CCTV News: Industrial and Commercial Bank of China, Bank of China and other financial institutions have recently introduced new measures to increase financial support for foreign trade enterprises. The People's Bank of China, the State Administration of Foreign Exchange and other departments have also stated that they will optimize policy arrangements and reduce the fund settlement costs of foreign trade enterprises.
On the 26th, Industrial and Commercial Bank of China announced that it would introduce a number of measures to better support new foreign trade formats, including the establishment of a special credit of 300 billion yuan; adapting to the characteristics of new business formats such as "small amount, high frequency, massive amount", innovating loan products, providing preferential loan interest rates, etc., to help enterprises expand the global market.
Bank of China, Bank of Communications and other banks have also recently issued new measures. Bank of China proposed to strengthen credit support and guarantee for foreign trade enterprises and strive to provide international trade settlements of more than US$1.7 trillion in 2025. The Export-Import Bank of China will support the construction of overseas parks, trade in intermediate products, and export of large-scale complete equipment, and promote the development of service trade, digital trade, green trade, etc.
The People's Bank of China, the State Administration of Foreign Exchange, etc. stated that it will continue to facilitate cross-border trade investment and financing.
It is understood that since this year, many banks have continued to increase their support for the foreign trade field. In January, the Export-Import Bank of China issued 180 billion yuan in foreign trade industry loans, an increase of 11.79% year-on-year. Bank of China's corporate international settlement business volume increased by 15% year-on-year in January, and the scale of cross-border e-commerce settlement increased by more than 25% year-on-year. The balance of import and export trade financing for China Construction Bank increased by 8.1% from the end of last year. As of February 20, the Agricultural Bank of China's balance of payments increased by 11% year-on-year.
