Institution details
The Export-Import Bank of China (China EXIM) (China Eximbank)
Key facts
- Established in 1994
- Ownership: Public
- No. 30, FuXingMenNeiStreet, XiCheng District
- (010)83579988
- http://english.eximbank.gov.cn/
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | A+ |
Country rating | S&P | Local currency | A+ |
Products
- Buyer credits
- Supplier credits
- Fixed asset import credit
- Working capital import credit
- Preferential facilities
- On-lending business
- Trade finance
- Loans for Supporting Greater Openness
Buyer credits
Credits to foreign parties importing Chinese products, technology, and services. Eligible recipients: Foreign financial institutions, ministries of finance, host country authorized institutions, foreign companies, and ship owners. Eligibility for buyers:
- Host country has a stable economic and political environment, and is creditworthy
- Borrowers are creditworthy
- Exported goods and services comply with Chinese regulations and rules
Supplier credits
Available to Chinese exporters. Tenor: Less than 5 years. Eligible goods and services:
- Shipping: Export of ships, repair and modification of foreign ships, ship technology and parts (not available to entities from Hong Kong, Macau, and Taiwan)
- Equipment: Export of equipment and technical services
- New and hi-tech products (e.g., software, intellectual property)
- Mechanical and electronic products
- Offshore project contracting
- Outbound investment credit
- Agricultural exports
- Cultural products and services exporting for registered entities
Fixed asset import credit
Funding available to Chinese companies that import capital goods and in support of construction projects. Tenor: 2–3 years
Working capital import credit
Financing for the import of resources, energy, raw materials, spare parts, and semi-finished or finished products used for daily production of products. Tenor: 2–3 years
Preferential facilities
Provides official aid to developing countries. Two Chinese government funded programs:
- Concessional loans to borrowing countries’ governments
- Preferential buyer credits to a foreign buyer (needs government approval)
On-lending business
China EXIM is the official in-country lender for preferential and mixed loans from foreign governments and financial institutions to the Chinese government. A mixed loan means the loan is the combination of the preferential loan from foreign governments and the export credit or credit from foreign banks
Recipients: Legal entities in China
Proceeds: Business contracts of projects, equipment, technology, and services under consultation contracts
Trade finance
International settlement: L/C services and support.
Exchange settlement: Sale and purchase of spot foreign currencies against the CNY, sale and purchase of forward foreign currencies against the CNY, CNY swap, and foreign exchange swap
Letters of Guarantee: Provision of broad range of guarantees in support of Chinese exporters of goods and services
Loans for Supporting Greater Openness
Provides domestic enterprise with the local- and foreign currency loans to support China’s opening-up, promoting transformation and upgrading, realizing gradient transfer of processing trade, and undertaking infrastructure construction. Eligibility:
- Borrowers comply with the laws and regulations of China
- The borrower’s credit rating shall be BB (inclusive) if the Bank’s existing measures are adopted; can be relaxed to B if full guarantee from banks or strategic customers
- Other examination, approval, recommendations or filing formalities for the proposed investment projects may be needed
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Insurance | Short/medium/long-term | Comprehensive | 90% |
Performance highlights
What's new?
- In December 2020, China Eximbank issued a financial bond through its first flexible bidding at Shanghai Clearing House to support the innovative industry in Lingang Special Area.
- In November 2020, China Eximbank signed master participation agreement for trade transactions with Landesbank Baden-Wurttemberg.
- In November 2020, China Eximbank signed an MOU with the Black Sea Trade and Development Bank.
- In February 2020, China Eximbank issued a RMB 4 Billion bond for supporting enterprises in COVID-19 control and resumption of work and production.