The Export-Import Bank of China (China Exim Bank) will ramp up financial support for high-quality foreign trade and investment, as the country plans to continue expanding openness, promoting the innovative development of trade, and creating greater space for two-way investment cooperation in the next five years.
Wang Chunying, the bank's governor, said the bank will increase resource allocation to better serve export-oriented, private, and small- and micro-sized enterprises.
"We will provide higher-quality financial services to export-oriented enterprises, private businesses, and small and micro-sized firms. At the same time, we will actively expand trade of intermediate goods, green trade, services trade, and digital trade. We will also support the development of new business models such as cross-border e-commerce, so as to continuously stimulate new drivers of foreign trade growth," said Wang.
China adopted the recommendations for formulating the 15th Five-Year Plan for national economic and social development at the fourth plenary session of the 20th Central Committee of the Communist Party of China. According to the document, China will promote the integrated development of trade and investment and guide the overseas distribution of industrial and supply chains in a rational, orderly manner.
The plan not only sets the direction for China's opening-up in the next five years, but also places higher demands on policy-based finance.
"We will play the role of policy banks, which serve as 'the patient capital', and increase medium- and long-term loans to support the upgrading of traditional industries, the growth of emerging industries, and the layout of future industries. We will also increase financial support for major sci-tech innovation projects, especially in areas such as machine tools, high-end instruments, advanced materials, and bio-manufacturing. We will provide customized financial services to support breakthroughs in critical technologies, industrial innovation, and the commercialization of research outcomes," said Wang.
The governor also said that the bank will facilitate high-quality Belt and Road cooperation, which is still a priority for China in the 2026-2030 period. "We will strengthen communication with countries participating in the Belt and Road Initiative, expanding cooperation in digital, green, and health sectors. And we will leverage equity investment and other specialized services to promote the integrated development of trade and investment," she said.
China Exim Bank vows to boost financial support for high-quality foreign trade
