The Export-Import Bank of China, a state export credit agency under the direct leadership of the State Council, saw fast growth in its all businesses in 2004. Bank loans for exports took up over 40% of the total.
Yang Zilin, governor of China EXIM Bank, revealed that export seller's credit exceeded CNY100 billion in 2004, fulfilling targets for the “tenth-five” plan one year earlier. Structure of the bank loans also improved in the year. The bank also strengthened support for exports. Loans for export accounted for over 40%.
According to Yang, the bank approved CNY98.5 billion of loans of many kinds, and granted loans of CNY69.3 billion, respectively rising 50.0% and 10.4% over 2003. Loans for the bank's own business amounted to CNY125.3 billion, an increase of 20.5% compared with that of 2003.
