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China's 1st credit and guarantee insurance company nodded to open

BEIJING
2016-01-13 16:56

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China's first credit and guarantee insurance company, Sunshine Yurong Credit and Guarantee Insurance Company, was approved on Wednesday by the China Insurance Regulatory Commission (CIRC) to open.

The company's business scope covers credit insurance, guarantee insurance and reinsurance business. The company, with registered capital amounting to 1 billion yuan, was jointly established by Sunshine Property & Casualty Insurance Co., Chongqing Liangjiang Financial Development Co. and Ancheng Property & Casualty Insurance Co.

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