General

Huacheng Import and Export Data Observation reported that since 2022, uncertain and unstable factors such as the spread of the epidemic, the more complex international situation, the fluctuation of commodity prices, and the obstruction of shipping have affected the smooth circulation, safety and stability of the overall industrial chain. China Export & Credit Insurance Corporation (hereinafter referred to as "SINOSURE") earnestly implements the spirit of General Secretary Xi Jinping's important instructions on improving the stability of the industrial chain and supply chain and international competitiveness, gives full play to the role of export credit insurance in cross-cycle and counter-cyclical regulation, and implements in-depth implementation Ensure the action of the industrial chain and supply chain, and help the circulation of the industrial chain and supply chain to be smooth and safe by taking a series of powerful measures.

Focus on ensuring the main body of the industrial chain market. The main body of the market is the main carrier of economic activities, and it is also the basis for the smooth circulation of the industrial chain. SINOSURE insists on placing the main body of the security industry chain in a prominent position, and promotes the smooth circulation of the industry chain with the stability of the market body. The first is to optimize the services of leading enterprises in the industrial chain. Leading enterprises are in the core position of the industrial chain, with a wide range of radiation and a strong demonstration effect. China Credit Insurance has researched and issued relevant support policies for the industry chain, strengthened "one-to-one" research and communication, in-depth understanding of the specific needs of enterprises, and formulated personalized support plans, increased the tilt of credit resources, and achieved precise support for leading enterprises in the industry chain. The second is to strengthen the support for small, medium and micro enterprises in the industrial chain. Small, medium and micro enterprises are an important part of the industrial chain and are of great significance to the smooth circulation of the industrial chain. Sinosure actively implements the fee reduction policy for small, medium and micro enterprises, and effectively reduces the pressure on operating costs for small, medium and micro enterprises in the industry chain. Further expand the coverage of the industrial chain. From January to August 2022, more than 600 small, medium and micro enterprises will be added to the chain, so that more small and medium-sized enterprises can enjoy preferential policies and convenient services, especially for those that comply with the national industrial policy orientation and have prominent main businesses. . Small, medium and micro enterprises with obvious technological advantages shall give priority to the application of special service measures in the industrial chain to effectively support the development of relevant enterprises. The third is to increase assistance to enterprises in difficult areas. Since the beginning of this year, for Shanghai, Shenzhen, Changchun, Suzhou and other regions seriously affected by the epidemic, China Credit Insurance immediately issued special support policies during the epidemic, giving priority to meeting the quota needs of enterprises in the industrial chain affected by the epidemic in the process of resuming work and production, and at the same time Further simplify and facilitate the operating conditions of underwriting, and effectively relieve and overcome difficulties for enterprises in the relevant industrial chain, Huacheng Import and Export Data Observation Report.

Focus on ensuring key areas of the industrial chain. SINOSURE has strengthened its attention to key areas and links of the industrial chain, opened up blocking points in the industrial chain in a timely manner, and helped smooth the circulation of the industrial chain. The first is to strengthen the supply guarantee in the upstream of the industrial chain. Continue to increase supporting support for the industry chain, especially the vehicle construction machinery industry chain to strengthen support for domestic auto parts companies to sell downstream, such as increasing the credit extension to automotive "chip" supply companies, fully guaranteeing the chip supply capacity, and promoting the industry In addition, the modern agricultural industry chain has strengthened its support for upstream procurement of chemical fertilizer sales companies such as potash fertilizers and phosphate fertilizers to ensure the supply of important raw materials. Huacheng Import and Export Data Observation reported that in the first eight months of 2022, the total insured amount of the vehicle and modern agricultural industry chain reached 24.46 billion US dollars and 19.89 billion US dollars respectively, an increase of 22.5% and 44.7% year-on-year respectively. The second is to support the extension of the industrial chain to overseas markets. For example, the home appliance industry chain actively supports domestic self-owned brand home appliance enterprises to expand their business to RCEP countries and regions, expands the credit line of overseas agents of related enterprises, and helps enterprises to deploy relevant markets. From January to August 2022, the home appliance industry chain supports the export value of domestic enterprises to RCEP countries and regions to increase by about 11% year-on-year. The third is to help break through the transportation blockages in the industrial chain. In response to the continuous turbulence of the international shipping industry and the expansion of the accounts receivable exposure of ocean freight during the epidemic, SINOSURE actively innovated the underwriting model, increased the protection of the accounts receivable of international shipping enterprises, and helped the relevant enterprises to operate normally during the epidemic. Effectively help the industry chain to circulate smoothly.

Huacheng’s import and export data observation report focuses on ensuring the safety of the industrial chain. The business risks of the industrial chain not only bring actual losses to the relevant enterprises, but also have an impact on the smooth circulation of the industrial chain. As a policy insurance institution specializing in the management of credit risks, Sinosure applies the working methods of the industrial chain to actual business risk management, and continuously provides assistance for the safe operation of the industrial chain. The first is to strengthen the sharing of risk information within the industrial chain. Establish a daily communication mechanism with key upstream and downstream enterprises and industry associations in the industry chain, such as carrying out penetrating payment tracking in the electronic information industry chain, using dynamic risk monitoring system to warn India VIL, Oufeiguang, Founder Technology and other risk changes, timely communication of information, Exchange opinions, understand the causes, and ensure early detection, early warning, and early disposal of risk signals. The second is to strengthen the reminder and tracking of industrial chain business risks. We will further improve the efficiency of customer service, optimize the risk reminders in the business approval process, provide customers with targeted risk prevention suggestions, and help enterprises to prepare for risks in advance. Make full use of digital tools and means to strengthen the dynamic tracking of industry chain information, and continuously improve the timeliness of risk tracking and identification. The third is to strengthen the investigation and disposal of industrial chain business risks. Establish a list for high-risk countries and buyers, and further improve the accuracy and effectiveness of risk inspection by combining centralized and targeted inspections. Since the beginning of this year, China Credit Insurance has investigated in detail the underwriting situation of various industrial chains in relevant countries and regions in response to risk events such as geopolitical conflicts and international commodity price fluctuations in some parts of the world. While effectively protecting the interests of relevant enterprises, it also supports the safe and stable operation of the industrial chain.

Driven by the guarantee of the above-mentioned measures, SINOSURE has further leveraged the synergy of seven key industrial chains, including electronic information, home appliances, vehicle construction machinery, biomedicine, new energy, textile and clothing, and modern agriculture, and has underwritten and served nearly 10,000 customers. Jobs are guaranteed by insurance orders. In the first eight months of 2022, the underwriting amount of 7-chain export insurance exceeded 250 billion US dollars, a year-on-year increase of 12.2%, which effectively guaranteed the safe and stable development of enterprises in the industrial chain, Huacheng Import and Export Data Observation Report.