The Export-Import Bank of China
Encyclopedia
The Export-Import Bank of China (China Exim Bank) is one of three institutional banks in China which chartered to implement the state policies in industry
, foreign trade, diplomacy
, economy and finance to provide policy financial support so as to promote the export of Chinese products and services. It was founded in 1994, and is subordinated to the State Council
.
China Eximbank does not publish figures for overseas loans. However, U.S. officials estimate that it finances more than the total export financing of the Group of Seven
industrialized nations combined. The Financial Times
estimates that in 2009 and 2010, China Eximbank and China Development Bank
(CDB) together signed loans of at least $110 billion to other developing country governments and companies, more than the World Bank
over a similar period.
China Eximbank does not abide by export financing guidelines promulgated by the OECD, sparking criticism from competing export nations. According to U.S. Export-Import Bank Chairman Fred Hochberg, "They're winning deals in part because they're not playing by the rules."
Industry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...
, foreign trade, diplomacy
Diplomacy
Diplomacy is the art and practice of conducting negotiations between representatives of groups or states...
, economy and finance to provide policy financial support so as to promote the export of Chinese products and services. It was founded in 1994, and is subordinated to the State Council
State Council of the People's Republic of China
The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...
.
China Eximbank does not publish figures for overseas loans. However, U.S. officials estimate that it finances more than the total export financing of the Group of Seven
Group of Seven
Group of Seven can refer to:*G7 - the "Group of seven" industrially advanced nations .*Group of Seven - a group of Canadian landscape artists....
industrialized nations combined. The Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
estimates that in 2009 and 2010, China Eximbank and China Development Bank
China Development Bank
The China Development Bank is a financial institution in the People's Republic of China under the direct jurisdiction of the State Council. It is the only bank in China whose governor is a full minister...
(CDB) together signed loans of at least $110 billion to other developing country governments and companies, more than the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
over a similar period.
China Eximbank does not abide by export financing guidelines promulgated by the OECD, sparking criticism from competing export nations. According to U.S. Export-Import Bank Chairman Fred Hochberg, "They're winning deals in part because they're not playing by the rules."
Internal Departments
- Executive Office
- Human Resources Department
- Business Development & Innovation Department
- Corporate Business Department
- Shipping Financing Department
- Onlending Department
- Planning & Financial Management Department
- Evaluation Department
- Auditing Department
- Legal Affairs Department
- International Business Department
- Risk Management Department
- Administrative Department
- Supervision Office
- Economic Research Department
- Department of Special Account Financing
- Corporate Business Department
- Concessional Loan Department
- Treasury Department
- Information Technology Department
- Compliance Department
- Accounting Department
- Workers Union
- Software Development Department
- Party & League Affairs Department
Business Branches
- ShanghaiShanghaiShanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
Branch - ShenzhenShenzhenShenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
Branch - NanjingNanjing' is the capital of Jiangsu province in China and has a prominent place in Chinese history and culture, having been the capital of China on several occasions...
Branch - DalianDalianDalian is a major city and seaport in the south of Liaoning province, Northeast China. It faces Shandong to the south, the Yellow Sea to the east and the Bohai Sea to the west and south. Holding sub-provincial administrative status, Dalian is the southernmost city of Northeast China and China's...
Branch - ChengduChengduChengdu , formerly transliterated Chengtu, is the capital of Sichuan province in Southwest China. It holds sub-provincial administrative status...
Branch - QingdaoQingdao' also known in the West by its postal map spelling Tsingtao, is a major city with a population of over 8.715 million in eastern Shandong province, Eastern China. Its built up area, made of 7 urban districts plus Jimo city, is home to about 4,346,000 inhabitants in 2010.It borders Yantai to the...
Branch - ZhejiangZhejiangZhejiang is an eastern coastal province of the People's Republic of China. The word Zhejiang was the old name of the Qiantang River, which passes through Hangzhou, the provincial capital...
Branch - HunanHunan' is a province of South-Central China, located to the south of the middle reaches of the Yangtze River and south of Lake Dongting...
Branch - ChongqingChongqingChongqing is a major city in Southwest China and one of the five national central cities of China. Administratively, it is one of the PRC's four direct-controlled municipalities , and the only such municipality in inland China.The municipality was created on 14 March 1997, succeeding the...
Branch - Xi'anXi'anXi'an is the capital of the Shaanxi province, and a sub-provincial city in the People's Republic of China. One of the oldest cities in China, with more than 3,100 years of history, the city was known as Chang'an before the Ming Dynasty...
Branch