Sinosure is a state-owned insurance company with an independent status, which was established to promote China’s foreign trade and economic cooperation by promoting the export of Chinese goods, technology and services, especially high-tech and high-yield capital goods, as well as foreign investment of national companies, by insuring export credits and investments from risks of non-payments.

The activities of Sinosure cover thousands of exporters and hundreds of medium- and long-term projects related to the export of high technology, electrical engineering, contracts for overseas development, etc.

During the meeting, prospects for development of trade relations and economic cooperation between China and Uzbekistan were discussed. In particular, planned transactions on financing the insurance of projects involving the supply of technological equipment from China to Uzbekistan were discussed.

Asaka Bank and Sinosure signed a cooperation agreement with the purpose of providing insurance coverage for the Uzbek bank’s attracted financing from the financial institutions of China.

During the meeting, Sinosure confirmed the willingness to provide insurance coverage for investments made by Chinese investors into the economy of Uzbekistan.