June 29, 2024
Loans

Hong Kong export credit insurer to cover trade loans made to e-commerce SMEs

Hong Kong Export Credit Insurance Corp (ECIC) has introduced a new insurance cover for trade loans offered by fintech start-up FundPark, which could open much-needed funding for the city’s fast-growing e-commerce sector. As part of the deal with FundPark, ECIC and French reinsurer Scor will provide insurance cover for the trade loan portfolio underwritten by

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