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Date: 8th October, 2019

In order to further promote Macao’s role as a Commercial and Trade Co-operation Service Platform between China and Portuguese-speaking Countries, an Export Credit Insurance System has been officially launched. It includes a “bank policy” plan providing additional support to reduce risks when exporting to Portuguese-speaking Countries.

Monetary Authority of Macao (AMCM) and IPIM jointly organised a briefing session on 8 October, in order to provide information on the operation of the system and give details of its newly-launched insurance products. The briefing session attracted more than 100 representatives from related industries.

During the briefing session, Mr Chan Sau San, Chairman of the Board of Directors of AMCM, and Mrs Irene Va Kuan Lau, President of IPIM, each delivered a speech.

Members from the Macao Chamber of Commerce, the Industrial Association of Macau, the Macau Importers and Exporters Association, the Macau Textile Merchants Association, the Macau Shipper’s Association, the Macau Association of Banks, and representatives from the city’s import and export industry attended the briefing session.

During the briefing session, Ms Chan Kuan I, Director of AMCM’s Insurance Supervision Department, explained the operational guidelines of the Export Credit Insurance System. Also at the session was Ms Chong Heng Ieng, representative of Bank of China (Macau Branch), who explained the details on the newly-launched insurance product. (Source: The Monetary Authority of Macao)