China Export and Credit Enters Strategic Agreements
Beijing-based China Export and Credit Insurance Corp. (Sinosure) [77801] said it has signed strategic agreements with northern China’s Dalian municipal city, as well as east China’s Shandong and Jiangsu provinces for the development of export credit insurance among domestic enterprises aimed at reducing export risks.
According to the Dalian municipal government, the agreement will support the development of export and credit insurance in the city and encourage deeper cooperation between Sinosure and domestic financial institutions such as insurers, banks and other enterprises. Through the agreement, the city also will study how government can provide financial support to help Sinosure encourage more enterprises using export and credit insurance.
For the agreements with the two provinces, Sinosure said it will support the development of those provinces’ economic and trading sectors in six areas, including the establishment of credit risk management systems and providing training for enterprises.
Under the agreement, both parties also will help enterprises to effectively respond to economic and policy changes in the export sector, expand exports for trading goods, encourage exports of high-tech goods, mechanical and electrical products, as well as deep-processing agricultural products, and establish an export processing base for brand products.
Both parties will provide risk management consultants and evaluation services for enterprises.
—Rebecca Ng

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