Medical Care
HKECIC Wins Prestigious Award for Boosting Export Credit Insurance in the Greater Bay Area
2025-02-21

The Hong Kong Export Credit Insurance Corporation (HKECIC) has been honored with a distinguished accolade, solidifying its role as a key player in supporting exporters. The HKB Greater Bay Area Enterprise Awards 2025 recognized HKECIC's dedication to enhancing trade opportunities and managing credit risks for businesses venturing into the dynamic Greater Bay Area (GBA). This prestigious recognition underscores the corporation's commitment to providing robust financial safeguards in an unpredictable global market.

A cornerstone of HKECIC's mission is to offer extensive trade credit insurance solutions that protect against non-payment risks, empowering Hong Kong-based exporters to explore new markets confidently. Notably, Mainland China has become the largest insured market for HKECIC in 2024, reflecting significant growth within the GBA. Moreover, recognizing the unique challenges faced by small and medium-sized enterprises (SMEs) in cross-border e-commerce, HKECIC introduced a pioneering trade credit insurance product. By leveraging alternative data from e-commerce platforms, this innovative solution helps assess risk and provides financial institutions with the confidence to extend more loans to SMEs, fostering economic vitality.

Complementing its core services, HKECIC partnered with Dun & Bradstreet to launch the first "HKECIC – D&B Export Credit Risk Index" in 2024. This index serves as a vital tool for gauging market sentiment and identifying potential risks in major export markets, aiding Hong Kong exporters in navigating the complexities of the global business landscape. Moving forward, HKECIC remains committed to monitoring economic trends and devising strategies to support exporters in managing credit risks, securing trade finance, and expanding their operations. Through these initiatives, HKECIC aims to bolster export trade and help Hong Kong businesses thrive in the evolving GBA environment.

By fostering collaboration and investment within the region, HKECIC exemplifies the spirit of innovation and resilience that drives sustainable growth. The recognition from the HKB Greater Bay Area Enterprise Awards not only highlights HKECIC's achievements but also inspires other companies to contribute positively to the region's development. As HKECIC continues to lead in credit risk management and trade finance, it sets a benchmark for excellence and paves the way for future success in the Greater Bay Area.

More Stories
see more