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/Stable/A-3), reflecting the bank's policy role in promoting export financing, and the strong support from the government, its sole owner. 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. It provides financing and insurance products for projects in the export sector. Its mandate to promote Chinese exports, mainly capital goods, makes it an important instrument of government policy, especially in light of the
