A landmark symposium focusing on policy-driven finance to enhance the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area was jointly hosted by the Guangdong and Shenzhen branches of the China Export & Credit Insurance Corporation (Sinosure) and the Hong Kong Export Credit Insurance Corporation (HKECIC). The event culminated in the signing of a Memorandum of Understanding (MOU), marking a significant milestone in regional financial cooperation.

The MOU outlines a comprehensive framework under which Sinosure and HKECIC will deepen their cooperative mechanisms, leveraging policy insurance to support the development of the Greater Bay Area. The agreement emphasizes four key areas of collaboration:

1. Promotion and Awareness: Both parties will intensify efforts to educate businesses in Guangdong and Hong Kong about export credit insurance services and relevant supportive policies. This initiative aims to enhance companies' understanding and utilization of the diverse financial resources and policies available within the Greater Bay Area.

2. Resource and Service Synergy: By combining their respective strengths in services and resources, Sinosure and HKECIC will jointly support the coordinated development of key enterprises engaged in cross-border trade between Guangdong and Hong Kong.

3.Belt and Road Initiative (BRI) Participation: The collaboration seeks to bolster the high-quality participation of Guangdong and Hong Kong enterprises in the BRI. This strategic alignment is poised to enhance the roles of both regions in the overarching framework of the BRI.

4. Policy Coordination and Information Exchange: Establishing robust mechanisms for policy coordination and work exchanges will be pivotal. This includes sharing market intelligence and underwriting experience to collectively improve risk management capabilities.

Post-signing, government officials and representatives from various trade associations engaged in in-depth discussions on advancing foreign trade and economic development within the Greater Bay Area. These discussions underscored the commitment to leveraging the strengths of both regions to foster a more integrated and prosperous economic environment.

The signing of this MOU is poised to enhance the functional roles of export credit insurance institutions. By working together, Sinosure and HKECIC aim to drive the integration and development of trade and economy in the Greater Bay Area. This collaborative effort underscores their dedication to propelling the region towards a new era of high-quality growth and solidifying its strategic positioning within the broader economic landscape.

Through this joint initiative, Sinosure and HKECIC reaffirm their commitment to playing a pivotal role in the economic integration and development of the Guangdong-Hong Kong-Macao Greater Bay Area, reinforcing their support for businesses navigating the complexities of international trade and economic cooperation.