On November 22, Tashkent witnessed the grand opening of the regional office of the Export-Import Bank of China, commonly known as China Exim Bank. The ceremony celebrated a pivotal step in strengthening economic and financial ties between Uzbekistan and China.
The event featured prominent attendees, including Yang Dongning, Vice President of China Exim Bank; Yu Jun, the Ambassador of China to Uzbekistan; Ilzat Kasimov, Deputy Minister of Investment, Industry, and Trade of Uzbekistan; and senior representatives from both nations’ business and financial communities.
In his keynote speech, Ilzat Kasimov praised China Exim Bank for its instrumental role in supporting Uzbekistan’s strategic projects. “The bank has proven to be a trusted financial partner, contributing significantly to the advancement of Uzbekistan’s developmental goals,” Kasimov stated. Over the years, China Exim Bank has financed more than 50 major projects in Uzbekistan, spanning sectors such as energy, chemicals, transportation, IT, and agriculture, with a combined investment exceeding $3 billion.
The opening of the Tashkent office underscores the growing strategic partnership between the two nations. This new office is expected to accelerate collaboration on critical projects, many of which are socially significant. By facilitating new investments and partnerships, the regional branch aims to harness the full potential of Uzbek-Chinese economic ties.
Established in 1994, the Export-Import Bank of China operates under the jurisdiction of China’s State Council. Its mission is to promote China’s foreign trade, investments, and international economic cooperation. As a state-owned policy bank, it plays a crucial role in financing infrastructure, trade, and strategic partnerships worldwide.
China Exim Bank currently operates 32 branches
across China and representative offices in Hong Kong, Paris, and several key regions, including Africa, South America, and Russia.
The newly inaugurated Tashkent regional office will oversee operations across eight countries: Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Azerbaijan, Armenia, and Georgia. This move positions the bank to play a central role in regional economic integration, furthering connectivity and collaboration across Central Asia and neighboring regions.
The opening of the Tashkent office not only reflects the deepening ties between Uzbekistan and China but also paves the way for transformative economic opportunities, benefiting both nations and the broader region.