China Export and Credit Insurance Corporation (Sinosure in English) is the only policy insurance company that undertakes export credit insurance business in my country, and is also one of the four policy financial institutions in my country.

It was officially opened for operation on December 18, 2001. The company has a capital of approximately 30 billion. The capital source is the export credit insurance risk fund and is arranged by the national fiscal budget.

On May 14, 2011, the State Council approved the overall reform implementation plan and the revised draft of the articles of association of Sinosure, which further clarified the company's policy positioning and significantly increased the company's capital. Central Huijin Investment Co., Ltd. (hereinafter referred to as Huijin) 200

The capital injection of RMB 100 million was in place at the end of June 2011. In November 2011, with the approval of the Standing Committee of the Political Bureau of the CPC Central Committee, the Sinosure leadership team was included in the central management.

On March 17, 2012, Sinosure was upgraded to deputy ministerial level state-owned enterprise.

Sinosure's business scope includes: medium and long-term export credit insurance business; overseas investment insurance business; short-term export credit insurance business; domestic credit insurance business; credit guarantee business and reinsurance business related to export credit insurance; accounts receivable management, commercial

Export credit insurance services and information consulting services such as debt collection; import credit insurance business; insurance fund utilization business; and other approved businesses.

China Sinosure has also launched the "Sinosuretong" e-commerce platform with multiple service functions and an insurance platform for small, medium and micro enterprises to the market, allowing customers to enjoy faster and more efficient online services.

Since the establishment of the company, export credit insurance has increasingly played an increasingly important role in supporting China's foreign economy and trade.

Especially during the international financial crisis, export credit insurance gave full play to the leverage role of stabilizing foreign demand and promoting export transactions, helping the majority of foreign economic and trade enterprises to solve the problem of "fearless to accept orders" and "unable to accept orders". In "grabbing orders"

It has played an important role in securing orders and ensuring the market.

As of the end of 2012, China Sinosure has supported domestic and foreign trade and investment of approximately US$1 trillion, provided export credit insurance services to tens of thousands of export companies, and provided insurance support for hundreds of medium and long-term projects, including high-tech

A total of US$4.34 billion in compensation has been paid to enterprises for export projects, export projects of large-scale mechanical and electrical products and complete sets of equipment, and large-scale foreign engineering contracting projects.

At the same time, Sinosure has also led more than 160 banks to finance export enterprises with a total of approximately 1.5 trillion yuan.

Sinosure currently has 15 functional departments, and its business organizations include the head office business department, 18 branches and 6 business management departments. It has formed a nationwide service network and has a representative office in London, UK.

The company's business purpose is: "Promote the development of foreign economic and trade by providing insurance and other services for foreign trade and foreign investment cooperation, focusing on supporting the export of goods, technology and services, especially high-tech, high value-added mechanical and electrical products and other capital products

Exports of goods promote economic growth, employment and balance of payments."