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What is China Credit Guarantee?

Views:1     Author:Site Editor     Publish Time: 2016-06-28      Origin:Site Inquire

China Credit Insurance is a Chinese export-European insurance company, a state-owned policy insurance company established and supported by the state to support the development and cooperation of China's foreign export trade.
Sinosure is\"The abbreviation of China Export Credit Insurance Corporation\".
China Export Credit Insurance Corporation (referred to as\"China Credit Insurance\") is a state-owned policy insurance company established by the state funded to support China’s foreign economic and trade development and cooperation and has an independent legal person status. It is the only two financial institutions in China that have a policy export credit insurance business. One (the other is PICC PICC), was established on December 18, 2001, and has formed a service network covering the whole country.
Business purpose
The company's business objectives are: \"To provide insurance and other services for foreign trade and foreign investment cooperation, to fully support foreign economic development, promote economic growth, employment and balance of payments\".
Company mission
The main task of China Credit Insurance is to actively cooperate with national policies on foreign affairs, foreign trade, industry, finance and finance, and support export of goods, technology and services through policy export credit insurance, especially high-tech, high value-added mechanical and electrical products The export of capital goods, etc., supports Chinese enterprises to invest overseas, and provides foreign exchange risk protection for enterprises to develop overseas markets.
Business Scope
China Credit Insurance's business scope includes: medium and long-term export credit insurance business; overseas investment(Leasing) insurance business; short-term export credit insurance business; import credit insurance business; investment insurance business in China; domestic credit insurance business; domestic investment insurance business; guarantee business related to foreign trade, foreign investment and cooperation; domestic guarantee business; Reinsurance business related to credit insurance, investment insurance and guarantee; insurance fund utilization business; account receivable management, commercial account collection and factoring business; credit risk consulting, rating business, and other business approved by the state. China Credit Insurance also launched an e-commerce platform with multiple service functions to the market-\"Credit Insurance\" and the \"SME Credit Insurance E Plan\" insurance system that specifically supports the export of small and medium-sized enterprises, so that customers can enjoy more Fast and efficient online service.

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