Hong Kong Export Credit Insurance Corporation: The insured amount for the 2024/25 fiscal year increased by 26.5% year-on-year, reaching a record high.

According to the annual report of the Hong Kong Export Credit Insurance Corporation, in the financial year 2024/25, the Corporation's insured business reached a historical high of HK$160.848 billion, a year-on-year increase of 26.5%. In the 2024/25 financial year, the Corporation recorded a profit of HK$158.79 million, including net investment income of HK$114.01 million (compared to a profit of HK$253.5 million and net investment income of HK$164.14 million in the previous year). The three main insured markets for the Corporation are Mainland China (comprising 24.9% of total insured business), the United States (22.1%), and Singapore (14%). In terms of insured products, electronic products were the largest category with a total business volume increase of 29% year-on-year. Textiles and apparel and mineral products also increased by 17.5% and 119.7% respectively, ranking second and third. Zhou Minzhong, Director of the Hong Kong Export Credit Insurance Corporation, stated: "Thanks to the efforts of every employee, the total insured business of the Corporation reached a historical high, with a significant year-on-year increase of 26.5%, outperforming Hong Kong's overall export performance in 2024. Despite the challenging external environment, the Corporation was able to meet the needs of exporters and expand its business portfolio, while maintaining a low and stable claims level. With a determination to innovate and adapt, the Corporation successfully pioneered trade credit insurance based on alternative data, supporting e-commerce in obtaining trade financing and promoting the development of cross-border e-commerce. Furthermore, the Corporation continued to publish semi-annual reports on the Hong Kong Export Credit Risk Index in collaboration with Dun & Bradstreet, providing insights into market sentiment regarding export trade and credit risk in the five major markets, which have been well received by the industry. At the same time, the Corporation is incorporating ESG principles into its operations, committing to fulfilling environmental, social, and governance responsibilities. In the future, the Hong Kong Export Credit Insurance Corporation will continue to assist Hong Kong exporters through prudent decision-making and proactive services, and will continue to allocate resources to timely launch support measures and insurance schemes to help businesses, especially small and medium-sized enterprises, cope with the complex and changing market environment.