Central Huijin Invests 20 Billion Yuan in China Export and Credit Insurance Corp
Export credit financing is one instrument used by governments to support domestic exporters. In China, export financing and insurance are directed through three organizations, China’s Eximbank, the China Development Bank (CDB), and the China Export & Credit Insurance Corporation (Sinosure).
China has poured hundreds of billions in the last few years to achieve an aggressive model of export credit financing, far superior in terms of capital than the United States.
Central Huijin Investment Co invested 20 billion yuan in China Export & Credit Insurance Corporation (Sinosure). This move was to assist Chinese companies in furthering their exports and investing overseas.
Sinosure is a state-owned enterprise that provides credit insurance services for exporters and other organizations. Sinosure began its operations on December 18, 2001. The organization provides export credit insurance against risks of non-payment. Sinosure offers coverage against commercial risks and political risks.
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