CCTV News:China Export Credit Insurance Corporation is a policy insurance company aiming at encouraging exports in China. Since the beginning of this year, in the face of the extremely complicated international environment and unexpected domestic epidemic, China Xinbao has fully played a policy role in export protection, service and joint construction of the "Belt and Road" and risk prevention and control. In the first half of the year, the underwriting amount exceeded US$ 445 billion.
According to reports, in the first half of this year, China Xinbao realized an underwriting amount of 445.13 billion US dollars, an increase of 11.8% year-on-year; Paid compensation of 730 million US dollars, up 17.0% year-on-year; Support exports and investments to countries along the "Belt and Road" of 95.12 billion US dollars, up 13% year-on-year; The amount covered by export credit insurance accounts for 21.8% of China’s total exports.
In terms of supporting small and medium-sized enterprises, in the first half of the year, short-term export credit insurance supported 140,000 small and medium-sized enterprises, with an underwriting amount of US$ 104 billion, an increase of 8.4% year-on-year.
In terms of ensuring the stable and smooth supply chain of industrial chain, in the first six months of this year, China Xinbao supported the export of seven key industrial chains, including electronic information, household appliances, vehicle construction machinery, biomedicine, new energy, textiles and clothing and modern agriculture, with a year-on-year increase of 12.7%.