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Policy Banks (China)
Policy banks of China (), policy lenders or institutional banks refer to two Chinese banks set up by State Council of China in 1994, namely The Export–Import Bank of China (Exim) and the Agricultural Development Bank of China (ADBC). The two banks aim at implementing economic policies of the government and conducting non-profit businesses in particular sectors. China Development Bank (CDB) used to be one of such banks before its shift to a corporation in 2008. Each of the two is dedicated to a specific lending purpose. ADBC provides funds for agricultural development projects in rural areas and Exim Bank of China specializes in trade financing, investment and international economic cooperation. The former member CDB specializes in financing of infrastructure, energy and transportation. Other non-bank financial institutions are referred to as policy entities. Sinosure is described as "China's only policy-oriented insurance company" and offers insurance products for Chinese expo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Council Of The People's Republic Of China
The State Council, constitutionally synonymous with the Central People's Government since 1954 (particularly in relation to local governments), is the chief administrative authority of the People's Republic of China. It is chaired by the premier and includes each cabinet-level executive department's executive chief. Currently, the council has 35 members: the premier, one executive vice premier, three other vice premiers, five state councilors (of whom three are also ministers and one is also the secretary-general), and 26 in charge of the Council's constituent departments. The State Council directly oversees provincial-level People's Governments, and in practice maintains membership with the top levels of the CCP. Aside from very few non-CCP ministers, members of the State Council are also members of the CCP's Central Committee. Organization The State Council meets every six months. Between meetings it is guided by a (Executive Meeting) that meets weekly. The standin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exim Bank Of China
The Export–Import Bank of China (Chexim - China Exim Bank) () is one of two institutional banks in China chartered to implement the state policies in industry, foreign trade, economy, and foreign aid to other developing countries, and provide policy financial support so as to promote the export of Chinese products and services. Established in 1994, the bank is subordinated to the State Council. In 2022, the bank signed an agreement with Hong Kong realtor group ESR Group and to invest in Asean infrastructure projects. Mission The bank is a policy bank and along with other Chinese policy institutions like China Development Bank and Sinosure implement the economic policies of the government. The focus of the bank is to promote foreign trade and investment. Commercial lending forms the backbone of the bank. Commercial activity includes export credits mainly in the infrastructure fields (roads, power plants, oil and gas pipelines, telecom, and water projects) and investment l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Development Bank Of China
The Agricultural Development Bank of China is a Chinese policy bank under the State Council of the People's Republic of China. As such, it is responsible for funding projects related to China's economic growth. If the ADBC requires funding for its own operations, its bonds are considered as safe as the Central Bank's bonds, however PBOC or PRC government do not guarantee any kind of borrowings including bonds. It was founded in 1994. See also * Banking in China China's banking sector had () in assets at the end of 2020. The "big four/five" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, ... References External links Official site (cn) Banks of China {{Asia-bank-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Development Bank
The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it is responsible for raising funds for large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport. Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government's economic development policies.CDB History Archived Debts issued by the China Development Bank are owned by local banks and treated as risk-free |
Sinosure
China Export & Credit Insurance Corporation ( zh, s=中国出口信用保险公司, t=中國出口信用保險公司, p=Zhōngguó Chūkǒu Xìnyòng Bǎoxiǎn Gōngsī , commonly known as Sinosure (中国信保, Zhōngguó Xìnbǎo)) is a major Chinese state owned enterprise (SOE) under the administration of MFPRC serving as the provider of export credit insurance, in particular coverage for the export of high-value added goods in China. History Sinosure was established in 2001 by merging the Export Credit Insurance Department of the People's Insurance Company of China (PICC) and the export credit insurance section of the China Export and Import Bank, as part of China's accession into the WTO. Financing since 2001 has totaled 290 billion dollars' worth of exports and investments, and 570 billion yuan of lending. In 2009 alone, the company insured 116 billion dollars' worth of exports. In May 2011, the Chinese government decided to inject 3.1 billion dollars into Sinosure, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sino Guarantee
China United SME Guarantee Corporation ( zh, s=中合中小企业融资担保股份有限公司, t=中合中小企業融資擔保股份有限公司, p=Zhōnghé Zhōngxiǎo Qǐyè Róngzī Dānbǎo Gǔfèn Yǒuxiàn Gōngsī, commonly known as Sino Guarantee) is a Chinese financial services company that provides financial guarantees for loans and bonds. Its key shareholder is the Export Import Bank of China, one of China's main policy banks. The company is described by Moody's as playing a quasi-policy role in Chinese capital markets as its creation was guided by the National Development and Reform Commission, China's key government body for economic planning. References {{One Belt, One Road Insurance companies of China ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In China
China's banking sector had () in assets at the end of 2020. The "big four/five" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world . The Bank of Communications is sometimes included. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank. History Chinese financial institutions conducted all major banking functions, including the acceptance of deposits, the making of loans, issuing notes, money exchange, and long-distance remittance of money by the Song Dynasty (960-1279). In 1024, the first paper currency was issued by the state in Sichuan. The two major types of indigenous Chinese financial institutions, () and (), more often cooperated than competed in China's financial market. Due to structural weaknesses of traditional Chinese law, Chinese financial instituti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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