J.P. Morgan signs trade finance agreement with Sinosure

The export credit insurance policy agreement is Sinosure’s first deal with a non-Asia headquartered bank.
J.P. Morgan's Daniel Cotti
J.P. Morgan's Daniel Cotti

J.P. Morgan has signed a groundbreaking agreement with China’s Export Credit Insurance Corporation Sinosure, China's only policy-oriented insurance company specialising in export credit insurance.

Under the terms of the Export Credit Insurance Letter of Credit LC Policy Agreement, J.P. Morgan will provide a wide range of trade finance solutions to Chinese exporters of goods and services. This should help improve their efficiency and reduce risk, and enable them to enter new markets they previously could not consider due to a lack of insurance cover.

For its part, state-run Sinosure, which currently covers over $150 billion of short-term transactions, will provide insurance cover to J.P. Morgan on...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222