General

A number of rescue policies and measures were introduced in time, foreign trade loans were accelerated, and a comprehensive financial plan was formulated... Since this year, the Export Import Bank of China has played a role in policy based finance as a complement and cross cycle adjustment, and continued to increase credit support in the field of foreign trade.

As of the end of September this year, the loan balance of the Export Import Bank of China (hereinafter referred to as the "Export Import Bank") in the foreign trade industry was 2.83 trillion yuan, up 20.07% year on year; From January to September, a total of 1.5 trillion yuan of foreign trade industry loans were granted, up 29.83% year on year.

Promptly introduced a number of rescue policies and measures, increased the speed of foreign trade loans, and formulated a comprehensive financial plan... Since this year, the Export Import Bank has played a role in policy based finance to remedy weaknesses and cross cycle adjustment, and continued to increase credit support in the field of foreign trade.

Enrich service means and vigorously support import

"Recently, substantial fluctuations in commodity prices have had an impact on the import business of international trade enterprises." The financial director of Wuhan Financial Holding Modern Supply Chain Management Co., Ltd. said, "Thanks to the help of the Export Import Bank, it not only solved the financial pressure for international trade enterprises, but also won the first opportunity for us to explore the international market." In order to optimize the import and export structure, the Hubei Branch of the Export Import Bank provides a variety of financial services for foreign trade supply chain enterprises such as Wuhan Financial Holding Co., Ltd., and helps to ensure the supply and price stability of bulk commodities and the stability of the industrial chain supply chain.

In November 2021, the Export Import Bank will hold a signing ceremony to support import financing at the 4th Import Expo. Through signing the contract, the Export Import Bank has more services to meet the import financing needs of international trade enterprises. In addition, the Export Import Bank provides financing support for African enterprises' export of agricultural products and handicrafts to China by establishing special import support quotas, opening up diversified import channels, and taking multiple measures to help smooth domestic circulation and promote domestic and international double circulation.

The Export Import Bank firmly supports imports, shares China's market opportunities with the world, and promotes the development of international trade. By the end of September this year, the import credit balance of the Export Import Bank had reached 720 billion yuan, which strongly supported the import of key technologies, equipment and domestic products in short supply, and played a positive role in maintaining balance of international payments and stable and healthy economic development.

"The Export Import Bank will continue to give play to its distinctive advantages, make full use of the radiation effect of the Expo, deepen cooperation, stimulate import potential and promote high-quality trade development." Wu Fulin, Party Secretary and Chairman of the Export Import Bank, said.

Focus on financial needs and launch special programs

"The cross-border trade finance business of the Export Import Bank not only helps international trade enterprises enjoy tariff preferences, but also saves a lot of time costs for enterprises and improves the efficiency of capital settlement." Said Wu Yaqiang, president of Fujian Quanzhou Jiasheng Supply Chain Co., Ltd.

Not long ago, the Fujian Branch of the Export Import Bank of China assisted Jiasheng Company in handling the foreign exchange collection and settlement business under the certificate of origin under the Regional Comprehensive Economic Partnership Agreement through the "Yihui Global" financial service program, providing convenient services and effective guarantees for enterprises to participate in cross-border trade.

"Yihui Global" is the financial service plan launched by the Export Import Bank of China at the Import Expo in 2021. Through upgrading the four major sectors of science and technology finance, cross-border finance, innovative services and domestic trade financing, this plan will embed financial products and services into the trade scene, combine more than 30 kinds of products, such as import letters of credit and import credit, and promote the smooth development of the industrial chain supply chain with the support system of point, line and area.

As of the end of September this year, the Export Import Bank has supported more than 200 enterprises relying on the "Easy Global", with a business amount of more than 80 billion yuan, involving 35 countries and regions such as Singapore, Indonesia and Germany, and driving the import and export volume of more than 50 billion dollars.

Adhere to high quality and efficiency, and provide service guarantee

Build exclusive financial service scheme, allocate special import quota, hold financing signing ceremony, participate in local procurement group activities... At previous import expositions, the Export Import Bank took an active role in supporting the development of import and export trade and serving the opening up.

At the site of the 4th China Export Import Expo in 2021, people came and went in front of the comprehensive service area set up by the Export Import Bank. Many enterprise customers and exhibitors came here for on-site consultation and help.

The "one-stop" comprehensive service area is the bright name card of the Export Import Bank at the Import Expo. Since the first ICIF, the Export Import Bank has actively settled in the on-site comprehensive service area of the ICIF and provided high-quality and efficient financial support relying on the service points. During the exhibition, the Export Import Bank also set up a business and policy consulting desk to provide financial products, service processes, demand docking and other information consulting services for various needs of domestic and foreign exhibitors and buyers.

The annual "time to enter the Expo" is about to open, and exhibitors from all over the world will gather in Shanghai again. At present, the Export Import Bank is actively preparing to participate in the work of the 5th China International Fair, making every effort to ensure financial services, and helping to amplify the spillover effect of China International Fair. "As a policy based financial institution supporting the development of international trade import and export, it is the specialty of the Export Import Bank to provide supporting financial services for the Expo." The relevant person in charge of the Export Import Bank said.