For example:
Foreign buyer A received a quota of US$ 5 million from China CITIC Insurance Company. A domestic company B applied to CITIC Insurance for a line of 6.5438+0 million to this buyer, with a total amount of 4 million left. Other companies will redistribute it from the re-applied 4 million until it is used up.
China Export Credit Insurance Corporation
China Export Credit Insurance Corporation, referred to as China Xinbao for short, is a central financial enterprise and one of the four major policy financial institutions in China. It is the only policy insurance company in China that undertakes export credit insurance business, and it is a vice-ministerial unit directly under the central management. 200165438+February 18 officially opened for operation, 15 functional departments, including the business department of the head office, 18 branches and 6 business management departments. It has formed a nationwide service network, set up a representative office in London, England, and sent working groups to Russia, Brazil, South Africa and Dubai.
In 2020, China Xinbao underwritten US$ 704.07 billion. On May 3, 2020, as the first sponsor, the National Development and Reform Commission and other departments launched the "Digital Transformation Partnership Action".
China Export Credit Insurance Corporation (hereinafter referred to as China Xinbao) is the only policy insurance company in China that undertakes export credit insurance business, and it is also one of the four major policy financial institutions in China. 200 1, 65438+February, 18 officially opened for operation. The capital of the company is about 30 billion yuan, and the source of funds is the export credit insurance risk fund, which is arranged by the state budget.
The business scope of China Xinbao 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; Export credit insurance services and information consulting services such as accounts receivable management and commercial accounts collection; Import credit insurance business; Insurance fund utilization business; Other approved businesses. China Xinbao has also introduced Xinbaotong e-commerce platform and SME insurance platform with multiple service functions to the market, so that our customers can enjoy faster and more efficient online services.