Laws of the People's Republic of China

Ministry of Commerce, China Export& Credit Insurance Corporation

Circular of Ministry of Commerce, China Export& Credit Insurance Corporation concerning Utilizing Export Credit Insurance to Support the Development of Name Brand Export

Shang Mao Fa [2005] No. 332

In order to implement the spirit of the Central Committee of the People's Republic of China and the State Council on accelerating the cultivation of world famous name brand, implement the Directive Opinions on Supporting the Development of Name Brand Export (Shang Mao Fa [2005] No. 124) issued by eight ministries including the Ministry of Commerce, accelerate the cultivation of autonomous name brand cultivation, transform the increase mode of foreign trade, realize the sustainable development of foreign trade, the Ministry of Commerce and China Export& Credit Insurance Corporation hereby notify the matters concerned utilizing foreign credit insurance to support the development of name brand export as follows:

1.

The authorities in charge of commerce of all regions and the all the business offices of China Export& Credit Insurance Corporation (hereinafter referred to as "Sinosure") shall communicate with each other in time, understand the demand of the enterprises and study the detailed measures concerning utilizing export credit insurance to support the development of name brand export.

2.

The authorities in charge of commerce of all regions shall coordinate with the local business offices of Sinosure to publicize the functions of export credit insurance policy, encourage the enterprises listed in "name brand export under the preferred cultivation and development" (hereinafter referred to as "name brand export enterprise") to utilize export credit to develop international market and internationalized operation.

3.

The business offices of Sinosure shall formulate special service plan for the name brand export enterprises within its jurisdiction, giving specific support and reporting the relevant circumstances to the local authorities in charge of commerce.

4.

Where the name brand export enterprise is covered in export credit insurance, Sinosure shall, in accordance with the service life hereof, render hereto the qualification of "preferred client" or "key client" enjoying the relevant supporting policy.

5.

Sinosure shall, by such new products as overseas investment insurance, overseas labor service insurance, provide preferential service to name brand export enterprises for their establishment of research and development center, production base and marketing network

6.

Sinosure shall provide name brand export enterprises with such value-added services as national risk report, industrial analysis report and risk management recommendation, appropriately provide more free or preferential credit information report, give priority to the arrangement of "Sinosure Online" business operation and service system.

7.

Sinosure shall actively development new products, exploring new modes to provide insurance credit support in such linkages as production originality and research& development, name brand marketing and extension, patent acquisition and protection.

8.

Such means as "special issues shall be solved specially in time" shall be taken to meet the individuation demand of the name brand export enterprises.

All the units are required to comply with the spirit of the Circular in the process of their implementation. Once problems occur, they shall inform the Ministry of Commerce (Department of Foreign Trade) and China Export& Credit Insurance Corporation (Department of Business Development)

The Circular is hereby given.

Ministry of Commerce

China Export& Credit Insurance Corporation

June 24, 2005