Photo taken on May 1, 2022 shows a container vessel docking at the Qianwan Container Terminal in Qingdao, east China's Shandong Province. (Xinhua/Li Ziheng)
BEIJING, May 25 (Xinhua) -- Chinese policy lender the Export-Import Bank of China (China Eximbank) issued on May 20 a batch of specifically-themed bonds on the interbank bond market to help boost stable growth and quality improvement of China's foreign trade.
China Eximbank sold in total three billion yuan of the 1-year foreign trade growth aiding and quality improvement-themed bonds at 1.7762 percent yield.
Being welcomed by market players, the batch of bonds was actively subscribed and the issuing yield was 25 basis points lower than the yield of comparable products of the period.
Proceeds from the issues will be used to support financing to import- and export-related foreign trade businesses by the bank.
Apart from these, China Eximbank also innovated ways of aiding small- and micro-sized foreign trade enterprises with the tailored on-lending services for these market entities.
By providing relatively low cost capital to and sharing risks with its bank partners, the Chinese policy bank precisely supports small- and micro-sized businesses with funds with favorable interest rates.
China Eximbank is a state-owned policy bank dedicated to supporting China's foreign trade, investment and international economic cooperation. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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