The Hong Kong Export Credit Insurance Corporation was created by statute in 1966 and is wholly-owned by the Government of Hong Kong

The H.K.E.C.I.C. goal is to encourage and support export trade though the provision of insurance protection for Hong Kong exporters against non-payment risks arising from commercial and political events.

Established under the Hong Kong Export Credit Insurance Corporation Ordinance (Chapter 1115), the HKECIC operates in accordance with the requirements laid down in the Ordinance.
The mission of the HKECIC is to encourage and support export trade through the provision of professional and customer-oriented services.
The Corporation provides a wide range of insurance facilities to Hong Kong exporters of goods and services trading on credit terms with overseas buyers, usually on credit periods up to 180 days.
The facilities are to cover non-payment risks for goods exported and services rendered arising from the buyer's inability or refusal to pay, or political and economic events including shortage of foreign exchange, import ban, war, revolution, riot and natural disaster. top
HKECIC services:
- Credit Insurance
  ECIC offers a range of short term policies covering exports on credit up to 180 days. Tailor-made policies are also available to meet your specific needs.
- Credit Management
  ECIC underwriters regularly monitor the credit-worthiness and integrity of over 55,000 buyers all over the world. ECIC's credit information is derived from over a hundred sources, including status agencies, banks and other credit insurers. This information is constantly updated and expanded through a computerized system. If the buyer is already known to the HKECIC, you should be able to get a sound credit opinion from the ECIC within a couple of hours.
- Collateral for Discounting Export Bills
  You can assign the benefits of any claim on an ECIC policy to banks and other lending institutions. Banks and financial institutions have accepted ECIC policy as useful collateral for discounting export bills.
- Advice on Solving Payment Problems
  the HKECIC maintains a worldwide network of lawyers and debt collectors with proven experience in solving payment problems. The HKECIC will also share with you up to 90% of the legal cost or charges incurred for the purpose of pursuing overdue payments from your buyers.
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The HKECIC is wholly-owned by the Government of Hong Kong Special Administrative Region which also guarantees its contingent liability, currently standing at $12.5 billion.

Links ECA's:
CESCE COFACE COSEC DUCROIRE EKF ECGD EDC EKN ERG EXIM EXPORTERS FINNVERA GERLING-NCM GIEK HERMES HKECIC JBIC KEIC MIGA OeKB SACE

East-West Debt has made every effort to ensure the accuracy of this publication. Neither the company nor any contributor can accept any responsibility for -including but not limited to- errors, omissions, opinions or advice given. This publication is not a substitute for professional advice and all information is for guidance only.