Recently, the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Finance, and the China Banking Regulatory Commission have jointly issued the Supplementary Circular on Providing Credit Support for Imported Commodities Encouraged by China (the "Circular").
According to the Circular, on the basis of the existing scope of import credit support reflected in preferential interest rates of the Export-import Bank of China ("China Eximbank"), the Catalogue of Technologies and Products Encouraged to Be Imported (2015 Edition) (Fa Gai Chan Ye [2015] No.1541) (the "Catalogue") shall be included into the scope of import credit support, and import credit support of preferential interest rates shall be given to advanced technologies, key equipment and spare parts, and scarce resource products in the Catalogue. Henceforth, China Eximbank shall, based on adjustments in the Catalogue, adjust the scope of import credit support of preferential interest rates accordingly.