The Export-Import Bank of China (China Exim Bank) has pledged to expand buyer's credit to improve export support for Chinese companies.
"While continuing to beef up seller's credit business, we will lose no opportunities to expand buyer's credit business,"said Yang Zilin, president of China Exim Bank.
China Exim Bank will beef up co-operation with foreign financial institutions to provide flexible financing services for both domestic and foreign companies, Yang said.
As one of the country's policy banks mainly supporting exports, China Exim Bank has always given key support to the export of machinery and electronics products, as well as high and new technology products.
Last year, the bank helped export products valued at US$131.3bn. The outstanding amount of loans by the bank reached 104bn yuan (US$12.5bn).
