English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping
English websites of Chinese embassies

Home >> Business
UPDATED: 15:40, October 31, 2006
Chinese bank's loans to ASEAN amount to 50 billion RMB
font size    

The loans provided by the Export-Import Bank of China to the Association of Southeast Asian Nations (ASEAN) have amounted to more than 50 billion RMB (6.3 billion U.S. dollars) over the past 12 years, the bank's president said on Tuesday.

The loans have funded projects ranging from power plant in Indonesia, shipbuilding and sugar factories in Vietnam, and texture factory in Thailand, as well more than 30 projects in Singapore, Li Ruogu told reporters after the opening ceremony of the third China-ASEAN Business and Investment Summit held in Nanning, capital of China's Guangxi Zhuang Autonomous Region.

Since its founding in 1994, the state-owned Export-Import Bank of China has become a key channel of policy financing for China's mechanic, electronic and high-tech exporters. It has also funded Chinese companies for their overseas investment projects.

In recent years, the bank, with total assets of more than 350 billion RMB (44.4 billion dollars), has provided substantial financial assistance to some Chinese enterprises and helped them increase investments in ASEAN countries.

Source: Xinhua

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved