China unveils fresh credit support to boost high-quality commercial development

 China has rolled out new credit support measures to facilitate a solid start for high-quality commercial development during the 15th Five-Year Plan period (2026-2030), according to an announcement made public on Tuesday.

The circular, jointly issued by the Ministry of Commerce and the Export-Import Bank of China (China EximBank), has outlined specific measures in three aspects, namely promoting innovative trade development, expanding two-way investment, and advancing high-quality Belt and Road cooperation.

For foreign trade, authorities will use credit tools to explore new markets, foster new growth drivers, and improve services for new business models, while for two-way investment, measures will be taken to attract foreign capital, promote industrial chain cooperation, and support the establishment of open platforms, the circular has noted.

To further boost high-quality Belt and Road cooperation, the China EximBank is encouraged to improve financial services focusing on the key areas of multilateral and bilateral economic and trade cooperation under the Belt and Road Initiative.

To provide more precise, efficient and powerful financial services, local commerce authorities and China EximBank branches will further strengthen policy coordination, and will explore synergies among fiscal, financial and commercial sectors in compliance with World Trade Organization rules, according to the circular. ■