Approval has been received from the China Banking Regulatory Commission for seven of the nine branches belonging to the Hongkong and Shanghai Bank Corporation Limited (HSBC) to provide renminibi (RMB) banking services to local corporations in main
Zurich's Emerging Markets Solutions group, the political risk and trade credit insurance unit of Zurich, has signed a memorandum of understanding with the China Export & Credit Insurance Corporation (SINOSURE).
China Export & Credit Insurance Corp (Sinosure) has signed a landmark deal with Standard Chartered Bank (SCB) to jointly offer Chinese exporters credit insurance coverage and trade financing services.
China's central bank said that further measures might be needed to slow credit growth after it tightened monetary policy by raising some interest rates.
Shandong Zhucheng Foreign Trade Group Corporation (Zhucheng Foreign Trade), a leading poultry meat exporter, has received compensation of US$760,000 from China Export & Credit Insurance Corporation (CECIC).
China's top legislators and advisers are calling for the government to beef up efforts to solve funding difficulties that affect the further expansion of private businesses, mostly small- and medium-sized enterprises (SMEs).
China's industrial output soared 23.2 per cent in February from a year earlier, official data shows, suggesting the economy is not slowing down despite warnings of overheating.
China's national revenue exceeded 2 trillion yuan for the first time to reach 2.1691 trillion yuan in 2003, said Minister of Finance Jin Renqing at the Second Session of the Tenth National People's Congress (NPC).
China has two organisations providing official export credit support: the China Eximbank, which was established in 1994 and China Export & Credit Insurance Corp (Sinosure), which was established in late 2001.
In order to expand its presence in the Chinese market the Euler Hermes Group has entered into a cooperation agreement with China’s leading Export and Credit Corporation, SINOSURE. The cooperation agreement was signed on 4 February 2004.
