Chinese export insurance company maintains steady business growth in H1

Source: Xinhua| 2020-07-19 14:13:45|Editor: huaxia

BEIJING, July 19 (Xinhua) -- China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first half of this year despite the COVID-19 pandemic.

The China Export & Credit Insurance Corporation, also known as SINOSURE, had served over 126,000 clients, increasing 21.1 percent year on year in the first six months.

During the January-June period, the company had underwritten over 324.6 billion U.S. dollars worth of insured businesses.

Of the total, the insurer offered about 266.9 billion dollars of short-term export credit insurance and 176.5 billion dollars (about 25.2 billion dollars) of export credit insurance for domestic trade, up 5.2 percent and 20.1 percent year on year, respectively. Enditem