General 13, published data show that China's export and import values in September, 2731 24.7 percent, refreshing July record 2622.9 million records, a record high. Exports 1449.9 billion, an increase of 25.1 per cent, continued to maintain a high level.
"In dealing with the international financial crisis, China's exports to overcome difficulties and achieve stable development, export credit insurance ' escort ' role. "Sinosure Shanghai Branch Manager Zhu Shou said.
Export credit insurance leaps
Export credit insurance as a policy-related financial instruments, foreign buyer insolvency, arrears, rejection or the buyer's country place political events take insurance liabilities, ensure the safety of foreign enterprises, promote enterprises undertake overseas orders.
China export credit insurance Corporation (hereinafter referred to as Sinosure) provides the latest information, Sinosure short-term export credit insurance recent breakthroughs in the multi-billion dollar mark, at the same time, the medium and long-term export credit insurance in the implementation of the "special arrangements" in progress. 2010, Sinosure in all official export credit agency (ECA) business rankings, is expected to rise to the first.
As of 14 September this year, China letter BUPA insurance and guarantee business total insured 1269.3 billion, is the year of 2009 1.1 times. Export credit insurance services customer number 51.6 percent coverage further expanded.
Compared with the international film industry, Japan NEXI short-term export credit insurance from 734 million (2001) expansion-1047 million (2006), which lasted 5 years; Korea K-Sure short-term export credit insurance from 555 million (2005) increased to $ 1171 (2009), spent 4 years; Sinosure short-term export credit insurance from 406 billion in 2008, to break through the $ 100 billion mark, which lasted less than two years.
Export enterprises: spend money to buy big development
"Thanks to Sinosure this ' umbrella ', help company weathered financial crisis. "Edward Kang was awarded as industrial Lu Kim said.
Edward Kang was awarded as Shanghai Industrial is an established brand garment export enterprises, the European major accounts Germany Germany guangli is the largest mail-order catalog retailers, in Chinese textiles export industry is famous for purchasing giants. 2009 financial crisis intensified, Edward Kang was awarded as an organization to risk prevention, will cover all foreign trade export export credit insurance. After less than two months, Germany kwong Lee and the other two important customers in just a few days has declared bankruptcy.
With Sinosure timely claims, Edward Kang was awarded as an overseas company million in receivables and quickness. And this is in stark contrast, Edward Kang was awarded as industry a nearby similar enterprises of the same customer, because there is no insured losses, had to compress the size, cut off half of staff.
Export credit insurance can broaden enterprise financing channels, in particular small and medium-sized enterprises by lack of collateral. Because Sinosure have sovereign rating of credit rating, and global 100 Bank-insurance cooperation agreement was signed, the Bank can Sinosure underwriting business receivables, provide the appropriate amount of unsecured guarantee of trade financing.
To Shanghai Tang Fu electronic co., Ltd., for example, insured credit insurance, Sinosure timely introduction of cooperative banks, Tong Fuk after each business insurance can get Bank 80 per cent of funding support. Over the past year or so, Tong Fuk by Sinosure policy financing business received a loan of $ 50 million 2386.
"Export credit insurance in helping companies develop international markets also play an important role. "Sinosure Shanghai Branch Manager Assistant Lu Tung said," the exporter proceeds in security are guaranteed, dare to importers provide preferential trade conditions, can be a large number of goods on credit and thus in the international competition in a better position to obtain financing for importers also indirectly, reduce the cost of trade support. "
Shanghai textile holding group is the national textile export enterprises one of the top three, Group Vice President Peter Shen Yue told reporters that affected by financial crisis impact deeper European, American and Japanese traditional market recovery will take time, but went away to emerging markets is the biggest challenge is the collection risk. With Sinosure's cooperation, Shanghai textile can be assured that boldly with clearing conditions winning export orders. In 2009, the company exports decline rates significantly lower than the industry standard, the company had exported xinlian spinning more 4.16%, caused quite a stir. Optimization of the export structure of booster service trade
In order to implement the national top ten industrial revitalization plan and the related industrial policy, Sinosure established the electromechanical, high-tech, automotive, light industry, textiles, agricultural products and pharmaceuticals industries, one of the seven key support to adopt positive underwriting policy, an insurer resource priority to tilt the seven key industries, actively guide enterprises to adjust the export product structure.
As of the end of August this year, Sinosure support vehicle export 16.2 billion, an increase of 52.5 per cent higher than the corresponding export growth. Currently export credit insurance on national vehicle export base Enterprise coverage to 90%.
The export trade against Enterprise Service "service first, charges during the latter part of the" trade mode on the Exchange collection risk concerns, Sinosure on traditional goods trade export credit insurance product is actively engaged in innovation, and better solve the underwriting services trade Forex loss on technical issues, in time to meet the needs of the enterprise. Currently, Sinosure have aircraft maintenance, project consulting, oil exploration, chip testing and other services trade export provides a strong risk protection.
Zhu Shou said: "China's exports are facing competition from developing countries, and also facing developed countries. In the credit environment has radically improved, trade protectionism, proceeds in the context of the risk, to further develop export letters
With insurance ' escort ' role. To make use of this financial instrument, the vigorous promotion of trade in services, foreign trade export, to promote the structural transformation of the upgrade. "