Rongxinda business is a financing business provided by our bank for export trade that has been insured by China Export Credit Insurance Corporation. The exporter provides documents, relevant certificates for insuring export credit insurance and an indemnity transfer agreement. According to the business scope of CITIC Insurance Company, it can be divided into short-term "Rongxinda" and medium-and long-term "Rongxinda". According to whether recourse is reserved, it can be divided into "Rongxinda" with recourse and "Rongxinda" without recourse.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
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