Laws of the People's Republic of China

The Import and Export Bank of China

Circular of the Import and Export Bank of China on the Implementation of Interest Rate for Export Credit of High-tech Products

JinChuYinJiFa [1999] No.205

September 17, 1999

The various Ministries, offices and representative offices at home:

In accordance with the Circular of the Ministry of Foreign Trade and Economic Cooperation and other Departments on the Opinions of Further Adopting Measures for Encouraging the Expansion of Foreign Trade Export Transmitted by the General Office of the State Counicl (GuoBanFa [1999] No. 71), export of high-tech products has been incorporated into the business scope of export credit and loans with favourable terms of the Import and Export Bank of China. Agreed after consulting with the People's Bank of China, the export credit in terms of RMB offered by the Import and Export Bank of China to the products as jointly stipulated by the Ministry of Science and Technology and other Departments in Export List of China's High-Tech Products shall be implemented by Category A interest rate (for large-scale complete set of equipment and high-tech mechanical and electrical products) for export sellers' credit in terms of RMB decided by the People's Bank of China. The current interest rate is 4.05%. Please abide by.