Recently, PICC Zhoushan Branch (hereinafter referred to as Zhoushan PICC) successfully signed a trade credit insurance policy for Supply Chain Management (Zhoushan) Co., Ltd. under ZJPC, providing it with risk protection of RMB 80 million.
The signing of the project marks a new breakthrough in Zhoushan's financial innovation to serve the real economy and promote the construction of bulk commodity resource allocation hub. The reporter learned that in the coming period of time, Zhoushan PICC will also be around the prepaid accounts and then innovate insurance business products, with a total insured amount of 3 billion yuan. Right now, Zhoushan is accelerating the construction of the country's first bulk commodity resource allocation hub, system innovation and industrial upgrading of the dual-wheel drive, comprehensively enhance the global resource allocation capacity. At present, Zhoushan has built the country's largest bulk commodity logistics hub, the annual port cargo throughput of more than 650 million tons, the oil and gas industry, for example, Zhoushan has formed the country's largest oil and gas storage and transportation base, the largest oil and gas trading port and the world's fourth largest ship refueling port.
Under the complex and changing market environment, oil and gas trading enterprises face many risks, especially the credit risk of accounts receivable and prepaid accounts in daily trade, which has also become a key factor restricting the development of bulk commodity enterprises. Deepening reform and innovation and vigorously developing credit insurance are conducive to breaking through this blockage. The landing of the oil and gas industry chain credit insurance will directly serve the trade needs of these enterprises and promote Zhoushan to upgrade from a “logistics hub” to a “credit hub”. “Through service innovation, we make credit insurance become the ‘pill of confidence’ of enterprises.” Zhoushan People's Insurance Company relevant person in charge of the introduction, for example, when the buyer defaulted on payments, bankruptcy and other circumstances that led to the enterprise can not recover the accounts, the insurance company will be in accordance with the contract agreement to pay out, effectively protect the enterprise's capital chain security, build a strong financial defense. Zhoushan City Bureau of Commerce, said the relevant person in charge of the successful landing of the bulk field of credit insurance for the bulk commodity trade “security chain” to make up a key link, will attract more domestic and foreign oil and gas companies stationed in Zhoushan, for regional economic development, equipped with a strong “booster”, to further enhance the efficiency of regional resource allocation. It will further enhance the efficiency of regional resource allocation.
Reprinted from: Zhejiang Daily