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Chinese export insurance company maintains steady business growth in H1

Abstract : China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first half of this year despite the COVID-19

BEIJING, July 19 (Xinhua) — China’s only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first half of this year despite the COVID-19 pandemic.

The China Export & Credit Insurance Corporation, also known as SINOSURE, had served over 126,000 clients, increasing 21.1 percent year on year in the first six months.

During the January-June period, the company had underwritten over 324.6 billion U.S. dollars worth of insured businesses.

Of the total, the insurer offered about 266.9 billion dollars of short-term export credit insurance and 176.5 billion dollars (about 25.2 billion dollars) of export credit insurance for domestic trade, up 5.2 percent and 20.1 percent year on year, respectively. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: Chinese export insurance company maintains steady business growth in H1

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