Sinosure – financing supplies from China up to 40 million rubles
Sinosure (China Export & Credit Insurance Corporation) It is the largest Chinese state insurance company, playing a key role in international trade between China and Russia. One of its main products is export credit insurance for Chinese suppliers with the possibility of deferred payment for Russian buyers.
What is Sinosure?
Sinosure It is a structure created by the Chinese government to support Chinese exports. The main task of the company is to insure the risks of non-payment by foreign buyers. This allows Chinese suppliers to provide delay without fear for your money.
Key Benefits for Russian BusinessBuy products in China with a deferred payment of up to 180 days up to 40 million rublesThis is equivalent to more than 3 million yuan.
How does it work?
The scheme is simple and transparent:
- Choose a Chinese supplierThe one you want to work with.
- The supplier checks your company through Sinosure.
- Sinosure approves credit limit for you - a Russian company.
- Supplier delivers goods with deferred paymentIt also shifts its risk to Sinosure.
- You pay for the goods at the end of the deferral period (usually 60-180 days).
Thus, you get the goods now, and pay later – without having to take a bank loan in Russia or China.
What guarantees does the supplier have?
Sinosure insures 90–95% of the amount deferred. If the Russian buyer does not pay, the Chinese factory receives compensation from the insurance company. This makes the scheme safe for all participants.
Who gets credit?
Russian companies that:
- have an officially registered legal entity;
- Worked for more than 1 year;
- are not on the sanctions list;
- They have a transparent accounting and reputation.
Usually, the loan is approved by companies that have already conducted foreign economic activities, but exceptions are possible.
What products can I buy with Sinosure?
Almost any Chinese goods:
- Equipment
- Machines.
- Electronics
- Agricultural machinery
- Industrial components
- Clothing, footwear, consumer goods
It's important.: we are talking about transactions from 1 million to 40 million rubles.
Timing and conditions
- Size of creditfrom 1 to 40 million rubles
- Deferral periodup to 180 days
- Interest rate: formally absent, but may be included in the supply price
- No bail or guarantee.
How to Prepare for a Limit?
To register the limit through Sinosure, the Chinese supplier must provide:
- Your information (name of legal entity, TIN, website, etc.);
- Financial statements (not always required)
- Contract or invoice for the proposed transaction;
- Preferably - the history of foreign trade or successful payments under previous contracts.
Who's helping with the design?
Official intermediaries and agents work in Russia to help:
- Execute a limit in Sinosure;
- Select a supplier who is ready to work on a delay;
- Organize logistics and control of the transaction.
One of these agents is Newmark Finance (The link leads to the page with detailed information and application form).
Advantages of working on Sinosure
- No need for a bank loan
- Working directly with Chinese factories
- Possibility to increase procurement
- Flexibility in calculations
- Increased confidence from suppliers
- Rapid growth of turnover without attracting investment
Risks and limitations
- The provider may not agree to work with Sinosure if your limit is low or not approved.
- It takes time to approve the limit (from 2 weeks to 1 month);
- A partial advance payment may be required;
- Not all factories are familiar with the procedure.
How do I start?
- Go to the site. https://newmarkfinance.com/sinosure
- Leave a request with the basic data of your company
- Get advice on your project
- Approve the limit and get a reprieve from the Chinese factory
Sinosure is a unique tool that allows Russian businesses to buy goods from China. credit-free. This is especially true in conditions of sanctions, high rates and restrictions on external transfers.
If you buy in China for the amount of 1 million rubles - It is time to take advantage of Sinosure’s capabilities and reach a new level of import operations.