CITIC Insured in 2017 Increased by 11% YoY The overseas insured insurance sector

China's policy-oriented insurance agency China Export & Credit Insurance Corporation said that the annual coverage of China's policy-oriented credit insurance exceeded 500 billion U.S. dollars for the first time in 2017, reaching 524.6 billion U.S. dollars, up 11% over the same period of last year. Among them, the medium and long-term export credit insurance, overseas investment insurance, short-term export credit insurance and other major annual insurance coverage reached a record high.

People's Daily quoted CITIC Insurance on Friday as saying that on the export side, China CITIC Bank will increase strategic investment in emerging industries, self-owned brands, trade in services, etc. in accordance with the guidelines of foreign trade policies of "excellent excellent and excellent, excellent and strong" Related businesses and actively explore ways of combining new cross-border e-commerce, foreign trade service platforms, international marketing services and overseas warehouses to support the transformation and upgrading of foreign trade.

With regard to foreign economic cooperation, we will focus on the countries along the Belt and Road initiative and increase support for the "Belt and Road" by focusing on major areas such as infrastructure connectivity, international capacity cooperation and the economic and trade industrial park. At the same time, Continuously improve risk dynamic monitoring, rating system and major risk emergency response mechanism to effectively prevent systemic risks.