Under the cooperation agreement, DBS and Sinosure will collaborate on projects under the Belt and Road Initiative, especially those from ASEAN, by leveraging each other’s strengths in trade and investments and in-market experience. Sinosure will provide credit insurance for DBS’ mid and long-term financing activities for projects in the fields of marine engineering, infrastructure and construction, energy, chemicals and textiles, aerospace, as well as services and technology.DBS has a long history of connecting global businesses that are looking for strategic growth in the region. Harnessing its extensive network in Asia, it has played a prominent role as financial advisor and lender for many projects. DBS Singapore Country Head Shee Tse Koon said, “Through signing the cooperation agreement with Sinosure, we will strengthen our partnership and increase the depth of our business with mainland China by facilitating project finance, and investment and trade opportunities especially with partners in ASEAN. We look forward to helping companies capitalise on the numerous business opportunities offered under BRI.”Sinosure Vice President Huang Zhiqiang said, “Sinosure is excited that this cooperation will increase support for Chinese companies’ projects in the Belt and Road countries and promote the vast investment opportunities in China.” Sinosure is the only state-funded Export Credit Agency conducting export credit insurance business in the People’s Republic of China.
