SINOSURE and ICBC Sign Cooperation Agreement in Support of “One Belt, One Road” Initiative

On 13 July 2015 the Industrial and Commercial Bank of China (ICBC) and China Export & Credit Insurance Corporation (SINOSURE) signed a strategic partnership agreement in Beijing in support of the “One Belt, One Road” Initiative. According to the agreement, ICBC and SINOSURE will cooperate in promoting the export of high-speed rail, nuclear power and telecommunications equipment to overseas markets, specifically to countries along the Silk Road routes, including the China-Pakistan Economic Corridor, the Bangladesh-China-India-Myanmar Economic Corridor, the China-Mongolia-Russia Economic Corridor as well as key African countries and regions covered by China’s transportation connectivity /infrastructure construction scheme.

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