The ratings on the Export-Import Bank of China (China EXIM) reflect expectations of strong support from China's government (A/Positive/A-1), its sole owner. This reflects China EXIM's close relationship with the government and the importance of the institution's policy role. Work is currently being carried out on a draft law that, when enacted, is expected to better define China EXIM's role, activities, prudential guidelines, and relations with the government. China EXIM is one of three policy banks wholly owned by the central government through the Ministry of Finance (MOF). Apart from the central bank, the People's Bank of China (PBOC), the policy banks are the only financial institutions reporting directly to the State Council, China's highest executive organ. The central government
