The Export-Import Bank of China continued to increase the supply of funds in the field of foreign trade, and issued loans exceeding 900 billion yuan in the first half of the year.

CCTV News:The reporter learned from The Export-Import Bank of China on July 24th that in the first half of this year, the Export-Import Bank played the role of policy-based finance as a short-board and inter-cycle adjustment, and continued to increase the supply of funds in the foreign trade field. In the first half of this year, the accumulated foreign trade industrial loans exceeded 900 billion yuan.

According to reports, in the first half of this year, the Export-Import Bank successively introduced a number of bail-out measures, continuously increased the supply of funds in the foreign trade field, reduced fees to benefit foreign trade enterprises seriously affected by the epidemic, gave SMEs deferred payment and non-repayment of loans, and innovatively designed a comprehensive product package to serve the development of new foreign trade formats and new models, constantly stimulating the vitality of market players and promoting the high-quality development of foreign trade.

By the end of June, the balance of foreign trade industrial loans of the Export-Import Bank was 2.68 trillion yuan, a year-on-year increase of 19%. In the first half of the year, foreign trade industrial loans totaled 920 billion yuan, a year-on-year increase of 22%.

In addition, by the end of June, the balance of local and foreign currency loans of the Export-Import Bank was nearly 5 trillion yuan, a year-on-year increase of over 10%. In the first half of the year, loans totaled 1.25 trillion yuan, a year-on-year increase of 14%.