China Export & Credit Insurance Corporation (SINOSURE) is the only policy-oriented Chinese insurance company specializing in export credit insurance. It started operation on December 18,2001. The company has a registered capital of RMB 4 billion which came from the Export Credit Insurance Risk Fund as arranged by the State fiscal budget. Headquartered in Beijing with 16 functional departments and one operational department, SINOSURE has built a service network of 12 branches and 7 business offices nationwide and a business office in London, UK.

SINOSURE is mandated, in accordance with the Chinese government's diplomatic, foreign trade, industrial, fiscal, and financial policies, to promote Chinese exports and foreign investments, especially the export of high-tech or high added-value capital goods, by means of export credit insurance, export financing facilitation, information, and receivables management services.

SINOSURE offers coverage against political risks and commercial risks. Political risks include restrictions on transfer and remittance of foreign exchanges, expropriation, nationalization and war, etc. Commercial risks include credit risks on the part of buyers (default, bankruptcy and rejection of goods) and credit risks on the part of buyer's banks (e.g. the issuing bank or confirming bank in the case of L/Cs).

For more details, please refer to: http://www.sinosure.com.cn/sinosure/english/English.html