Hong Kong Export Credit Insurance Corporation: Hong Kong businesses expanding into emerging markets need to be aware of risks and make good use of export credit insurance.

Hong Kong Export Credit Insurance Corporation (HKECIC) Consultative Committee Chairman Wu Hongbin recently stated that in the past year, Hong Kong's export performance has steadily recovered, reflecting a resurgence in demand from major export markets. However, the global economic and political situation remains unpredictable, and the pace of interest rate cuts in the future as well as the external environment still need to be observed. While Hong Kong businesses are expanding into emerging markets and exploring opportunities, they need to be aware of related risks, make good use of export credit insurance, and strengthen accounts receivable risk management. Wu Hongbin further pointed out that in the future, HKECIC will continue to closely monitor global and regional economic trends and developments, and continue to provide timely support for Hong Kong exporters in the ever-changing trade environment, supporting the industry in more effectively managing credit risks and expanding their businesses. In addition, to support Hong Kong enterprises in seizing the business opportunities brought about by cross-border e-commerce development, HKECIC will continue to actively seek cooperation with more financial institutions to strengthen financing support for e-commerce.