The Export-Import Bank of China (China EximBank) has recently unveiled a plan outlining 16 specific measures aimed at strengthening financial support for private enterprises involved in foreign trade, the Belt and Road Initiative, and the development of new quality productive forces.
According to the newly released "Special Plan for Cultivating Private Enterprises in International Trade and Economic Cooperation and New competitive Advantages", the policy bank will focus on addressing the financing needs of private enterprises across various foreign trade scenarios and throughout the entire supply chain.
The bank will prioritize the support of new foreign trade models, such as cross-border e-commerce, overseas warehouses, and integrated foreign trade service platforms, helping private enterprises expand their trade in intermediate goods.
Additionally, the bank will encourage private enterprises to expand cross-border industrial chains in an orderly and rational manner, participate in the construction of overseas trade and economic cooperation parks. It will also support "Little Giants" (small but highly specialized private firms) and specialized manufacturers in exploring international markets.
Moreover, the banks will help them foster deeper global cooperation in manufacturing, technological research and development, and other key areas, enabling private enterprises to access new quality productive forces.
China Exim Bank intensifies support for private enterprises in international trade
