20 February 2020 – Provided financial support to export businesses

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: The Ministry of Commerce provided support to export businesses through the use of short-term export credit insurance policy tools.

The intention is that CITIC Insurance’s business institutions act as policy-oriented financial institutions, that they further expand the coverage of short-term insurance, and that they coordinate resource allocation and introduce targeted professional services.

This policy aims to strengthen export risk management and to reduce business loss for foreign trade enterprises.
Full details here: http://www.gov.cn/zhengce/zhengceku/2020-03/02/content_5485721.htm