China Exim Bank's B&R loans surpasses 1t yuan

BEIJING - The Export-Import Bank of China (China Exim Bank) said its outstanding loans for the Belt and Road Initiative (BRI) has surpassed 1 trillion yuan ($149 billion) up to now.

Currently, more than 1,800 projects of the BRI are underway, according to Zhang Qingsong, chairman of the bank.

Special loans quota, totaling 130 billion yuan, for projects discussed in the first Belt and Road Forum for International Cooperation two years ago, had all been used up, according to Zhang.

The policy bank said it will thoroughly prepare for the second Belt and Road Forum for International Cooperation and implement the agreements signed during the forum.

We will adopt a differentiated financing plan, develop new cooperative models for financing and beef up working on green financing this year, Zhang said.

The second Belt and Road Forum for International Cooperation is to be held in Beijing from April 25 to 27, and leaders including heads of state and government from 37 countries will attend the forum's roundtable summit.