China EximBank issues bonds to support Belt & Road

The Export-Import Bank of China (China EximBank) has introduced financial bonds to enhance collaboration for the Belt and Road Initiative (BRI) in interbank and over-the-counter markets.

These three-year bonds, a first for the bank, will raise funds to support BRI projects.

As a policy bank that supports China’s foreign trade, investment, and international economic co-operation, China EximBank has issued 39 billion yuan ($5.47 billion) in financial bonds to enhance BRI cooperation.

In October last year, China announced the establishment of a 350-billion-yuan financing window for two Chinese policy banks, including China EximBank. An additional 80 billion yuan will be injected into the Silk Road Fund.

Attribution: Xinhua