CIC'S Proposal To Set Up An Overseas Equity Investment Fund Has Been Approved.

Financial support for enterprises to go out is to provide various financial support, including policy finance, development finance, commercial finance and preferential loans, which will systematically support our enterprises to go out.

Including the National Development Bank, the import and export bank and major commercial financial institutions, including the government's preferential loans, will be more inclined to these aspects.

Relevant financial institutions will formulate specific implementation measures under the guidance of the relevant measures, and the relevant measures can be implemented in the next step.

Two, in this guiding opinion, it is clear that the overseas assets of enterprises can be mortgaged to obtain domestic loans. This is a major breakthrough.

Three, all kinds of financial institutions of Chinese capital should speed up going abroad, layout outlets overseas, and provide convenient financial services for Chinese enterprises to go out.

The four is that Chinese enterprises can independently decide to issue Renminbi bonds and foreign currency bonds abroad, and to finance directly by financial institutions and commercial banks abroad to support China directly.

Go out.

The five is "

"It is necessary to speed up the establishment of RMB cross-border payment system and improve the RMB global settlement system, which is also helpful for international capacity and equipment manufacturing cooperation. On the one hand, it needs the internationalization of RMB, and on the other hand, it is also a necessary measure to support Chinese enterprises going out.

The six is to support going out through a variety of funds, which are very familiar with the size of the $40 billion.

It will support Chinese enterprises to go out through equity investment.

For example, China Africa Fund, ASEAN Fund, China Latin America Fund and Sino Arab fund.

We have established a special fund for Sino Kazakhstan productivity cooperation with Kazakhstan. The scale we are talking about may be around $6 billion, which is supported by equity investment.

Another very important measure is that we will set up a direct investment firm with an overseas stake under CIC, which will be relatively large and may even surpass the Silk Road Fund.

CIC has set up a plan for overseas direct investment firm under the approval of the company. The company has also set up and initially started operation, and has adopted a series of measures to support the enterprise going out.

Another important thing is export credit insurance.

This time, we will make sure that our Chinese enterprises and equipment go out of the way to ensure full protection in the production capacity cooperation. We will further increase our efforts to escort Chinese enterprises out of the market through export insurance.