BUSINESS China EximBank issues bonds to support Yangtze River Delta integration

BUSINESS

China EximBank issues bonds to support Yangtze River Delta integration

Xinhua

19:48, November 16, 2022

BEIJING, Nov. 16 (Xinhua) -- The Export-Import Bank of China (China EximBank), a state-owned policy bank, has issued bonds worth 4 billion yuan (about 568.48 million U.S. dollars) to support the integrated development of the Yangtze River Delta.

Photo taken on Nov. 1, 2018 shows a night view of Shanghai, east China. (Photo: Xinhua)

The interest rate of the two-year bonds stood at 2.1838 percent and the funds raised will be used in key areas, including foreign trade, technological innovation, advanced manufacturing, green development and major project construction, according to the policy bank.

China EximBank has long been supporting the development of foreign trade companies in the Yangtze River Delta region, especially in areas such as imports and exports, the Belt and Road Initiative, and the "going global" strategy.

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