Export credit insurance helps Hunan’s foreign trade maintain stability and improve quality.

In promoting the “stability and quality improvement” of Hunan’s foreign trade, export credit insurance is playing a vital role in cross-cyclical and counter-cyclical adjustments. According to the Hunan branch of China Export & Credit Insurance Corporation (SINOSURE), in 2025, the company actively fulfilled its policy-oriented functions, injecting strong momentum into the development of Hunan’s foreign trade. [Image of SINOSURE image 1] In the past year, SINOSURE’s Hunan branch has been fully committed to promoting high-quality development of foreign trade. It provided export proceeds risk protection of US$9.792 billion to 2,359 enterprises throughout the year. The insured amount of export trade insurance increased by 10.73% year-on-year against the trend, and the export penetration rate rose to 22.68%. This growth indicates that the coverage and influence of export credit insurance in Hunan’s foreign trade market are continuously expanding. Meanwhile, exports to new business models reached US$434 million, a year-on-year increase of 38.9%, with the booming development of these new business models adding new vitality to Hunan’s foreign trade. In supporting the Belt and Road Initiative, China Export & Credit Insurance Corporation (SINOSURE) Hunan Branch actively served advantageous industries such as engineering machinery, rail transportation, and power equipment, as well as large-scale capital and goods exports, and carried out international production capacity and equipment manufacturing cooperation. Last year, the company supported exports to Belt and Road countries totaling US$5.594 billion, a year-on-year increase of 53.79%. Among these, services supported exports to Africa totaling US$754 million, a year-on-year increase of 93.42%, helping Hunan’s trade volume with Africa rank first in Central and Western China for five consecutive years. Furthermore, actively integrating into the RCEP cooperation framework, the company underwrote exports to RCEP member countries totaling US$1.871 billion throughout the year, a year-on-year increase of 42.24%, further expanding the international market space for Hunan’s foreign trade. Focusing on the construction of “three highlands,” China Export & Credit Insurance Corporation (SINOSURE) Hunan Branch continuously improves the efficiency of its industrial support. Through coordinated efforts between its headquarters and branches and tailored policies for each enterprise, it leverages seven key provincial industrial chains to ensure the stability of the industrial and supply chains, achieving an insured amount of US$4.349 billion. Adhering to inclusive finance policies, it served US$2.393 billion in exports for micro and small enterprises throughout the year, a year-on-year increase of 22.17%, providing strong support for the development of these enterprises. At the same time, adhering to the principle of “full compensation and prompt compensation,” it paid out RMB 676 million in claims throughout the year, including shortening the claims processing time for trade insurance by approximately 26 days, enabling enterprises to obtain compensation more quickly when facing risks and reducing losses. A representative from China Export & Credit Insurance Corporation’s Hunan branch stated that in the first year of the 15th Five-Year Plan, they will continue to diligently fulfill their policy-oriented functions, making new and greater contributions to Hunan’s comprehensive realization of its “Three Highs and Four New” blueprint and promoting high-level opening-up and high-quality development. Export credit insurance will continue to play its unique role, helping Hunan’s foreign trade move steadily forward in the global market.