China EXIM Bank to unveil renovation plan this year

The Export-Import Bank of China (EXIM Bank), a policy-oriented bank directly under the State Council on Thursday said it will unveil its reforming plan within this year, sources reported citing its president as saying.

Li Ruogu, president of the bank said in an interview that there is little possibility for the bank to be completely commercialized, adding that two independent operation systems may be set up with focuses on policy businesses and commercial businesses.

As part of the renovation, the lender will receive investments from the Chinese government in an effort to boost its capital adequacy, Li added.