Strong public policy role Ownership and financial support extended by the sovereign. Lack of explicit guarantee by sovereign High banking industry risk in China. The ratings on the Export-Import Bank of China (China EXIM) are the same as those assigned to the People's Republic of China (PRC; BBB+/Positive/A-2), reflecting the strong support from the government, its sole owner, and the bank's policy role in promoting export financing. The ratings also reflect China EXIM's key role as the country's conduit for foreign official funding for projects within China, as well as for Chinese government concessional lending to other countries. China EXIM was established in 1994 as one of three policy banks, to promote Chinese exports, similar to other countries' export credit
