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Expand Your Business i nto Chinese Mainland Market – Export Credit Insurance

think GLOBAL think HONG KONG. Expand Your Business i nto Chinese Mainland Market – Export Credit Insurance. Ralph Lai Commissioner HKECIC May 2012. Hong Kong Advantages. Asia’s Most Popular City for International Business Strategic location Low and simple tax

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Expand Your Business i nto Chinese Mainland Market – Export Credit Insurance

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  1. think GLOBAL think HONG KONG Expand Your Business into Chinese Mainland Market – Export Credit Insurance Ralph Lai Commissioner HKECIC May 2012

  2. Hong Kong Advantages Asia’s Most Popular City for International Business Strategic location Low and simple tax World class infrastructure Free trade and minimum government intervention

  3. China Imports & Hong Kong Exports China Imports Hong Kong Exports

  4. Transaction Flow & Credit Risks Transaction flow Credit risks Pre-shipment risks Post-shipment risks

  5. Credit Risks & Credit Insurance

  6. Overview of Export Credit Insurance 1. Policy 5. Claims payment 3. Exports of goods / services 2. Contract (DP, DA, OA) 4. Inability to pay x x

  7. Export Credit Insurance & Finance Japan Parent Company Ownership Shipments Hong Kong Subsidiary Buyer in Mainland China Letter of Authority Policy HKECIC Trade Finance Claims Payment Bank in HK

  8. HKECIC Background & Products HKECIC Background • Statutory organisation established in 1966 with its contingent liability guaranteed by the Government of the HKSAR. • Mission to encourage and support export trade through the provision of professional and customer-oriented services. • Provision of export credit insurance services to protect companies operating in Hong Kong against non-payment risks arising from buyer risks and country risks. Major Types of Insurance Cover • Comprehensive Cover Policy for post-shipment risks for export of goods • Contract Cover Policy for pre- and post-shipment risk for export of goods • Freight Forwarding Services Policy tailor-made to insure pre-shipment risks for export of services for the freight forwarding industry

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