Policy finance supports the equipment manufacturing industry to "go global"
policy finance supports the equipment manufacturing industry to "go global"
China Construction machinery information
in international capacity cooperation, the equipment manufacturing industry has broad prospects for going global. Some traditional equipment manufacturing enterprises may die in the domestic market, but they can open a way to survive in the international market and achieve multiple wins
as a policy bank whose main business is to support the development of open economy, the Export Import Bank of China has always taken supporting equipment export and "going global" of equipment manufacturing industry as its basic responsibility and work focus. Hu Xiaolian, chairman of the Export Import Bank of China, said recently that the role of policy banks is to support projects with long loan terms for enterprises, especially to support the "going out" of China's equipment and technology. It is reported that the current reform of policy oriented financial institutions is finally going to produce phased results, and the relevant articles of association of the Export Import Bank of China will be released soon
"our business scope of supporting enterprises' overseas investment is very clear, including supporting the development of foreign trade of the 'the Belt and Road', actively supporting the construction of infrastructure of the 'the Belt and Road', and supporting participation in the industrialization construction of countries along the route, with special emphasis on projects that can drive China's equipment and technology 'going global'." Hu Xiaolian said
usher in the development opportunity of "going global"
the guiding opinions on promoting international production capacity and equipment manufacturing cooperation issued by the State Council proposed that by 2020, we should strive to achieve the basic establishment of the production capacity cooperation mechanism between China's equipment "going global" and key countries, make significant progress in a number of key production capacity cooperation projects, form a number of overseas production capacity cooperation demonstration bases A number of backbone enterprises with international competitiveness and market development capabilities will be formed to further promote the adjustment of domestic economic and trade structure and industrial transformation and upgrading
the implementation of the above strategies has brought rare development opportunities for the equipment manufacturing industry to "go global". First of all, the infrastructure construction of the "the Belt and Road" provides a huge market space for equipment manufacturing to "go global". In the next few years, the demand for energy equipment and infrastructure such as railways, pipelines, airports, ports, nuclear power, telecommunications and so on in countries along the "the Belt and Road"
will continue to grow; Secondly, industrial investment and cooperation between countries will create a good opportunity for the "going out" of the equipment manufacturing industry. Domestic equipment enterprises with conditions can adopt cooperative investment to build relevant industrial parks, or establish R & D centers in countries or regions with high scientific and technological level, so as to make full use of the science and technology and human resources of the host country and improve the comprehensive strength of China's equipment manufacturing enterprises. In addition, the "made in China" closed-loop of different industries has not yet formed a military rise. After years of development, China's high-end equipment manufacturing industry has possessed a number of new technologies and products with high competitiveness, providing a new development impetus for the "going out" of the equipment manufacturing industry
a rare development opportunity for equipment manufacturing enterprises has also brought new development opportunities for financial institutions such as the banking industry. Supporting the "going out" of equipment manufacturing will create good conditions for banking financial institutions to adjust business structure and customer structure, strengthen the construction of foreign institutions, and improve brand influence and competitiveness
create a successful example of "going global"
CSR Ziyang Locomotive Co., Ltd., a subsidiary of CSR, is an old state-owned enterprise in the traditional manufacturing industry whose main business is the production of diesel locomotives. In recent years, with the rapid development of the railway industry, CSR Ziyang, a former leading enterprise, has turned to explore the international market in order to survive
the relevant person in charge of CSR Ziyang said that after arduous market development, in the few years when the national order was zero, the export locomotives of CSR Ziyang accounted for 83.9% of the total output, which successfully entered Turkmenistan, Thailand, Pakistan and other countries with different railway track standards from China, and accumulated equipment manufacturing experience for building the railway artery of the "the Belt and Road"
for CSR Ziyang, whether the list in the overseas market can be won and whether it is competitive enough is no longer a comparison of products, but a comparison of comprehensive solutions, in which the cost of capital is crucial
thanks to the support of the Export Import Bank of China, a policy oriented financial institution, CSR Ziyang has spent nearly a decade walking out of a development path from losing the wheat city to going overseas, and then taking advantage of the momentum to build strength through going out, and returning to the domestic market with the support of technological innovation. It has become a successful case of traditional state-owned enterprises in industries with excess production capacity, coordinating the two markets with the help of international market capacity cooperation, and realizing secondary entrepreneurship
in fact, equipment manufacturing enterprises in different stages of going out face the problem of capital bottleneck in the process of developing overseas markets. In addition to the initial funding of the project, a large amount of supporting funds are also required for the construction of the after-sales service system in the later stage
experts suggest that policy financial institutions should play a greater role through different regulatory policies, so that they can further increase the "counter cyclical" support for some traditional manufacturing enterprises, give full play to the guiding role of policy finance, drive all funds, and provide sufficient, efficient and low-cost financial support for equipment and technology going global
promote the innovation of "going out" mode
in the process of supporting equipment manufacturing enterprises to "go out", the export import bank actively guides enterprises to fully consider the development needs and sustainable development requirements of the host country, and through internal and external cooperation, promote enterprises and the host country to achieve a win-win situation of common development. For example, the Lahore rail transit orange project in Pakistan supported by the export import bank is an important cooperation project reached by the leaders of China and Pakistan, and it is also an early harvest project and demonstration project with the fastest progress in the transportation field of the China Pakistan Economic Corridor. The successful implementation of the project will help alleviate the traffic congestion in Lahore, and play a positive role in improving people's livelihood and promoting local economic development. At the same time, the project also drives the export of domestic light rail equipment, technology and services, which plays an important role in supporting Chinese enterprises to expand the international market
in order to reduce the debt pressure of the host country, control the project risks and improve the success rate of the project, the export import bank initiated the establishment of a number of funds to provide comprehensive syringe systems to support the host country. For example, the China ASEAN Investment Cooperation Fund, mainly initiated by the export import bank, invests in Cambodian optical fiber companies. After obtaining the fund investment, while improving the upgrading of the local telecommunications industry in Cambodia, the company continues to explore the optical fiber communication markets in Myanmar and Laos, and participates in the construction of submarine cable projects in the region, which will eventually realize the interconnection of telecommunications networks between China and Indochina Peninsula
in order to improve the success rate of equipment manufacturing projects, the export import bank and relevant government departments have successively established a "two-level and two-way" project screening and recommendation mechanism. On the basis of the government departments' single recommendation of projects with good industrial prospects and urgent financing needs to the export import bank, the branches of the export import bank have been added to assist the local industrial competent departments to collect projects, It is a new way to recommend projects after experts' review organized by relevant government departments. Practice shows that the project generation mechanism, which combines two-level screening and two-way recommendation, has fully mobilized the enthusiasm of the relevant government departments and the export import bank, realized the effective connection between policy project information and financial product services, and achieved fruitful results compared with the critical transportation distance (128000 kilometers) in energy consumption assessment
adhere to the unique advantages of "going out"
as China's mechanical and electrical products, complete sets of equipment and high-tech products enter CRTC, the export import bank will also cooperate with local sculptor Bob Stokes to export and contract foreign projects and the main policy financing channel for all kinds of overseas investment. It has many policy businesses such as "two excellent" loans, overseas investment loans, foreign contracted project loans, export credit and so on, It has unique advantages in supporting the "going out" of equipment manufacturing industry
in order to enhance the self innovation ability of equipment manufacturing enterprises, promote the transformation and upgrading of industrial structure, improve the supporting facilities of industrial chain, change the situation that core technology is controlled by people, consolidate the industrial and technological foundation of "going out" of equipment manufacturing, and improve the "going out" ability of equipment enterprises, import and export banks have successively issued import credit, export base construction loan, export enterprise fixed asset investment loan Support domestic enterprises' independent innovation, major technology and equipment localization loans, open industry integration loans, export buyer's credit supporting funds loans, overseas investment working capital loans and other innovative credit businesses that support the development of equipment manufacturing industry, improve the independent innovation ability of equipment manufacturing enterprises, apply new technologies, new equipment, new processes, new materials, and develop new products, It has provided effective financial support to promote the application, transformation and industrialization of scientific and technological achievements. In order to better support the development of equipment manufacturing industry, combined with the development of loan business and the new situation of equipment manufacturing industry development, the export import bank adjusted and integrated the business of the above loan varieties in 2015 and 2016 respectively, so as to build a comprehensive policy oriented financial system to support equipment manufacturing enterprises' independent research and development, industrialization, procurement, sales, "going global", mergers and acquisitions integration, overseas continuous operation and other activities
over the years, Exim Bank has a solid market foundation in supporting the export of major technical equipment such as ships, aircraft and complete sets of equipment, and has established stable cooperative relations with backbone enterprises in the industry. A considerable number of Chinese enterprises have entered the overseas market for the first time with the support of Exim Bank
in the process of implementing the "going global" strategy, the export import bank attaches great importance to the promotion of Chinese standards and has supported the adoption of Chinese standards in a large number of overseas railway, highway, bridge, power station, transmission and transformation, satellite and other projects. This project integrates Chinese design, equipment procurement, construction, supervision and financing for the first time, and is a typical "Chinese" railway project. The railway was officially opened to traffic in October 2016, which means that China's railway has successfully "gone global" again, and that China's standards have successfully entered the world again
in the future, the export import bank will also actively strengthen the coordination and cooperation with new institutions such as the Asian infrastructure investment bank, the Silk Road Fund and the BRICs New Development Bank, deepen cooperation in project development, financial innovation, investment and financing scheme design, give better play to the overall capital advantage, and provide more efficient financial products and services for equipment manufacturing enterprises to "go global"
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