Sinosure business up by 19.2%

Photo taken on Feb 28, 2013, shows a signboard of China Export and Credit Insurance Corporation, also known as Sinosure in Beijing.[Photo/IC]

China Export and Credit Insurance Corp (Sinosure) insured $229.12 billion in the first half of 2014, a year-on-year increase of 19.2 percent, the China Securities Journal reported on Tuesday.

Short-term export credit insurance accounted for $181.38 billion; $7.62 billion was in mid to long-term export credit insurance and $18.88 billion was in overseas investment insurance.

Sinosure also paid $360 million of indemnities to businesses and helped business obtain around $130 billion of financing from banks.