Liang Zhidong
Chief Operating Officer, People’s Insurance Company of China (PICC
Introduction
The Chinese credit insurance system initiated from the export credit insurance business, which was started in 1988, when The People’s Insurance Company of China set up a department specialising in this line of insurance. In 1994, China Exim Bank also set up a department with similar functions. Of the two organizations, PICC is by far the biggest. This can be seen from the following table: