| Examination and Approval of Special Fund for Export Credit Insurance |
| Legal Basis |
Guangdong’s Management Rules of Special Fund
for Promotion of Effecting Export Credit Insurance
(issued jointly by the Department of Finance of
Guangdong Province and the Department of Foreign
Trade and Economic Cooperation of Guangdong Province,
YueCaiWai [2001] No.70)
Supplementary Notice on Guangdong’s Management
of Special Fund for Promotion of Effecting Export
Credit Insurance (YueCaiWai [2001] No.39) |
| Flow Chart of Application
Procedure |
Guangdong provinces (except Shenzhen) that apply
for fund for small and medium-size enterprises to
develop international markets shall go through examination
formalities with the Planning and Financial Division
of the Department of Foreign Trade and Economic
Cooperation of Guangdong Province.
| |
 |
[to submit application for effecting insurance ] |
| Guangzhou
Business Office of China Export
& Credit Insurance Co. underwrites
such insurance |
|
| |
|
The [applying enterprise shall pay 50% of the premium and submit
its application for subsidization of
Renminbi] |
| Guangzhou
Business Office of China Export
& Credit Insurance Co. conducts
verification and tabulation. |
|
| |
|
[to submit the
applications before February 10
and August 10 every year] |
|
| to
be approved by the Department
of Foreign Trade and Economic
Cooperation of Guangdong Province |
|
| |
|
[within 10 working days
] |
| to
be examined and approved by the
Department of Finance of Guangdong
Province |
|
| |
|
[within 15 working days] |
| to
conduct settlement of funds with
Guangzhou Business Office of China
Export & Credit Insurance
Co. |
|
|
| Qualification for
application and standards for subsidization |
Exporting enterprises that can meet the following
requirements may apply for special fund:
(I) Exporting enterprises that is registered
as a corporate personality in Guangdong (except
Shenzhen), licensed to deal in foreign trade
by competent authorities, and accredited with
a code of exporting enterprise by Ministry
of Commerce of the PRC;
(II) Exporting enterprise engaged in general
trade;
(III) Exporting enterprise that has effected
export credit insurance with relevant insurance
agencies and has paid premium;
(IV) Exporting enterprise that has not committed
violation in terms of foreign trade and economy
business, tax reimbursement for export, exchange
control, customs control and etc. Any exporting
enterprise that has effected export credit
insurance with relevant insurance agencies
in accordance with relevant provisions may
be offered a subsidy of 50% of the paid premium
(in Renminbi converted at the exchange rate
provided by the government). |
|
| Contact Us: |
Planning and Financial Division of the Department
of Foreign Trade and Economic Cooperation of Guangdong
Province
| Add: |
10/F, Provincial Foreign Trade and Economic
Building, 351 Tianhe Road, Guangzhou City,
Guangdong Province. |
| Postcode: |
510620 |
| Tel: |
38819852 |
| E-mail: |
jicai@gddoftec.gov.cn |
|
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