On December 9, 2020, Zhang Hui, member of the Party Committee and Deputy General Manager of China Export Credit Insurance Corporation, visited Xiamen Xiangyu Group Co., Ltd. Witnessed by Mr. Zhang and Deputy Secretary of the Party Committee and President of Xiangyu Group Chen Fang, the handover ceremony of the export buyer's credit insurance policy of Indonesia's 2.5 million tons of stainless steel integrated smelting project was held, and the amount of support was 1.081 billion yuan.

The project is a landmark project for Xiamen enterprises to carry out international resource cooperation, and it is also the largest overseas investment project in Xiamen since the founding of the People's Republic of China. It is a milestone for Xiamen to build a higher level of open economy.

The final implementation of this project is a successful case of Xiamen Credit Insurance’s multi-product linkage. Credit services and insurance products complement each other. It has innovatively built a hybrid financing model of export buyer’s credit plus commercial loans. It is a major innovation breakthrough in Xiamen’s overseas investment project financing model. Provide new financing solutions for Xiamen enterprises to "go global" and develop global industrial layout.

For exporters, the use of export buyer’s credit insurance can reduce the financing cost of purchasing Chinese-made equipment. Overseas investment insurance, as an essential political risk aversion measure for the integration of investment and operation, can be used to fully match the project through equity insurance policies and debt insurance policies. Investment and financing structure.

For the syndicate, Sinosure’s entire product line is embedded to effectively avoid the commercial and political risks of the syndicate under the loan agreement, increase the credit of the project, and increase the approval rate of the project.

China Credit Insurance Credit Rating Center can also provide investors with professional project risk consulting services throughout the entire process, and enhance corporate investment confidence with professional information integration and analysis capabilities. Editor/Sang Xiaomei