Hong Kong Export Credit Insurance Corporation
The Hong Kong Export Credit Insurance Corporation was established in 1966 under the Hong Kong Export Credit Insurance Corporation Ordinance (Chapter 1115). It was created by statute with the aim of encouraging and supporting export trade by providing Hong Kong exporters with insurance protection against non-payment risks arising from commercial and political events. Its contingent liability under contracts of insurance is guaranteed by the Government of the Hong Kong Special Administrative Region, with the statutory maximum liability currently standing at $55 billion.
The Corporation is required to operate in accordance with the requirements laid down in the Hong Kong Export Credit Insurance Corporation Ordinance and to pursue a policy directed towards securing revenue sufficient to meet all expenditure properly chargeable to its revenue account. It is a 'public body' under the Prevention of Bribery Ordinance. ECIC staff are not permitted to accept any advantages from ECIC customers. Anybody offering any advantages to ECIC staff in connection with official business commits an offence.
(Write-up from HKECIC official website)
See below for the latest HKECIC News, Analysis, Profit Results, Share Price Information, and Commentary.
HKECIC, Dun & Bradstreet partner to launch Export Credit Risk Index
The index covers five key markets – Canada, China, Germany, the UK, and the US.
HKECIC, Dun & Bradstreet partner to launch Export Credit Risk Index
The index covers five key markets – Canada, China, Germany, the UK, and the US.
Five HK banks, HKECIC team up to underwrite risk on domestic sales in China
The collaboration targets to boost insurance protection for Hong Kong exporters.
HKECIC and Hang Seng deliver first green export credit insurance
The very first green financing arrangement will ease export expenses whilst maintaining sustainability.
HKECIC posts $24.7m FY 2021 net profit
This was from a net loss of $13.5b (HK$104.6b) reported in FY 2020.
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