China Construction Bank (CCB) and China Export & Credit Insurance Corp. (CECIC) have signed an overall cooperation agreement and a long- and medium-term business cooperation agreement. The bank-insurance alliance will provide export buyer's credit and export credit insurance to help domestic companies enter into international markets.
The two partners will accelerate cooperation in clients, products and information, jointly develop clients' potential demands and will meet the financing and insurance demands of the clients commended by the other side. Cooperation in and development of insurance-financing products, research and the upgrading of the existing operation in business cooperation and giving of more support to domestic companies in export buyer's credit granting is also planned.
