Han Ximin

ximhan@126.com

THE 12th China International Credit and Risk Management Conference was held Friday in Shenzhen, bringing together 400 experts, scholars and representatives from credit rating agencies as well as business organizations to exchange ideas, explore the application of blockchain technology in credit, share experiences and explore new opportunities.

At the plenary forum, organized by China Council for the Promotion of International Trade and China Export and Credit Insurance Corporation, experts discussed credit risk management in trade, the economy and international market development of the high-end communications device industry.

They exchanged ideas on the role of export credit insurance amid the current global trends, the impact of credit ratings on global capital markets and the opportunities of cross border credit services.

At the inauguration ceremony, CCPIT Credit Cooperation and Commercial Certification Center signed memos with Egypt Credit and Risk Association and the Federation of Chamber of Commerce and Industry of Sri Lanka.

CCPIT and China Export and Credit Insurance Corporation (SINOSURE) signed memos on credit cooperation. SINOSURE Shenzhen signed strategic cooperation agreements with CCPIT Shenzhen and Transsion Holdings.

“Based on its more than 300 multi-lateral cooperation mechanisms, 30 overseas offices and 250,000 member enterprises, CCPIT is passing on mutual trust, promoting international economy and trade and creating a leading first-class business environment in an effort to push forward credit system construction and high quality development,” Zhang Shenfeng, vice chairman of CCPIT, said at the opening forum.

Shenzhen has established a unified public credit information management system that covers enterprises, social organizations, social public undertakings and individuals. The city will further improve credit system construction and improve its business environment, according to Vice Mayor Wang Lixin at the forum.

Since the beginning of the year, SINOSURE has offered support to 111,500 enterprises, with an accumulative investment of US$500 billion and paid compensation of US$1.1 billion.

“Chinese enterprises expanding overseas need to establish complete risk management systems, especially in the situation where trade frictions are increasing. They need export insurance to ensure their businesses remain stable,” said the chief economist of SINOSURE. Wang suggested that the conference be more open, authoritative, professional and influential overseas, in order to serve as a platform for research institutions, government agencies and financial institutions to exchange ideas and contributions to improve the risk management of exporters.

The China International Credit and Risk Management Conference was launched by CCPIT and the American Finance Credit and International Business Association in 2004 and has been held in such cities as Beijing, Shanghai, Xiamen, Chengdu and Nanjing, among others.