Sinosure Maintains Its Support for Businesses in Shanghai
by Axton Global | Reviewed by Igor Sokolov, CEO
Posted: • Updated:
Sinosure, the China Export & Credit Insurance Corporation, has signed a strategic cooperation agreement with the Shanghai Municipal People's Government, continuing their partnership initiated in 2017.
As China's largest economic hub and a global showcase, Shanghai has significantly benefited from Sinosure over the years. Since the initial agreement, Sinosure has played a key role in strengthening Shanghai’s economic development.
Key achievements include supporting foreign trade exports worth $285.51 billion, facilitating 96 international economic projects valued at $35.19 billion, and serving 17,100 enterprises. Sinosure has also paid compensations and mitigated losses totaling 8.37 billion yuan, assisted enterprises in gaining 69,000 new overseas customers, and approved new buyers' credit lines of $58.73 billion.
These efforts have led to an export credit insurance coverage rate of 37.1% for Shanghai, highlighting Sinosure's significant impact on stabilizing foreign trade, fostering economic growth, managing risks, and expanding markets.
The new strategic cooperation agreement aims to further enhance Sinosure's regulatory role as a policy-based export credit insurer. Sinosure plans to concentrate on its main responsibilities and provide more professional, targeted, and innovative insurance services to better support Shanghai’s dynamic economic environment.
Source: https://www.sinosure.com.cn/xwzx/xbdt/218473.shtml
As China's largest economic hub and a global showcase, Shanghai has significantly benefited from Sinosure over the years. Since the initial agreement, Sinosure has played a key role in strengthening Shanghai’s economic development.
Key achievements include supporting foreign trade exports worth $285.51 billion, facilitating 96 international economic projects valued at $35.19 billion, and serving 17,100 enterprises. Sinosure has also paid compensations and mitigated losses totaling 8.37 billion yuan, assisted enterprises in gaining 69,000 new overseas customers, and approved new buyers' credit lines of $58.73 billion.
These efforts have led to an export credit insurance coverage rate of 37.1% for Shanghai, highlighting Sinosure's significant impact on stabilizing foreign trade, fostering economic growth, managing risks, and expanding markets.
The new strategic cooperation agreement aims to further enhance Sinosure's regulatory role as a policy-based export credit insurer. Sinosure plans to concentrate on its main responsibilities and provide more professional, targeted, and innovative insurance services to better support Shanghai’s dynamic economic environment.
Source: https://www.sinosure.com.cn/xwzx/xbdt/218473.shtml
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info@axtongl.com