|China Export & Credit Insurance Corporation (SINOSURE) | |
Export Credit Agency (ECA) in China
About China Export & Credit Insurance Corporation
The China Export & Credit Insurance Corporation (SINOSURE) is a state-funded and policy-oriented insurance company established and supported by the state to promote China’s foreign economic and trade development and cooperation.
As an independent legal entity, SINOSURE was officially launched on 18 December 2001, to provide export credit insurance against non-payment risks for China’s foreign trade and investment cooperation. This helps SINOSURE to promote Chinese exports of goods, technologies and services, especially the exporting of high-tech and high-value-added capital products such as mechanical and electrical products. In this way, SINOSURE further supports China’s economic growth, creates employment, and maintains the county’s international balance of payments.
Taking ‘performing policy functions and serving open economy’ as its mission statement, SINOSURE effectively serves the national interest. It does so via actively expanding its coverage of export credit insurance to new clients and plays a key role in supporting the construction of the Belt and Road Initiative (BRI), promoting the growth of foreign trade and cultivating new ways to foster international economic cooperation and competition.
As of the end of 2021, SINOSURE had cumulatively supported more than USD 6.16 trillion of domestic and foreign trade and investment, provided credit insurance-related services for over 240,000 enterprises, paid a total of USD 17.85 billion in claims and facilitated nearly 300 banks offering more than RMB 4 trillion of financing for exporters. According to the Berne Union, the total insured amount of SINOSURE has been continuously ranked top among ECA members since 2015.
Focusing on the area of credit risk management, SINOSURE has established the Country Risk Research Centre and the Credit Rating Centre. Its credit information database covers more than 320 million global enterprises and banks. SINOSURE also has more than 400 information channels at home and abroad, whose credit reporting and recovery business cover all countries and regions and major sectors across the globe.
A summary of China Export & Credit Insurance Corporation
Products and services offered by China Export & Credit Insurance Corporation
SINOSURE’s main products and services include:
- Medium and long-term export credit insurance
- Overseas investment insurance
- Short-term export credit insurance
- Domestic trade credit insurance
- Bonds & guarantees and reinsurance related to:
- Export credit insurance
- Accounts receivable management
- Information consultation services.
Raw Materials – From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio
Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished
Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals
Are you an exporter based in China?
See our TFG China Export guide here .