Loan of Over 10 Million Yuan in Bolstering Hainan FTP

(China.Org)--Recently, the “Joint Work Plan of Anti-Pandemic, Ensuring Enterprises and Stablizing Foreign Trade in Supporting  Construction of Hainan Free Trade Port” is signed jointly between the Exim Bank of China and Hainan People’s Government.

It is inked that both sides will set out practical cooperation in key areas including the construction of Hainan FTP, stablization of  foreign trade and investment, development of manufacturing industry, construction of both traditional and “new” infrastructure as well as the relief to the foregin trade and manufacturing enterprises. Mainly targeting on the pillar industires and development key points of the Hainan province, the Exim Bank of China will place a loan worths no less than 100 billion yuan to Hainan within the following five years, with at least 80 billion yuan placed to foreign trade sectors.

The signing of the work plan echoes the State Council’s overall decision and deployments to promote the pandemic prevention and social economy. The deepening cooperation between banks and local government in Hainan will push forward the high-quality development of export-oriented economy in the province.