China export credit insurance Corporation (hereinafter referred to as "Sinosure") today announced the latest statistics show that China's short-term export credit insurance covers size is 9 September break through the $ 100 billion mark. As at 15 September, the size of the short-term export credit insurance has reached 1043.9 billion, an increase of 107.2%.
"This year, Sinosure development momentum, robust, comprehensive strength significantly enhanced to support foreign economic and trade development capabilities have made new breakthroughs. It is expected that by 2010, Sinosure in global all official export credit agency (ECA) business rankings will jump to the first. "As far as Sinosure General Manager Wang Yi, Sinosure actively respond to national" implement and improve export credit insurance, and other policy measures ", focusing on national industrial revitalization of planning and regional development strategies, in the continuous improvement of products and services, to promote the development of foreign trade patterns, Sinosure's own development, management and risk control also has a qualitative leap.
According to statistics, as of 14 September, Sinosure insurance and guarantee business total insured 1269.3 billion, is the year of 2009 1.1 times. Among them, export credit insurance underwriting amount reached 1101.9 billion, an increase of 113.6%; investment and rental insurance underwriting amount 44.5 billion, an increase of 43.4%; domestic trade credit insurance underwriting amount 765.8 billion yuan, an increase of 29.3%; new guarantee amount 10.1 billion yuan, an increase of 108.3%. Export credit insurance services customer numbers grew 51.6% coverage further expanded.
August 1-, short-term export credit insurance support export to Russia, Brazil, India and other emerging market countries of 423 billion, an increase of business 91.2%; support for exporting to developed countries account for 90 days or more long term business 194.9 billion, an increase of 112.7%; exports to developed countries supported time credit business 77.4 billion, an increase of 104.9%, China's export total directly pull 694.7 million 97.9 percent.
In addition, in the national large-scale equipment export finance insurance special arrangements, Sinosure cumulative gain to the State Council for approval of the "special arrangements" item 68, involving contract amount 210.9 billion; total completion of underwriting programme 140 covers 43 export countries, support the areas of electricity, telecommunications, railway, marine, petrochemical, transportation, aviation and other 10 multiple industries. (Zhanglan)
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