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Home arrow China Stock News arrow Brilliance Auto establishes strategic partnership with Sinosure
Brilliance Auto establishes strategic partnership with Sinosure PDF Print E-mail
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Tuesday, 02 January 2007
        BEIJING, Dec. 29 (InfoChina) – Brilliance Auto Group, parent company of China Automotive Holdings Ltd. (NYSE: CBA, HK: 1114), signed an agreement on strategic cooperation with the China Export & Credit Insurance Corporation (Sinosure) on Dec. 26.

In accordance with the agreement, Sinosure is to provide Brilliance Auto with insurance service on overseas accounts receivable and insurance coverage against overseas investment risks. Besides, Sinosure is also to offer overseas financing facilitation to Brilliance Auto.

       Establishing partnership with the state-owned export-credit insurance company can improve Brilliance Auto’s risk management capacity and its international competitiveness. (Edited by Sun Huanjie, )
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