SINOSURE Short-term Export Credit Insurance Soars

China Export & Credit Insurance Corporation (SINOSURE), the country’s only policy-oriented insurance company specializing in export credit insurance, saw insured amount of short-term export credit insurance exceed USD 100 billion as at September 9 this year.

The insured amount came to USD 103.85 billion by September 14, swelling by 106.4 percent over a year earlier. In the meanwhile, insured amount of insurance and guarantee businesses stood at USD 126.93 billion, zooming by 110 percent from last year.

Insured amount of export credit insurance got at USD 102.09 billion and accounted for 22.5 percent of export value in general trade in the first eight months, 3.9 percentage points higher than 18.6 percent last year.

The export credit insurance in supporting China’s foreign trade and economic cooperation has been increasingly more significant. SINOSURE has supported exports, home trade, and investments with a total of more than USD 290 billion since establishment, with thousands of policyholders and more than hundreds medium- and long-term projects covered.