20 February 2020 – Provided financial support to export businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Industry interventions
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

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