The policy value of Shanghai's export credit insurance surged 41.8 per cent from a year earlier to US$19.87 billion in the first 10 months, according to the Shanghai Branch of the China Export Credit Insurance Corp.
HSBC has predicted an increasing role of the yuan for trade settlements between China and the rest of Asia and emerging economies.
DS-Concept Factoring, Inc. has announced the official opening of a Shanghai Representative office with a new Vice President of Operations.
The Chinese city of Wenzhou has moved towards financial reform that will inject more money into the system to help small and medium-sized enterprises (SMEs).
The Bank of Nanjing Co. Ltd, one of China s 16 listed banks, has now become an Octet Financial Institution member.
Ningbo's Municipal Government and the China Export & Credit Insurance Corporation have signed an agreement of cooperation to help export enterprises solve the problem in accepting orders and to strengthen the market.
A subsidy programme to facilitate domestic small- and mid-sized traders' purchases of trade credit insurance has markedly eased trading risks, according to the Ministry of Commerce (MOC).