China Export&Credit Insurance Corporation supported a domestic and international trade amount of 86 billion US dollars in Shenzhen last year
In 2023, China Export and Credit Insurance Corporation Shenzhen Branch (hereinafter referred to as "China Export and Credit Insurance Shenzhen Branch") fully played the role of export credit insurance, supporting Shenzhen's domestic and foreign trade amount to reach 86 billion US dollars, and making positive contributions to promoting stability and quality in Shenzhen's foreign trade.
China Export&Credit Insurance Corporation Shenzhen Branch supports Shenzhen's foreign trade exports of $79.1 billion and overseas investment of $2.1 billion for Shenzhen enterprises; Supporting domestic trade of Shenzhen enterprises by 33.7 billion yuan, a year-on-year increase of 21%. The service supports over 22000 foreign economic and trade enterprises, with a coverage rate of over 60%, continuing to rank among the top in the country, and the role of export credit insurance is further enhanced.
In 2023, China Export&Credit Insurance Corporation (Sinosure) signed strategic cooperation agreements with the Shenzhen Municipal Government, the Shenzhen Branch of Sinosure, and key district governments such as Bao'an District and Longgang District, to support the integration of measures for the construction of the Guangdong Hong Kong Macao Greater Bay Area and Shenzhen Pilot Demonstration Zone into city level cooperation. Among them, China Export&Credit Insurance Corporation Shenzhen Branch has innovatively established the first batch of street export credit insurance service stations in Bao'an District, sinking export credit insurance services to the streets and deeper integrating into Shenzhen's economic development.
To solve the problem of small and medium-sized foreign trade enterprises being hesitant to accept orders and unable to do so, since 2020, China Export&Credit Insurance Corporation Shenzhen Branch has innovatively provided basic export credit insurance protection services for small and medium-sized export enterprises in Shenzhen with an annual export value of less than 8 million US dollars, achieving a historic breakthrough in the coverage of export credit insurance for small and medium-sized enterprises, and creating a model of inclusive finance for small and micro enterprises in Shenzhen.
In supporting the development of key industrial chains, China Export&Credit Insurance Corporation Shenzhen Branch focuses on the "20+8" industrial cluster in Shenzhen, providing services to support the "dual circulation", and supporting the export value of electronic information, household appliance consumer electronics, medical devices, and new energy industrial chains exceeding 40 billion US dollars throughout the year; Fully leverage the credit enhancement role of export credit insurance financing, increase financing support for key industrial chains, and provide policy financing to support the credit enhancement of the aforementioned industrial chains, with a credit enhancement amount exceeding 17 billion yuan, a year-on-year increase of 17%, effectively supporting the export of the aforementioned industrial chains; We will adhere to the dual guarantee of "export+domestic trade" for key industrial chains, further leverage the synergistic effect of export credit insurance and domestic credit insurance, and support the domestic credit sales business of the above industrial chains with over 30 billion yuan through domestic credit insurance, a year-on-year increase of 14%, ensuring the smooth operation of the supply chain and key links of key industrial chains.