General

Since 2022, uncertain and unstable factors such as the spread of the epidemic, the increasingly complex international situation, the fluctuation of commodity prices, and the blocking of shipping have affected the smooth circulation, safety and stability of the entire industrial chain.   Huacheng Import and Export Data Observation Report.

Focus on ensuring market players in the industrial chain. Market players are the main carriers of economic activities, and also the basis for smooth circulation of the industrial chain. China Export&Credit Insurance Corporation (hereinafter referred to as "China Export&Credit Insurance Corporation") insists on placing the market subject of the insurance industry chain in a prominent position, and promotes the circulation of the industry chain with the stability of the market subject. First, optimize the services of leading enterprises in the industrial chain. Leading enterprises are at the core of the industrial chain, with a wide range of radiation and driving effects and strong demonstration effect. China Export&Credit Insurance Corporation has studied and issued support policies related to the industrial chain, strengthened "one-to-one" research and communication, deeply understood the specific needs of enterprises, formulated personalized support plans, increased the preference of credit resources, and achieved accurate support for leading enterprises in the industrial chain. Second, we will strengthen support for small, medium and micro enterprises in the industrial chain. Small, medium and micro enterprises are an important part of the industrial chain, which is of great significance for the smooth circulation of the industrial chain. China Export&Credit Insurance Corporation actively implemented the fee reduction policy for small, medium-sized and micro enterprises, and effectively reduced the pressure on operating costs for small, medium-sized and micro enterprises in the industrial chain. Further expand the coverage of the industrial chain. From January to August 2022, more than 600 small, medium-sized and micro enterprises will be added to the chain, so that more small, medium-sized and micro enterprises can enjoy preferential policies and service facilities. Especially for small, medium-sized and micro enterprises that conform to the national industrial policy guidance, have prominent main industries and obvious technological advantages, priority will be given to the application of special service measures for the industrial chain to effectively support the development of related enterprises. Third, we will increase assistance to enterprises in difficult areas. Since this year, for Shanghai, Shenzhen, Changchun, Suzhou and other regions seriously affected by the epidemic, China Sinosure has introduced special support policies during the epidemic for the first time, giving priority to meeting the quota needs of enterprises in the industry chain affected by the epidemic in the process of returning to work and production, while further simplifying and facilitating the underwriting operation conditions, and effectively helping enterprises in the relevant industry chain to overcome difficulties. Huacheng Import and Export Data Observation Report.

Focus on key areas of the industrial chain. China Export&Credit Insurance Corporation strengthened its focus on the key areas and links of the industrial chain, timely opened up the blocking points of the industrial chain, and helped the industrial chain to circulate smoothly. First, strengthen the upstream supply guarantee of the industrial chain. We will continue to increase the supporting support for the industrial chain, especially for the whole vehicle construction machinery industry chain, to strengthen the support for domestic auto parts enterprises to sell to the downstream. For example, we will increase the credit preference for auto "chip" suppliers, fully guarantee the chip supply capacity, and promote the normal operation of the industry. In addition, the modern agricultural industry chain will strengthen the support for the upstream procurement of potash fertilizer, phosphate fertilizer and other fertilizer sales enterprises, to ensure the supply guarantee of important raw materials. According to the observation report of Huacheng's import and export data, in the first eight months of 2022, the total insured amount of the whole vehicle and the modern agricultural industry chain reached US $24.46 billion and US $19.89 billion respectively, up 22.5% and 44.7% year on year respectively. Second, support the extension of the industrial chain to overseas markets. For example, the home appliance industry chain actively supports domestic home appliance enterprises with independent brands to expand their business in RCEP countries and regions, expand the credit line of overseas agents of related enterprises, and help enterprises layout related markets. From January to August 2022, the home appliance industry chain will support the export amount of domestic enterprises to RCEP countries and regions to grow by about 11% year on year. The third is to help break through the transportation congestion in the industrial chain. In view of the continuous turbulence of the international shipping industry during the epidemic and the expansion of the exposure to ocean freight receivables, Sinosure actively innovated the underwriting mode, increased the protection of the accounts receivable of international shipping enterprises, helped relevant enterprises operate normally during the epidemic, and effectively helped the smooth circulation of the industrial chain.

Focus on ensuring the operation safety of the industrial chain. The business risk of the industrial chain not only brings actual losses to related enterprises, but also impacts the smooth circulation of the industrial chain. As a policy insurance institution specializing in credit risk management, China Sinosure has applied the working methods of the industrial chain to the actual business risk management, constantly providing assistance for the safe operation of the industrial chain. First, strengthen risk information sharing within the industrial chain. Establish a daily communication mechanism with upstream and downstream key enterprises and industry associations within the industrial chain, such as carrying out penetration payment collection tracking of the electronic information industrial chain, using the dynamic risk monitoring system to warn of risks such as VIL, Ophigo, Founder Technology, etc., timely communicate information, exchange ideas, understand the causes, and ensure that risk signals are found, early warned, and early disposed. Second, strengthen the warning and tracking of industrial chain business risks. Further improve customer service efficiency, optimize risk prompts in business approval, provide targeted risk prevention suggestions for customers, and help enterprises deal with risks in advance. Make full use of digital tools and means to strengthen the dynamic tracking of industrial 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 screening by combining centralized screening with targeted screening. According to the Huacheng Import and Export Data Observation Report, since this year, SINOSURE has investigated the underwriting situation of various industrial chains in relevant countries and regions in detail against such risk events as geographical conflicts in some parts of the world and fluctuations in international commodity prices. In combination with market feedback information, it has timely and accurately handled relevant risks, and supported the safe and stable operation of the industrial chain while effectively protecting the interests of relevant enterprises.

Under the guarantee and promotion of the above measures, Sinosure further played the synergy of seven key industrial chains, including electronic information, household appliances, vehicle engineering machinery, biomedicine, new energy, textiles and clothing, and modern agriculture, and insured nearly 10000 customers to ensure employment with orders. In the first eight months of 2022, the export insurance underwriting amount of the seven chains exceeded 250 billion US dollars, with a year-on-year growth of 12.2%, which effectively guaranteed the safe and stable development of the industrial chain enterprises. Huacheng Import and Export Data Observation Report.