As a major foreign trade city, Shenzhen’s total import and export volume will reach 4.55 trillion yuan in 2025, a year-on-year increase of 1.4%. The scale has reached a record high, and its exports have achieved “33 consecutive championships”, continuing to rank first among mainland cities.
The latest data has also been “released” recently.
It was learned on April 21 that in the first quarter of this year, Shenzhen’s import and export volume was 1.32 trillion yuan, a year-on-year increase of 33.6% (the same below), accounting for 11.1% of the country’s total import and export value during the same period.
However, with the profound changes in the global geopolitical economic and trade environment, the competitive environment and risk environment in overseas markets continue to intensify and evolve, and internal requirements such as accelerating high-quality development of domestic industries are urgent.
Currently, Shenzhen’s small and medium-sized foreign trade companies are facing multiple overlapping new challenges and new pressures. How to better serve the majority of small and medium-sized foreign trade companies has become a common concern in the industry.
During the “14th Five-Year Plan” period, Shenzhen provided basic risk protection for small, medium and micro foreign trade enterprises through the export credit insurance platform.
According to relevant reports, in 2020, the Shenzhen Municipal Commerce Bureau collaborated with China Sinosure Shenzhen Branch to launch the “Shenzhen version” export credit insurance “grand insurance” policy for small, medium and micro enterprises, and implemented an underwriting model of “unified government insurance and free enjoyment by enterprises”.
As of now, the number of companies supported by this policy has increased from 10,000 to 24,000, and a total of more than 130,000 companies have been benefited.
This year, the Shenzhen Municipal Commerce Bureau and China Sinosure Shenzhen Branch have optimized and upgraded services for small, medium and micro foreign trade enterprises, released “17 Measures to Strengthen Policy Export Credit Insurance to Support Foreign Trade”, and launched version 2.0 of the digital service ecosystem on April 20. At the same time, the “Five Gifts” campaign for Sinosure enterprises was launched.
Shenzhen launches version 2.0 of the digital service ecosystem this time, aiming to solve the core business pain points of small, medium and micro foreign trade enterprises.
At present, small, medium and micro foreign trade enterprises are faced with problems such as “not being able to see and understand the overseas market clearly”; overseas credit risks are high and they are afraid to accept orders; financing is difficult and expensive, and they “cannot accept orders if they have orders”; it is difficult and costly to obtain supporting services overseas; the overseas business environment is complex and there is a lack of professional guidance.
In order to solve the above-mentioned business pain points of foreign trade enterprises, Sinosure Shenzhen Branch plays a key node role in three dimensions: first, for small and medium-sized enterprises in the “going global” stage, focusing on providing services such as “overseas investment layout, localized marketing, and smooth domestic and overseas supply chain service chains”; second,
Further connect the flow of trade credit financing between overseas sales and domestic procurement of small, medium and micro enterprises; third, build an open and diversified precise direct connection platform with service advantages and resources for small, medium and micro foreign trade enterprises – deintermediation, cost reduction, quality and efficiency improvement, and promote the two-way integration of “cross-border service industry + small, medium and micro foreign trade manufacturing”.
Sinosure is a policy financial institution funded and established by the state to support China’s foreign economic and trade development and cooperation.
In 2025, the branch will provide services to approximately 31,000 foreign trade companies in Shenzhen, with an underwriting scale exceeding US$120 billion, and policy financing credit enhancement exceeding RMB 60 billion.
