Chinese Insurer Moves Into Dubai International Financial Centre With First Regional Office

Chinese Insurer Moves Into Dubai International Financial Centre With First Regional Office

DIFC is the preferred financial centre in the region for Chinese firms and home to the major financial institutions from that country. SINOSURE's choice reflects the DIFC's position as a global financial hub, with a world-class legal and regulatory framework, infrastructure, connectivity, and access to the world's leading businesses. With its new regional headquarters, SINOSURE aims to further support China's national Belt and Road initiative , as well as promoting the development of the country's foreign trade and investment. SINOSURE is a state-funded and policy-oriented insurance company established to promote China's foreign economic, trade development, and cooperation on a non-profit basis. SINOSURE had accumulatively supported more than $5.3 trillion of domestic and foreign trade and investment, provided credit insurance-related services for over 210,000 enterprises, and facilitated nearly 300 banks offering more than RMB 3.9 trillion of financing for exporters, as of the end of 2020. Since 2015, SINOSURE has maintained a top ranking amongst Export Credit Agencies based on the total insured amount, according to the Berne Union (the global association for export credit and investment insurers). Within its remit, SINOSURE as a Group writes short, medium, and long-term export credit insurance, foreign investment insurance, domestic trade credit insurance, bonds,