General

The largest export insurance payment in Jiangsu Province was launched in Suzhou not long ago. An auto parts foreign trade company in Nanjing Jiangbei New District successfully handled 3 foreign debts totaling 3 million euros with "multiple foreign debts sharing one foreign debt account"... The reporter found that in order to stabilize production and expand exports To promote the stable development of international trade, all localities make full use of financial instruments such as export credit insurance and export credit, and fasten "seat belts" for export orders.

"Accounts receivable of US$10.31 million could not be recovered on time, which caused huge economic losses to the company. I was very anxious at the time." Jiang Haifeng, general manager of Suzhou King Long Overseas Sales Co., Ltd. recalled.

In recent years, affected by the new crown pneumonia epidemic, the transportation industry and tourism industry of various countries have been impacted. The Philippine dealers that Suzhou King Long has cooperated with for more than 10 years have also been affected by the local epidemic. In April this year, at the Suzhou Insurance Industry Chain and Supply Chain Conference, Suzhou King Long reported the above situation to the Municipal Party Committee and the Municipal Government, and communicated with China Credit Insurance in depth. ) Co., Ltd. paid 52 million yuan in compensation, which is the largest export credit insurance compensation in Jiangsu Province this year. Two small, medium and micro enterprises in Suzhou also accepted the compensation from China Credit Insurance this time. Among them, Suzhou Fuchang Valve Co., Ltd., due to the foreign exchange restrictions in Egypt, the accounts receivable of the exported industrial valve products have not been credited to the account for a long time. Wang Chuanji, the general manager of the company, said that the company received compensation of about 920,000 yuan this time.

In an international trade company of auto parts in Jiangbei New District, Nanjing, the relevant person in charge said: "The 3 million euros have solved our urgent need, and the time and labor costs of the company's business operations have been greatly reduced, and the use efficiency of foreign debt funds has been greatly improved. .”

It is understood that according to the previous model, every time a company borrows a foreign debt, it needs to open a foreign debt special account, and the company faces the triple dilemma of time-consuming, complicated procedures and high costs. In May of this year, the Jiangsu Branch of the State Administration of Foreign Exchange issued the "Notice on Strengthening Assistance to Enterprises to Relief and Promote the Steady Development of Foreign Trade and Foreign Investment", and the new regulations "support non-financial enterprises to share one foreign debt account with multiple foreign debts." Nanjing Jiangbei New District Branch of China CITIC Bank accurately implemented the new financial policy. After strictly implementing the management and control information and checking the foreign debt inflow quota, it shared one foreign debt account for multiple foreign debts of the company, which solved the cumbersome problem of opening an account for the company. At the same time, it helped the company 3 times All foreign exchange settlement enjoys the highest price listed on the day, which further saves financial costs for enterprises.

On November 25th, the relevant departments of Nanjing City launched the "Foreign Trade Escort Plan". The four insurance companies of Huanong Insurance jointly launched, aiming at the pain points of foreign trade enterprises in international trade, customized insurance products with high cost performance, wide coverage and flexible customization. .

Under the current foreign trade background, China's export products have received more attention than before, and there are more and more uncertain factors such as trade protectionism, accounts receivable risk, and product liability attribution, which virtually increases foreign trade orders. legal risks. Guo Tingli, chairman of Xinyizhan Insurance.com, said: "Foreign trade should not only improve self-protection awareness, pay attention to country risk identification, and prevent credit risks in export settlement business, but also actively use insurance methods to avoid 'On the rocks'."

According to incomplete statistics, in the third quarter of this year alone, nearly 20 supporting policy measures included "export credit insurance". Recently, the "Several Policies and Measures to Support the Stable Development of Foreign Trade" issued by the Ministry of Commerce also proposed to study and optimize the underwriting conditions of medium and long-term insurance in combination with the practices of relevant countries and my country's actual market demand, and increase support for export credit insurance. It is becoming an industry consensus to support small, medium and micro international trade enterprises to "go global" through export credit insurance.