China Export & Credit Insurance Corporation (simplified Chinese: 中国出口信用保险公司; traditional Chinese: 中國出口信用保險公司; pinyin: Zhōngguó Chūkǒu Xìnyòng Bǎoxiǎn Gōngsī, commonly known as Sinosure (中国信保, Zhōngguó Xìnbǎo)) is a major Chinese state owned enterprise (SOE) under the administration of MFPRC serving as the provider of export credit insurance, in particular coverage for the export of high-value added goods in China. Sinosure was established in 2001 by merging the Export Credit Insurance Department of the People's Insurance Company of China (PICC) and the export credit insurance section of the China Export and Import Bank, as part of China's accession into the WTO. Financing since 2001 has totaled 290 billion dollars' worth of exports and investments, and 570 billion yuan of lending. In 2009 alone, the company insured 116 billion dollars' worth of exports. More information...
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