HKECIC signs Guangdong pact

The Hong Kong Export Credit Insurance Corporation signed a pact with the Guangdong Branch of China Export & Credit Insurance Corporation, Sinosure, yesterday to strengthen cooperation on export credit insurance services for businesses across Guangdong and Hong Kong.

Under the pact, the parties will promote export credit insurance services to enterprises in Guangdong and Hong Kong, and assist them on various policies and financial resources available in the Greater Bay Area.

HKECIC will support Hong Kong exporters by enhancing its underwriting capability to facilitate key export enterprises in Guangdong procuring from Hong Kong. In parallel, Sinosure's Guangdong and Shenzhen branches will offer export credit insurance services to Hong Kong companies within their jurisdiction, enabling them to expand overseas and in the mainland markets.