sets of equipment and new- and high-tech products, assist Chinese companies with comparative advantages in their offshore project contracting and outbound investment, and promote international economic cooperation and trade.

Also Read

Tighter policies drag South Korean household loan growth in September

SME loans in Taiwan rose in August

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit