The Export-Import Bank of China (CEXIM) on Tuesday unveiled a package of measures to strengthen financial support for the Hainan Free Trade Port.
According to its plan, the bank will expand financing support for sci-tech parks and high-tech enterprises in Hainan, and increase the number of supported projects. Funding will target sectors such as high-end equipment, bio-manufacturing, the low-altitude economy, and aircraft and ship leasing, to help build a modern industrial system with local characteristics.
The bank will also step up support for trade and investment activities related to the free trade port. Efforts will focus on boosting intermediate goods trade, services trade and digital trade, while fostering new business models including cross-border e-commerce, overseas warehouses and offshore trade.
In addition, CEXIM will promote cooperation with ASEAN countries in areas such as tropical agriculture and green energy, encourage the cross-border use of the renminbi, and support high-quality Belt and Road cooperation.
The plan also calls for stronger coordination between Hainan and other major regions, including the Guangdong-Hong Kong-Macao Greater Bay Area, the Beijing-Tianjin-Hebei region and the Yangtze River Delta. The bank will also support foreign trade infrastructure construction, and promote connectivity between the Free Trade Port and markets at home and abroad.
Export-Import Bank of China unveils financial support measures for Hainan FTP
