Eximbank goes networking

BEIJING - The Export-Import Bank of China (China Eximbank), a major policy bank, is planning to broaden both its domestic and overseas networks to strengthen support for Chinese companies that invest abroad, a top executive said on Friday.

The bank wants to open branches in Hong Kong, Africa, and Paris, and three in China in Tianjin municipality, the Xinjiang Uygur autonomous region, and Xiaman, the capital of Fujian province in Southeast China, said Li Ruogu, chairman and president of the bank.

"Our small assets and limited number of overseas institutions have confined our capability to increase backup for the overseas expansion of Chinese companies," he said in a group interview with media including China Daily.