China's National Financial Regulatory Administration and MOFCOM issued a notice
urging closer coordination between commerce authorities and insurers to expand
domestic trade insurance. They encourage local commerce departments and insurers
to share registries of high-quality domestic and foreign-trade firms and support
insurers using those lists to provide domestic trade insurance to eligible
companies. Insurers are urged to rely on industry-chain leaders to implement
upstream-downstream chain underwriting and to embed domestic trade insurance
across the full lifecycle of key industry chains. The notice calls for broader
credit-assessment metrics for new sectors and business models, clear
risk-control review standards, and innovation in differentiated underwriting to
support service trade, digital trade and green trade. It also directs an
underwriting tilt toward goods-transport and circulation sectors to keep goods
and services flowing, and—subject to overall risk control—to streamline policy
and strengthen SME insurance protection mechanisms.
