Sinosure is expected this year, the global official export credit agency business list

--Shanghai September 17 Apr: Chinese export credit insurance company Shanghai Branch 17, revealed that, as of September, China's export credit insurance of short-term export credit insurance underwriting scale break $ 100 billion mark, 14 September cover size reached 1038.5 billion, an increase of 106.4%. Over the same period the company insurance and guarantee business total insured 1269.3 billion, is the year of 2009 1.1 times.

According to this momentum, the 2010 Sinosure in all official export credit agency (ECA), the ranking of business, is expected to rise to the first.

2010, China letter guaranteed to continue positive underwriting policy, direct pull on emerging markets and put some long-term accounts business. According to statistics, in January-August, the company's short-term export credit insurance support Chinese exports to Brazil, Russia, 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% direct pull Chinese exports total 694.7 billion, an increase of 97.9%.

Currently, Sinosure cumulative for the Chinese Government approved 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.

Japan NEXI short-term export credit insurance from 734 million expansion to 1047 million over 5 years; Korea K-Sure short-term export credit insurance from 555 million increase to 1171 million spent 4 years time. By Sinosure short-term export credit insurance from 406 billion to us $ 100 billion mark at breakthrough, lasted less than two years. With this momentum, the 2010 Sinosure export credit insurance for insured and short-term export credit insurance, the insured may ranks first in global official export credit agency. (The end)