China's auto exports bolstered by SINOSUR credit insurance

(China Economic Net, Beijing, 21 June 2007) China Export & Credit Insurance Corporation (SINOSURE), has launched special measures to support automobile exports with 17 enterprises, proposing support measures in terms of premium rates, underwriting policy, claim support and a package of products and value-added services. In other news, Belgium's Fortis Bank's Global Export & Project Finance division (GEPF) signed a comprehensive business cooperation agreement with Sinosure on June 18th. The deal will offer attractive financing solutions to both international and domestic companies exporting out of China and domestic companies investing overseas, said Fortis.