Euler Hermes: best credit service provider in China, 10th China International Credit and Risk Management Conference

​​Euler Hermes was named best credit service provider in China at the 10th China International Credit and Risk Management Conference held in Beijing recently. It shares this year’s award with Sinosure.

Xi Zhen Wang, CEO of Euler Hermes China, said “We are honored that our role has been
recognized in such a high-profile, expert forum. Trade credit is the single largest source of finance for companies, but brings with it an inherent risk – that the customer buying the goods or services fails to pay when the credit becomes due. We help our clients manage that risk by assisting them in identifying profitable sales opportunities and in building trusted links with the customers. Our services help clients to grow their business safely.”

Launched in 2004, the Conference is the keystone credit risk management event in China. Participants at this year’s event numbered around 400 and included local companies, foreign multinational companies, banks, and organizations such as the World Bank.
It is organized by The China Council for the Promotion of International Trade (CCPIT), the Beijing Municipal People’s Government and the China Export & Credit Insurance Corporation (Sinosure) together with other related Chinese organizations.

“Global GDP growth continues to be driven primarily by China, where there is an increasing awareness of the importance of credit risk management in achieving sustainable business
growth,” added Fabrice Desnos, head of Euler Hermes in Asia Pacific. “It is an honor to see our investment in services to this market recognized by this award.”

Euler Hermes’ Asia Pacific trade credit insurance activities were established in 2000 and
today are present either directly or through local partners in Australia, China, Hong Kong,
India, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand. More than 260 people are employed in trade credit, bonding and collection services across the Asia Pacific region. Euler Hermes’ Asia Pacific headquarters are based in Hong Kong. In 2013, Euler Hermes was named best trade credit insurer in Asia Pacific by GTR Magazine.