SINOSURE, Standard Chartered to facilitate Belt and Road Initiative

China Export and Credit Insurance Corporation (SINOSURE) and Standard Chartered Bank on Wednesday signed a memorandum of understanding to deepen collaboration to facilitate the Belt and Road Initiative.

The two said they will jointly explore market opportunities, increase resource sharing, and provide clients with comprehensive financial solutions to better support the high-quality development of the Belt and Road Initiative.

According to the MoU, SINOSURE and Standard Chartered will proactively promote collaboration to combine the former's credit insurance products with the latter's financial solutions to provide comprehensive "insurance plus financing" solutions.

The collaboration will include but not be limited to project and syndicated loans and trade finance.

In addition, both parties will strengthen cooperation in macroeconomic analysis and outlook, country risk management and innovative product development.

SINOSURE is the sole official export credit insurance institution in China, which provides risk protection for China's export and investment to the Belt and Road countries and regions.

In 2018, Standard Chartered Bank was involved in nearly 100 Belt and Road projects with combined financing of over 20 billion U.S. dollars.

Editor: 曹家宁
Today’s Recommendations

AIIB prices debut global bond to unlock financing for infrastructure

The pricing of this bond is the latest milestone for AIIB, now only in its fourth year of operation. Meanwhile, Standard & Poor's, Moody's and Fitch all have triple A ratings on the inaugural bond.【detailed】

China warns US over BRI criticism

China says it is "fed up" with the United States' irresponsible remarks about the Belt and Road Initiative, also known as BRI, following criticism from US Secretary of State Mike Pompeo.【detailed】