Recently, Shenzhen Branch of Export-Import Bank opened a large cross-border non-financing guarantee to support BYD's energy storage products to sell overseas.
In recent years, China's power battery and new energy vehicle industries have developed rapidly, and Shenzhen has gathered the whole industrial chain from upstream basic materials to self-owned brand new energy vehicles. In view of Shenzhen's location advantages, Shenzhen Branch of Export-Import Bank of China actively played the role of policy finance, comprehensively used fixed asset loans, export seller's credit, supply chain financing, etc., and continuously increased its support for the entire industrial chain of the industry, helping the real economy to develop with high quality and become bigger and stronger. At the same time, Export-Import Bank Shenzhen Branch also actively uses standby letters of credit, trade financing and other tools to support leading enterprises in the industry to enter the international market and build overseas high-quality brands. The large cross-border non-financing letter of guarantee issued by Shenzhen Branch of Export-Import Bank to BYD indicates that the two sides have made new achievements in close cooperation and joint development of overseas markets.
From now on, the Export-Import Bank Shenzhen Branch will continue to focus on the main business, creatively use the combination of policy-based financial instruments, provide all-round, whole-industry-chain and efficient financial services for China's strategic emerging industries, serve the innovation and development of the real economy, and help China enterprises go global.