Policy Finance to Support the Equipment Manufacturing Industry

In the international cooperation capacity, the equipment manufacturing industry walk out broad prospects. Some traditional equipment manufacturing enterprises in the domestic market may be a dead end, but it can open a chance to live in the international market, and achieve win-win.

As a support for an open economy development as the main business of policy bank, the export-import bank of China has always support equipment export and the equipment manufacturing industry "going out" as the basic duty and focus. Chairman of the export-import bank of China, hu said recently the role of policy Banks is that can support the enterprise loan period is long project, especially the support equipment and technology of China to "go out". It is understood that the current advance of policy-based financial institutions reform finally produce achievements, the export-import bank of China related articles of association will soon release.

"We support the enterprise overseas investment is clear, the scope of business includes support for 'area' the development of foreign trade, all the way to actively support all the way ' 'area for the construction of infrastructure, support to participate in the industrialization of countries along the construction, in which special attention leads to improvement of the equipment and technology of China' going out 'project." Hu said.

In "going out" development opportunities

Promulgated by the state council on promoting the international production and equipment manufacturing cooperation guidance ", put forward to 2020, to strive to realize the "going out" and key state capacity cooperation system basic establishment, remarkable progress was made in a batch of key production cooperation projects, to form a number of overseas production cooperation demonstration base, forming a batch of internationally competitive and market development ability of backbone enterprises, further promote the domestic economic structure adjustment and industrial transformation and upgrading.

The implementation of the strategy of the above, for the equipment manufacturing industry "going out" has brought the rare development opportunity. First of all, "One Belt And One Road" infrastructure construction, provides the equipment manufacturing of "going out" the huge market space, the future years, "One Belt And One Road"

Along the state railway, pipeline, airports, ports, energy such as nuclear power, telecommunications equipment and infrastructure demand will continue to grow; Second, industrial investment and cooperation between countries will provide the equipment manufacturing industry "going out" to create a good development opportunity, conditional equipment domestic enterprises can adopt the mode of cooperative investment construction related industry park, or to the science and technology with higher levels of countries or regions to establish research and development center, so as to make full use of the host country of science and technology and human resources, improve the comprehensive strength of equipment manufacturing enterprises in China. In addition, the "made in China" boom, after years of development, high-end equipment manufacturing industry in our country already has a batch of high competitiveness of new technologies and new products, to provide the equipment manufacturing industry "going out" is a new development momentum.

Equipment manufacturing enterprises rare opportunities of development for Banks and other financial institutions also brought new development opportunities. Support equipment manufacturing "go out" to adjust the business structure, the structure of the customer for the banking financial institutions, to strengthen the construction of foreign institutions and promote the brand influence and competition ability to create a good conditions.

To build a successful example of "going out"

China south locomotive's CSR from ziyang locomotive co., LTD is a production of diesel locomotive as the main business of the old and traditional manufacturing enterprises. In recent years, along with the rapid development of railway enterprise, CSR from a former leading enterprises in order to survive, to develop the international market.

The relevant person in charge of CSR from ziyang said, after a long market development, order to zero in the country for several years, CSR from ziyang locomotive export ratio of total output, up to 83.9%, the product successfully into the railway track standards are different from our country to turkmenistan, Thailand, Pakistan and other countries, to build "area" of the railway artery accumulated equipment manufacturing experience.

For CSR from overseas markets can take down the list, whether to have enough competitiveness, most of the time is no longer than the product, rather than a comprehensive plan, the cost of capital is the key.

Thanks to the support of the policy-based financial institutions of the export-import bank of China south locomotive great with nearly ten years out of a flopped to go overseas, by going out once again xu li, supported by technology innovation play back in the domestic market to develop, and become the traditional state-owned enterprises in industries with surplus capacity capacity in cooperation with the international market, two markets as a whole, achieve the second venture a success.

In fact, at different stages to go out of the equipment manufacturing industry enterprises in the process of develop overseas market are facing capital bottleneck problem. Besides project funding problems in the early, late after-sales service system construction, etc. Also need a large number of matching funds.

Expert proposal, to distinct regulatory policy for policy-based financial institutions play a bigger role, make its further support to "counter-cyclical" part of the traditional manufacturing enterprise, give full play to the guiding role of policy finance, drive the capital, to provide equipment and technology to go out sufficient financial support, high efficiency and low cost.

Encourage innovation in the mode of "going out"

In the support equipment manufacturing enterprises "going out", in the process of import and export bank actively guide enterprise development needs and give full consideration to the host country sustainable development requirements, through the internal and external cooperation, promote the development of enterprises and the host country achieve common win-win situation. Such as import and export bank support orange Lahore rail transit project is reached by the leaders of the two countries important cooperation project between China and Pakistan, and china-pakistan economic corridor traffic fastest progress in the field of early harvest and demonstration projects. The success of the project implementation will help reduce traffic congestion in Lahore, to improve people's livelihood, plays a positive role to promote local economic development. At the same time, the project also led light rail equipment, technologies and services exports, domestic to support Chinese enterprises to expand the international market plays an important role.

To reduce the host country debt pressure, control the project risk, improve the success rate of projects, import and export bank to launch a fund, to support the host country. Such as initiated by the export-import bank of the main set up the china-asean investment cooperation fund, fiber companies to invest in Cambodia. After the company access to fund investment, in improving Cambodia local telecom industry upgrading and expand the Burma, Laos, optical fiber communication market and participate in the submarine cable in the area of project construction, will eventually achieve China and Indochina region telecom network connectivity.

In order to improve the success rate of the equipment manufacturing project import and export bank and relevant government departments have established a "two-way" the two levels of project selection, the recommended mechanism, in the government department has recommended direction export-import bank industry prospect is good, have urgent project financing demand, on the basis of increased from various import and export bank branch to assist local industry department in charge of collecting project, by relevant government departments organization experts identified as the recommend new way of the project. Practice shows that two-stage filter combined with two-way recommended projects generating mechanism, give full play to the relevant government departments and the export-import bank of the enthusiasm of the two systems, implement the policy effective link of project information and financial products and services, and achieved fruitful results.

Adhere to the "going out" unique advantages

Import and export bank as China's mechanical and electrical products, complete sets of equipment and high-tech products import and export and foreign contracted projects and all kinds of foreign investment policy financing main channel, has two "optimum" loans, loans, loans to foreign contracted projects overseas investment, export credit policy of business, in support of the equipment manufacturing industry has the unique superiority of "going out".

To strengthen equipment manufacturing enterprise self innovation ability, promote the transformation and upgrading of industrial structure, improve the industrial chain, to change the situation of the core technology of others, ramming equipment manufacturing industry and technical basis of "going out", improve the ability of equipment enterprises "going out", import and export bank for company specific requirements have issued a credit import and export base construction loans, loans to export enterprise fixed assets investment, support domestic enterprises for independent innovation and localization of major technical equipment loans, open industry consolidation loans, supporting export buyer's credit capital loans and working capital loans and so on many overseas investment support equipment manufacturing industry in the development of credit business innovation, improve the ability of independent innovation of equipment manufacturing enterprises, application of new technology, new equipment, new technology, new materials, new product development, to promote the application of scientific and technological achievements transformation and industrialization provides effective financial support. To better support the development of equipment manufacturing industry, combining with the loan business to carry out the situation and the equipment manufacturing industry development of the new situation, the export-import bank respectively in 2015 and 2015 varieties of the loan for the adjustment and integration of the business, to build up the support equipment manufacturing enterprise independent research and development, industrialization, purchasing, sales, and "going out", m&a integration, continuing operations and other activities outside the territory of the people's comprehensive policy financial system.

Over the years, the import and export bank in support of ships, aircraft, complete sets of equipment export, and other areas of the major technical equipment has a solid market foundation, and in the industry backbone enterprises established stable cooperative relations, quite a number of Chinese enterprises with import and export bank support for the first time into the overseas market.

In the process of implementation of the strategy of "going out", the export-import bank is very focus on promoting Chinese standards, support a large number of overseas railway, highway, Bridges, power plants, power transmission and transformation, such as satellite project by Chinese standards. The project for the first time Chinese design, equipment procurement, construction, supervision and finance at an organic whole, is a typical "sinicization" railway project. The railway was formally opened in October 2016, means that China railway succeeded once again in "going out", means that China succeeded once again in to world standards.

The future, the export-import bank will also actively strengthen with the Asian infrastructure investment bank, fund of the silk road, the brics countries new development bank and other institutions in harmony, the design and development, financial innovation, investment and financing in project such as link to deepen cooperation, better play to the overall financial advantage, to provide equipment manufacturing enterprises "going out" more efficient financial products and services.