Business Relation

Exporter buoyed with credit

PUBLISHED : Friday, 12 February, 1999, 12:00am
UPDATED : Friday, 12 February, 1999, 12:00am

The China Export and Import Bank (Eximbank) yesterday signed an agreement with China National Machinery and Equipment Import and Export to provide a seller's credit line of five billion yuan (about HK$4.65 billion), Xinhua reported yesterday. Eximbank said that, as one of the state's policy banks, Eximbank has so far provided China National Machinery with 2.1 billion yuan in export seller's credits to support the export of machinery and electronics products.