At the opening ceremony of the third the Belt and Road Forum for International Cooperation, Chinese leaders announced that the Export Import Bank of China would set up a 350 billion yuan financing window. In order to implement this major political task well, the Export Import Bank of China has firmly completed the political task of the RMB 350 billion financing window by taking concrete actions, and contributed precise, efficient and pragmatic policy financial forces to the high-quality development of the "the Belt and Road".

Shaanxi Provincial Branch: Issued the Notice on Carrying out Policy based Financial Support to Jointly Build the "the Belt and Road" Related Projects

On February 1, the Shaanxi Branch of the Export Import Bank of China, together with the Shaanxi Provincial Development and Reform Commission (the the Belt and Road Leading Group Office of Shaanxi Province) and the Shaanxi Branch of the National Development Bank, jointly issued the Notice on Carrying out Policy based Financial Support to Jointly Build "the Belt and Road" Related Projects, to jointly support Shaanxi Province to better play the role of an important node of the "the Belt and Road", and ensure that the relevant policy planning and project financing work are implemented in detail.

The three parties will take the good use of RMB financing window and services to jointly build the high-quality development of the "the Belt and Road" as the starting point and destination, focus on the key support directions such as open channels, open platforms and overseas investment, build a project financing docking platform, and promote all relevant units in the province to do a good job in project declaration and docking support.

Xiamen Branch: signed the Memorandum on Better Participation in Jointly Building the "the Belt and Road" High quality Development and Jointly Promoting the Construction of Strategic Pivot Cities for Maritime Cooperation

On February 1, Xiamen Branch of the Export Import Bank of China, Xiamen Development and Reform Commission and Xiamen Branch of the National Development Bank jointly signed the Memorandum on Better Participation in Jointly Building the High Quality Development of the "the Belt and Road" and Jointly Promoting the Construction of a Strategic Pivot City for Maritime Cooperation, to work together to create a win-win model for banking and government cooperation and jointly support the high-quality development of Xiamen's export-oriented economy.

According to the Memorandum, the three parties mentioned above will leverage their respective advantages and establish a "List of Key Projects for Building Maritime Cooperation Strategic Pivot Cities" to provide policy guidance, financing support, and financial services for key enterprises and important projects.

Fujian Provincial Branch: Supporting the Implementation of Sino Saudi Joint Venture Projects

Recently, the Export Import Bank of China Fujian Branch jointly led the formation of a consortium and signed a consortium financing contract with Fujian Zhongsha Petrochemical Company for the Zhongsha Gulei 1.5 million ton ethylene and downstream deep processing joint venture project, providing strong support for the construction of the largest Sino foreign joint venture project in Fujian Province to date.

As a key project of China Saudi Arabia production capacity and investment cooperation, this project is a model of cooperation between China's joint construction of the "the Belt and Road" and Saudi Arabia's "Vision 2030", and has been included in the list of practical cooperation projects of the third "the Belt and Road" International Cooperation Summit Forum. The project has introduced 19 globally leading process designs, among which 4 patents of Saudi Basic Industries Corporation (SABIC) have been rated as encouraged major technologies by the country, filling the domestic technological gap and having significant implications for the transformation of the petrochemical industry in Fujian Province.

The Export Import Bank of China has taken the lead in syndicated financing this time, providing financial support for the high-quality development of the core area of Fujian's "21st Century Maritime Silk Road" while ensuring project construction funds.

Jiangsu Provincial Branch: Completed the first loan disbursement for the Cambodia project

Recently, the General Tire Technology Cambodia High Performance Radial Tire Project, led by the Jiangsu Branch of the Export Import Bank of China, has completed its first syndicated loan. This project is the first overseas investment project of a private enterprise launched by the Jiangsu Provincial Branch since the establishment of a RMB 350 billion financing window by the Export Import Bank of China.

This project is a typical project for Chinese enterprises to "go global" after Cambodia's accession to RCEP. It plays an important role in driving local employment in Cambodia and promoting the development of related industries such as natural rubber. It is conducive to strengthening good neighborly and friendly relations between China and Cambodia, and enhancing comprehensive strategic cooperation. The Sihanouk Port Special Economic Zone in Cambodia where the project is located is a representative park of the "the Belt and Road" financed and constructed by the Export Import Bank of China. After nearly 20 years of development from a barren land, the Xigang Special Economic Zone has now become the only national level economic and trade cooperation zone recognized by China and Cambodia.