JBIC Holds Forum with China Development Bank for Cooperation of Japanese and Chinese Corporations in Third Countries
Discussing Cooperation of Japanese and Chinese Corporations in Third Country Markets

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1. The Japan Bank for International Cooperation (JBIC, Governor: Tadashi Maeda) held the Japan-China Third Country Market Financing Cooperation Forum jointly with the China Development Bank (CDB) today at CDB's headquarters in Beijing.
     
2. In October 2018, JBIC and CDB signed an MOU^*1 to promote cooperation between the two institutions for projects in third countries. Based on the MOU, the forum was held for JBIC, CDB, Japanese and Chinese private-sector corporations, and financial institutions to discuss and pursue cooperation between Japanese and Chinese companies in third country markets.
     
3. Attendees to the forum totaled over 100 persons from the administrations and private-sector corporations as well as financial institutions of both Japan and China. They exchanged a wide range of opinions related to cooperation in third countries.
     
4. In collaborating to support projects involving both Japanese and Chinese corporations in third countries, JBIC and CDB will provide financial support based on the global standards such as openness, transparency, economic viability, debt sustainability, and compliance with laws and regulations. This initiative will thereby encourage the creation of new business opportunities that will benefit Japan and China as well as the third countries in which the projects are located.
     
5. As Japan's policy-based financial institution, JBIC will continue to financially support the overseas business expansion of Japanese companies in collaboration with public financial institutions in other countries.
   
   

Note

1. *1 
   See Press Release on October 26, 2018.