EXIAR and SINOSURE hеld joint workshop for Chinese companies and banks in Russia
The Russian Agency for Export Credit and Investment Insurance (EXIAR) and the China Export and Credit Insurance Corporation (SINOSURE) held a joint workshop for representatives of Chinese companies and banks.
The key goal of the workshop was to present to the audience the opportunities of joint insurance support provided by EXIAR and SINOSURE to Chinese companies registered in Russia.
The workshop was opened by the welcoming remarks from Mr .Peter Fradkov, Chairman of the Board of Directors, EXIAR, Mr. Wang Yi, Chairman SINOSURE and Alexey Tyupanov, CEO, EXIAR.
During the event the main platform of possible cover of both EXIAR and SINOSURE was presented, including the main activities of the Agencies, their product range and solutions that could best fit Chinese companies. This is the second consecutive year that such a joint workshop is organized in Moscow – this year the scale however is much bigger.
In fact, the event was attended by representatives of more than 56 Chinese banks and companies, registered in Russia, such as ICBC Rus, BOC Rus, China Development Bank Rus Rep. Office, HUAWEI Technologies Co. Rus, Haval Motor Manufacturing LLC, Chery Automobile Co., Ltd. etc.
The held workshop will create new opportunities and possibilities for further collaboration between Russian and Chinese business.EXIAR and SINOSURE started their active cooperation in June, 2012, with signing Memorandum of Understanding, followed by a Reinsurance Agreement in March 2013.
The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011 as an open joint-stock company. EXIAR's mission is to support Russian high-tech exports by insuring export credits against commercial and political risks, as well as Russian investments abroad against political risks. Vnesheconombank is the sole shareholder of EXIAR. The agency's charter capital is RUB 31 billion. Since November 2014 Eximbank of Russia, a Russian specialized government–owned export–import bank, has been a subsidiary of Russian Agency for Export Credit and Investment Insurance (EXIAR).
The China Export & Credit Insurance Corporation (SINOSURE) was established in 2001 by a decree of the government of the People’s Republic of China as a result of incorporating the export credit insurance departments of the People’s Insurance Company of China (PICC) and the Export-Import Bank of China.
SINOSURE was created in order to support the export of Chinese goods, as well as to protect Chinese companies’ investments abroad by providing export credit and political risk insurance.
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