Sinosure’s insured amount in 2020 exceeds US$700 billion for the first time

Sinosure's insured amount in 2020 exceeds US$700 billion for the first time

According to China Export & Credit Insurance Corporation, in 2020, Sinosure’s annual insured amount reached 70.07 billion U.S. dollars, an increase of 15.5% year-on-year; indemnities paid to customers were 1.81 billion U.S. dollars, an increase of 32.4% year-on-year; support for the “Belt and Road” countries Exports and investment amounted to US$152.63 billion, an increase of 14.1%; to support domestic trade of RMB 406.54 billion, an increase of 22.4% year-on-year, giving full play to the role of finance in supporting the real economy, bringing greater confidence to market players, and providing enterprises with stable production and foreign trade A strong guarantee.

As the only policy-oriented export credit insurance institution in China, China Credit Insurance has launched a number of inclusive financial policies and measures, covering underwriting, claims, financing and other aspects, to help foreign trade companies resume work and reach production, and provide small and micro enterprises. Provide guarantee and support for the development of the real economy. In 2020, China SINOSURE served 116,000 small and micro enterprises, a year-on-year increase of 31.9%; supported small and micro enterprise exports to nearly US$100 billion, a year-on-year increase of 41.1%; paid nearly US$120 million in compensation to small and micro enterprises, a year-on-year increase of 28.1%; Small and micro enterprises provided 16.4 billion yuan in insurance policy financing, a year-on-year increase of 86.6%.