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DetDeterminationClinton · D

Presidential Determination

Presidential Determination on Ex-Im Loan to China for Shanghai Metro

President Clinton determined it in the national interest for the Export-Import Bank to extend approximately $60 million in financing to China for the Shanghai Metro Phase II, Line I project, to support U.S. exports of goods and services. The Secretary of State was directed to report this determination to Congress and publish it in the Federal Register.

Federal Register Open PDF 62 FR 52475

Impact dates

  1. Determination effective; Secretary of State to report to Congress and publish in Federal Register

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Other industrial

Mechanisms

Subsidy / incentive

Role pressure

  • ProtectiveDomestic producer — U.S. goods and services exporters gain competitive financing advantage via Ex-Im Bank backing for Shanghai Metro project
  • ProtectiveEquipment supplier — U.S. suppliers of metro construction equipment and services benefit from guaranteed financing mechanism

Geographies

USCN

Exposure dates

  • — Determination effective; Secretary of State to report to Congress and publish in Federal Register

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MCATCaterpillarFCXFreeport-McMoRanGEVGE VernovaHONHoneywellSPYSPDR S&P 500 ETF

Confidence: high · Policy alerts

Key directives

  • Authorize Ex-Im Bank to extend ~$60 million loan to China for Shanghai Metro Phase II, Line I
  • Secretary of State to report determination to Congress
  • Secretary of State to publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Determination signed and effective September 30, 1997
  • Secretary of State directed to report to Congress and publish in Federal Register

Near term (90d)

  • Congressional notification
  • Federal Register publication (occurred October 8, 1997)

Long term

  • Ex-Im Bank loan disbursement and project execution for Shanghai Metro Phase II, Line I

Risks & tensions

  • Export credit competition with other nations for infrastructure projects in China
  • Potential congressional scrutiny of Ex-Im financing to China given human rights and trade policy concerns of the era
  • Vague 'approximate amount' leaves final loan terms somewhat open
Presidential Determination: Presidential Determination on Ex-Im Loan to China for Shanghai Metro · Executive Orders