17 July 2019

Sinosure export insurance up 10% at US$300 bln, Xinhua says

China Export & Credit Insurance Corporation (Sinosure) said the insured amount it provided for short-term exports in 2013 grew 10 percent to US$300 billion from the previous year, while its insurance plans covered Chinese exports to 218 countries and regions, the official Xinhua news agency reported Monday. The state-owned insurer also said it paid enterprises and banks a total of US$850 million in claims this year while helping firms recover more than US$300 million in accounts receivable from overseas companies. Short-term export insurance is a core product of Sinosure, offering domestic companies guarantees for payment of exports with a term of one year, the report said.

– Contact HKEJ at [email protected]




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