While Chinese banks started to invest capitals in global shipowners as European banks had washed their hands off from shipbuilding industry, several banks demand a condition that newbuilds must be placed at Chinese shipyards.
Reuters reported on May 29 that Chinese shipbuilding industry posted a record low new orders in 2012 over the last seven years, however, backed by aids from compatriot banks, new orders are rising to some degree.  
Moreover, regarding the moves of Chinese banks, the news agency reported that market players are concerning over a possibility that global fleet oversupply could worsen since shipowners decide to place orders, attracted to low ship prices offered by Chinese yards.  
According to the latest data from the China Association of the National Shipbuilding Industry (CANSI), Chinese yards won newbuildings of a combined 11.57m dwt, in this year to April, which is a 57% rise from the same time period of last year. The Export-Import Bank of China (CEXIM) is seen to be a contributor to the track record.
Chen Bin, Deputy General Manager of Transport Finance Department the CEXIM, had said before that CEXIM’s every gate is wide open to every shipyard in China, adding that he would like to aggressively help Chinese shipbuilders which are going through a hard time now.  
Through an interview with Reuters, Chen Bin also revealed that the balance of loan in Shipping Finance Division of CEXIM reached $13bn in May, representing a 30% increase comparing with late 2011, and said that the credit scale is planned to be expanded further going forward.