Home> Industry Information> The provincial branch of the Export-Import Bank set up a special quota of 24 billion yuan to support stable foreign trade

The provincial branch of the Export-Import Bank set up a special quota of 24 billion yuan to support stable foreign trade

August 29, 2022

On August 27, it was learned from the Hubei Branch of the Export-Import Bank that the bank recently signed a strategic cooperation agreement with the Provincial Department of Commerce to set up a special loan quota of 24 billion yuan to support the development of the foreign trade field, and to provide "financing + intelligence" comprehensive services for key enterprises. Help enterprises enhance their ability to deal with foreign exchange business risks.
The Export-Import Bank Hubei Branch and the Provincial Department of Commerce focused on building a new development pattern, insisted on coordinating epidemic prevention and control and economic and social development, deepened multi-level cooperation in key areas, and supported Hubei's open economy construction in an all-round way. In the first half of this year, the bank stepped up efforts to expand credit provision in an all-round way, with a total of nearly 44 billion yuan in domestic and foreign currency loans, a year-on-year increase of 37%, and the scale of domestic and foreign currency loans exceeded 140 billion yuan, an increase of 8.8%. Among them, the balance of foreign trade industry loans was nearly 75 billion yuan, and the annual plan was completed ahead of schedule.
The relevant person in charge of the Hubei Branch of the Export-Import Bank said that the next step will be to thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council on stabilizing the macroeconomic market and assisting enterprises in bailouts, and effectively give play to the role of policy-based financial counter-cyclical and cross-cyclical adjustment. At the same time, it will promote the stability and improvement of foreign trade, and help the high-quality development of Hubei's economy.

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