On April 24, Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (CCPIT), met in Beijing with Song Shuguang, Chairman of China Export & Credit Insurance Corporation (SINOSURE). The two sides signed the Memorandum of Understanding (MOU) on Strategic Cooperation.

Ren Hongbin said that the CCPIT and the SINOSURE have maintained close cooperation to provide support and services for foreign trade and enterprises that "go global". Taking the MOU on Strategic Cooperation as a new starting point, the CCPIT would like to further promote the quality of bilateral cooperation, and make greater contribution to serving a higher level of opening-up and accelerating the establishment of a new development paradigm.

Song Shuguang briefly introduced the work of SINOSURE and expressed that SINOSURE is ready to establish closer cooperation with the CCPIT to better leverage the policy-backed export credit insurance and promote high-quality development of foreign trade and investment.

According to the MOU on Strategic Cooperation, the cooperation between the two sides will focus on improving the quality and efficiency of foreign trade, advancing the Belt and Road Initiative, promoting coordination and sharing of policy information, deepening practical cooperation on commercial laws, and participating in major diplomatic events and foreign affairs.

Zhang Shenfeng, Vice Chairman of the CCPIT, and Zhang Hui, Vice President of SINOSURE, attended the signing ceremony. Heads of relevant departments of the two sides were also present.