According to the company, domestic trade credit insurance was launched a year ago, the booming market demand and rapid development underwriting in 2006 amounted to 2.65 billion yuan. According to statistics, during the past three years, China has 74% of the enterprises encountered arrears.66% belongs to the buyer deficient credit to break a contract isbehind in payment, 23% belong to the buyer management bad productionsuspension or the bankruptcy, 11% belong to the buyer malicious default. In June 2005, in the original export credit insurance on the basis of started a pilot domestic trade credit insurance business, in 2006 to the formal offer. At present, the fixed assets based on the traditional mortgage financing model has been unable to meet the financing needs of enterprises. Many banks have begun to change their concepts, have "credit insurance under the trade financing," have easier access to bank financing approved, access to trade financing. Currently, companies with more than 60 Chinese and foreign banks are to provide financing facilitation services. The domestic trade credit insurance business was launched a year ago, the extension of export enterprises services chain, to focus on export-related industries and customers domestic trade credit insurance services for enterprises and domestic exports. procurement of raw materials and exports provide credit risk protection, so that they get all the credit risk of domestic and foreign trade services. From 2007, the company will raise domestic trade credit insurance underwriting, strengthen the domestic industry risk control and constantly promote business innovation and promote national credit system. Faced with a huge market demand, China ECIC from the products, organization, technology, services and other aspects made full preparations.
