ANZ has announced the signing of a strategic cooperation agreement with the Export-Import Bank of China (China Eximbank) which outlines intent to co-invest in the future development of trade and energy, infrastructure and engineering projects in Australia and the Asia Pacific Region.

 

The cooperation agreement focuses on the provision of structured export finance and project finance and was signed in Beijing by ANZ Chief Executive Officer Mike Smith and Li Ruogu Chairman and President of China Eximbank.

 

Commenting on the agreement Mr Smith said: “This agreement is of considerable significance in supporting trade and investment flows between Chinese companies and Australia and the Asia Pacific region.

 

“China is now a primary driver of economic growth in Australia and in the Asia Pacific region, and trade and investment flows from Chinese companies are increasingly important in supporting new energy, natural resources and infrastructure projects.