Usually, state-owned and public institutions support the interests of domestic enterprises in the international market. ECA provides government loans, guarantees and insurance (credit insurance to help enterprises bear political and commercial risks) for domestic enterprises engaged in cross-border transactions.
Most OECD member countries have at least one ECA institution, which is an official or semi-official subordinate institution of their governments. The earliest ECA in the world is the British Export Credit Guarantee Corporation (ECGD), which was established in 19 19.
Others include the US Export-Import Bank (USEXIM) in the United States, the French Foreign Trade Bank in France and so on.
Extended data:
China Export Credit Insurance Corporation is a state-owned policy insurance company with independent legal personality, which is funded by the state and supports the development and cooperation of China's foreign economy and trade. It was officially put into operation on 200 1, 12 and 18, and its service network covers the whole country.
China Xinbao promotes the development of foreign trade and economic cooperation by providing insurance services for foreign trade and investment cooperation, and focuses on supporting the export of goods, technologies and services, especially capital goods such as high-tech and high-value-added mechanical and electrical products, so as to promote economic growth, employment and balance of international payments.
The main products and services include: medium and long-term export credit insurance, overseas investment insurance, short-term export credit insurance, domestic credit insurance, credit guarantee and reinsurance related to export credit insurance, accounts receivable management, enterprise collection, information consultation and other export credit insurance services.
Baidu encyclopedia -ECA