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...
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