Guangdong promotes export credit insurance to support the development of new foreign trade formats.

On January 6, 2026, Guangdong Province actively promoted the innovative development of the insurance industry in multiple fields to help the economy reach new heights. The Guangdong Financial Regulatory Bureau issued the “Guiding Opinions on Supporting the High-Quality Development of the Insurance Industry in Guangdong Province and Helping Guangdong Take the Lead in China’s Modernization,” which included a series of forward-looking and targeted measures aimed at comprehensively improving the efficiency of insurance services and promoting the stable development of various industries. The guiding opinions proposed accelerating the development of the insurance service trade industry’s capabilities. On the one hand, by increasing support for domestic trade insurance, the smooth flow of goods and services is promoted. Insurance institutions have provided a wide variety of insurance products around important commodity consumption scenarios such as automobiles, home appliances, and furniture, such as product quality insurance, installation liability insurance, accidental damage and extended warranty insurance, and return shipping insurance. These insurance products not only provide consumers with more protection but also help enhance the market competitiveness of enterprises and promote the prosperity of the consumer market. On the other hand, the guiding opinions also made many arrangements for promoting the development of characteristic industries. To help build the “Food in Guangdong” brand and the “Guangdong Fresh Products” regional public brand, the active development of food safety liability insurance undoubtedly provides strong protection for consumers’ food safety. Focusing on Guangdong’s “Celebrate the Chinese New Year in Guangdong” tourism and cultural brand, the vigorous development of travel accident insurance for the elderly and hotel/homestay liability insurance further enriches the tourism insurance market and provides tourists with more comprehensive risk protection. Simultaneously, innovative marine sports insurance products are being developed, exploring cross-border insurance collaboration with Hong Kong and other regions to serve new forms of marine cultural and sports tourism, enriching the supply of entertainment and sports insurance products, and contributing to the integrated development of Guangdong’s marine culture and tourism industries. In the field of foreign trade, innovative export credit insurance products and services are a major highlight of this guidance. Expanding underwriting business for key industrial chains adapted to Guangdong’s export structure, increasing underwriting support for leading and key enterprises in the industrial chain, and deepening collaborative protection for upstream and downstream foreign trade enterprises. Simultaneously, promoting export credit insurance to support new foreign trade formats such as cross-border e-commerce and overseas warehouses in Guangdong is of great significance for the transformation and upgrading of Guangdong’s foreign trade. Cross-border e-commerce and overseas warehouses, as emerging foreign trade models, have enormous development potential but also face certain risks. Export credit insurance support will help reduce enterprise risks and enhance their confidence in exploring international markets. Furthermore, the guiding opinions also propose exploring innovative policy financing models with banks to enhance the creditworthiness of small and medium-sized foreign trade enterprises in terms of payment collection and financing, further expanding the coverage of export credit insurance. Small and medium-sized foreign trade enterprises are an important force in the development of Guangdong’s foreign trade, but they often face difficulties in financing and risk management. Innovative policy financing models can provide small and medium-sized foreign trade enterprises with more convenient financing channels, helping them solve funding problems and promoting their healthy development. The guiding opinions recently released by Guangdong comprehensively cover multiple areas of insurance services. Through a series of innovative measures, they will not only help promote the high-quality development of Guangdong’s insurance industry, but also provide strong support for Guangdong’s economy to take the lead in China’s modernization. Both domestic and foreign trade will achieve more stable and sustainable development under the protection of insurance.