Treatment of China Export and Credit Insurance Corporation: Company Profile China Export and Credit Insurance Corporation is the only state-owned policy insurance company in my country established with the approval of the State Council. It is mainly engaged in policy export credit insurance and related businesses, providing enterprises with foreign exchange risk protection and financing facilities. and risk management services to support enterprises’ exports of goods, technologies, services and foreign investments.

The capital source of Sinosure is the Export Credit Insurance Risk Fund, which is arranged by the national fiscal budget.

1. China Export and Credit Insurance Corporation, referred to as China Export and Credit Insurance Corporation, is a central financial enterprise and one of China’s four policy financial institutions.

It is the only policy insurance company in China that undertakes export credit insurance business and is a deputy ministerial-level unit directly under the central government.

It was officially opened for operation on December 18, 2001. There are currently 15 functional departments. The business organizations include the head office sales department, 18 branches and 6 business management departments. It has formed a nationwide service network and has one in London, UK.

The representative office has dispatched working groups to Russia, Brazil, South Africa and Dubai.

2. China Export and Credit Insurance Corporation 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.

3. 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)

) The capital injection of RMB 20 billion was in place at the end of June 2011. 4. The main tasks of Sinosure are: to actively cooperate with national diplomacy, foreign trade, industry, finance, finance and other policies, and to support goods, technology through policy export credit insurance means

Exports of goods and services, especially capital goods such as high-tech and high value-added mechanical and electrical products, support Chinese enterprises in investing overseas, provide foreign exchange risk protection for enterprises to explore overseas markets, and provide support in export financing, information consultation, receivables, etc.

Account management and other aspects provide fast and complete services to foreign economic and trade enterprises.

5. China Sinosure underwrites country risk and buyer risk.

Country risks include the buyer's country's foreign exchange collection control, government expropriation, nationalization and war, etc.; buyer's risks include the buyer's credit risk (arrears, non-payment and bankruptcy, etc.) and the buyer's bank risk (the risk of the issuing bank or confirming bank).