Chenzhou JLW Electronic has developed rapidly in recent years and the company's exports to Vietnam, India, Brazil and other countries accounted for about 30% of the company's output value.But to do business with foreign customers, the company is most afraid of "Unable to collect the payment". On Aug. 11, Yuan Chuguo, Chairman of the company, said that this worry had disappeared since they applied for insurance on Chenzhou small and micro enterprise export credit insurance platform.

In order to support small and micro-enterprises to go out, Chenzhou City created a government platform for unified insurance in the province this year. According to the requirements of the policy, all insured enterprises that meet the requirements for insurance, the export trade contracts directly signed with the buyer from January 1 to December 31 this year, as well as all export business declared for export in the name of the insured enterprise, will be covered by insurance. After the insured enterprise has the risk event, the letter insurance company will help the insured to recover the arrears and reduce the loss by dunning, pressing, overloading buyers, etc. according to the case characteristics.

According to the Chenzhou Municipal Bureau of Commerce, more than 100 small and micro enterprises in the city have been covered by export credit insurance to enjoy full support from the special funds of the provincial and municipal governments. Up to now, more than 60 insurance policies have been applied by enterprises, of which 54 small and micro enterprises have passed the qualification audit to successfully incorporate into the whole city export credit insurance government insurance system.