Hong Kong Export Credit Insurance Corporation
Encyclopedia
The Hong Kong Export Credit Insurance Corporation (HKECIC) provides insurance protection to Hong Kong
export
ers. It is wholly owned by the Hong Kong Government
, which also guarantees its contingent liability, currently HK$15 billion.
The body was established in 1966 under the Hong Kong Export Credit Insurance Corporation Ordinance.
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
export
Export
The term export is derived from the conceptual meaning as to ship the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" who is based in the country of export whereas the overseas based buyer is referred to as an "importer"...
ers. It is wholly owned by the Hong Kong Government
Government of Hong Kong
The Government of the Hong Kong Special Administrative Region of the People's Republic of China, commonly the Hong Kong Government, is led by the Chief Executive as Head of the Government, who is also the head of the Hong Kong SAR...
, which also guarantees its contingent liability, currently HK$15 billion.
The body was established in 1966 under the Hong Kong Export Credit Insurance Corporation Ordinance.