Wu Dingfu, chairman of China Insurance Regulatory Commission has expressed his expectations that China Export & Credit Insurance Corporation (SinoSure) will play a greater role in boosting China's exports, and adapt to new situations to create a better performance. Mr. Wu hopes that SinoSure will become a giant in China's insurance sector.
Mr. Wu said that the increasing opening up of China to the outside world and foreign trade have created limitless development scope for the export credit insurance sector. However, SinoSure currently handles only a small portion of China's export business volume. Thus, SinoSure is expected to resort to new means to speed up its business growth and to further facilitate China's foreign trade.
