ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The MoU between JBIC and the Japanese companies Mizuho Corporate Bank, Ltd. and JGC Corporation as well as The Export-Import Bank of China (China Exim Bank) and Tsing Capital Co., Ltd. was signed on 25 December 2011. The MoU will create a fund having a total value of RMB 1 billion (USD 158.13 million) fund. The fund will financially support projects undertaken by Chinese and Japanese companies within the energy efficiency and environmental protection area in China.
In this context JBIC specified that: "JBIC will continue to utilize a variety of financial facilities, including its equity participation function, to help create business opportunities for Japanese firms, thereby supporting them in maintaining and improving their international competitiveness and contributing to further deepening and developing close economic ties between Japan and China."
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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