Latest News:  

English>>Business

China Exim Bank issues 400 bln yuan loans in H1

(Xinhua)

13:52, July 06, 2013

BEIJING, July 6 (Xinhua) -- The Export-Import (Exim) Bank of China, the official credit agency to finance the export of Chinese goods and services, said Saturday that it extended 400.3 billion yuan (64.8 billion U.S. dollars) of credit in the first half of this year.

In the first six months, the state bank approved on-balance-sheet loans totaling 408.5 billion yuan and signed loan contracts valued at 516.7 billion yuan, according to data released at the bank's work conference.

In the same period, export products and projects with a total value of 151.9 billion U.S. dollars received funding from the bank, up 49 percent year on year, the data show.

The bank will direct more credit support to industries that are key to China's economic restructuring, according to the bank's governor, Li Ruogu.

By the end of June, Exim Bank of China's total assets reached about 1.94 trillion yuan, with the loan balance of its on-balance-sheet lending standing at 1.38 trillion yuan, according to the bank.

We Recommend:

Chinese investors' happiness and sadness

Top 10 luxury villas of China in 2013

Soft gold -- gambiered Guangdong silk

China's 1st intelligent
high-speed train tested

Glamorous models pose at Shenyang auto show

Top 10 cities where home prices are set to soar

High-end singles party attracts swarm of girls

Beijing's taxicabs in 30 years

12th Int'l Automobile Industry Expo kicks off

Email|Print|Comments(Editor:DuMingming、Zhang Qian)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Special operation members in training

  2. Chinese fleet conducts confrontation training in Sea of Japan

  3. Statue of Liberty reopens to public

  4. To be cool in the summer

  5. Mature couples relive their wedding day

  6. Photo story:
    Teaching diary

  7. Coolest weekly sports photos

  8. “Tiny Times” for Fashion Weekly

  9. Dazzling gems shine at Beijing jewelry show

  10. McLaren supercar targeting China market

Most Popular

Opinions

  1. Witnesses' account of Xinjiang terror attacks
  2. Alipay, should banks worry?
  3. Chinese visitor spending brings changes to NZ
  4. Transparency urged in China's college enrollment
  5. Nokia deal will not affect business in China
  6. Obama trying to get foothold in Africa
  7. CIC needs to recruit global talent: analysts
  8. China to strengthen ties with Uganda
  9. Hot weather brings wave of health problems
  10. Wealthy individuals 'see education as asset'

What’s happening in China

People enjoy time at old teahouse in Kashgar, NW China's Xinjiang

  1. Taxi booking apps that allow tips banned
  2. 3 missing in NE China bridge collapse
  3. Xinjiang Muslims observe Jumah prayer
  4. SW China landslide buries nine
  5. Passenger detained over bomb hoax in NE China