The Shandong Branch of the Export-Import Bank of China has supported Qingdao Beihai Shipbuilding’s high-quality development by issuing advance-payment guarantees for shipbuilding projects.

　　At the beginning of the new year, the Shandong Branch of the Export-Import Bank of China provided advance payment guarantees for domestic and foreign ships to China State Shipbuilding Corporation Qingdao Beihai Shipbuilding Co., Ltd. (hereinafter referred to as Qingdao Beihai Shipbuilding), offering policy-based financial support for the company to undertake domestic and international ship orders.

　　The shipbuilding industry is capital-intensive with long production cycles, and the timely recovery and efficient use of advance payments are key to ensuring the smooth commencement of ship construction. Qingdao Beihai Shipbuilding is a leading enterprise in the shipbuilding industry in Shandong Province, and the Export-Import Bank of China is the world's largest official export credit institution, with international credit ratings consistent with China's sovereign credit ratings, highlighting the brand advantage in ship financing. The Shandong Branch quickly responded to the business needs of the shipyard, efficiently issuing domestic and foreign ship advance payment guarantees for Qingdao Beihai Shipbuilding at the beginning of the new year. During the guarantee business process, our bank closely coordinated front, middle, and back offices to effectively enhance service efficiency, achieving efficient linkage of the entire process of guarantee application, review, and issuance, successfully issuing multiple domestic and foreign ship advance payment guarantees for the enterprise, strongly supporting the company in undertaking domestic and international ship orders. This guarantee business vividly demonstrates our bank's use of policy-based financial power to support the high-quality development of the shipbuilding industry.

　　In the future, the Shandong Branch of the Export-Import Bank will continue to deeply cultivate services such as shipyard export credit, overseas shipowner credit, and trade finance in the shipbuilding industry, focusing on the operational needs of the entire lifecycle of ship manufacturing, leveraging the brand advantage in ship financing, continuously improving the quality and efficiency of policy-based financial services, and working together with the shipbuilding industry to build a new ecosystem for shipping development, assisting the high-quality development of the shipbuilding industry. (Cong Xiaoyuan)