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ANZ signs pack with China Eximbank

May 19, 2011‐ Beijing, China

ANZ of Australia has signed an agreement with the Export-Import Bank of China, popularly called as the China Eximbank. The agreement was signed so as to foster and take advantage of the improving trade flows and cross-border activity between Australia, New Zealand and China.

China Eximbank will be empowered with ANZ's with finance facilities, offshore bonds and other resources.

Readers may recall ANZ has signed Memorandum of Understanding with China Development Bank (CDB) in 2009 and 2010 to establish relationships that support trade links between China and Australian and New Zealand companies.

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