Exim Bank

Niger to repay US$1 billion China Exim Bank loan from sales of oil produced by Chinese firm

Resources from the sale of oil produced in Niger by China National Petroleum Corp will be used to pay off the loan. Photo: Reuters

Niger has accepted a controversial US$1 billion loan from the Export-Import Bank of China (China Exim Bank) to finance development projects, the West African country’s planning minister said on Tuesday.

Wednesday, 30 October, 2013, 3:39pm

Two more bank veterans stay on to ensure stability

Chen Yuan

Chen Yuan, the 68-year-old chairman of China Development Bank, will stay in his job at the nation's largest financer of infrastructure projects and overseas investment despite his age and a recent controversy over the lender's role in a major corporate transaction, sources told the South China Morning Post.

22 Feb 2013 - 5:22am

Exim Bank sets up US$20b fund to boost imports

The Export-Import Bank of China, a policy lender, has set up a US$20 billion fund to provide financial support to importers in a move to help narrow the nation's swelling trade surplus.

China Exim Bank would offer concessional loans to companies involved in the import business, president Li Ruogu said on the sidelines of the Communist Party's 17th national congress.

19 Oct 2007 - 12:00am

Exim Bank bond draws buyers

Export-Import Bank's sale of bonds worth one billion yuan to retail investors in Hong Kong is almost fully subscribed, according to HSBC, one of the sale arrangers.

Anita Fung Yuen-mei, HSBC treasurer and head of Asia-Pacific global markets, said the retail tranche could be more than two times oversubscribed by its close on Monday.

15 Aug 2007 - 12:00am

Exim Bank launches 2b yuan notes in HK

The Export-Import Bank of China (Exim Bank) will start selling its two billion yuan in bonds to Hong Kong retail investors today.

Analysts said the deal should be well-received because investors could gain from the continued appreciation of the yuan.

10 Aug 2007 - 12:00am

Exim Bank raises loans

The Import and Export Bank of China plans to extend 24.3 billion yuan in loans this year, a 60 per cent increase over last year. Xinhua news agency cited bank vice-governor Gu Mingchao as saying Exim Bank planned to give priority this year to exports of ships, complete sets of equipment, telecommunications facilities, electronics and electrical machinery.

21 May 1998 - 12:00am

Exim offers 60pc fund boost for mainland exporters

China Export and Import Bank (Exim) has approved a 60 per cent rise in funds this year to help exporters hit by the currency devaluations of the mainland's competitors in Southeast Asia.

11 Mar 1998 - 12:00am

China's exim bank more than a symbol

THE official opening of the China Import-Export Bank next Friday will be important in more than merely symbolic terms.

Everyone knows that state enterprises in China are forever reeling as credit is squeezed and relaxed. Triangular debt within China between different enterprises also causes havoc.

25 Jun 1994 - 12:00am