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Credit Insurance and Suning in China signed in Beijing "Memorandum of Cooperation" - Suni by srf cwqc





Article Author Biography
Credit Insurance and Suning in China signed in Beijing "Memorandum of Cooperation" - Suni by
Article Posted: 02/14/2011
Article Views: 80
Articles Written: 1417
Word Count: 649
Article Votes: 0
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Credit Insurance and Suning in China signed in Beijing "Memorandum of Cooperation" - Suni


 
Business,Business News,Business Opportunities
Suning Together SINOSURE platform build domestic trade credit

The ceremony site

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2007 11 20th, China Export & Credit Insurance Corporation (hereinafter referred to as "China Credit Insurance") and Suning Electrical Held in Beijing the " Cooperation Memorandum, "the signing ceremony, attended the signing ceremony of the principal leaders, guests Business Vice Minister Jiang Zengwei, Department of Market System Development, the Secretary of market regulation, the National Redding & Standardizing related leadership, general manager of China Credit Insurance If Xin Tang, Suning CEO Sun Weimin, attended the signing ceremony, Suning SINOSURE thus become the industry's first circulating in China a unit within the security cooperation. Suning and SINOSURE as common business partners Haier , Hisense, Lenovo, Changhong , Beauty, TCL In 11 major Home Appliances Supplier of high-level, as well as major news media reporters witnessed the scene.

"Memorandum of Cooperation" is the letter of Paul and Suning in China comprehensive strategic partnership to establish the first step. Through the "Memorandum of Cooperation", in the Suning Appliance to its good asset evaluation, development trend and credit basis, by the China Credit Insurance for the Suning Appliance to provide state credit support, Suning Appliance can use credit insurance instruments further with international standards, give full play to first-mover advantage, and actively participating in the credit provider Management Among a stable supply chain relationships, improve supply chain management efficiency, further escalation of the supply chain management, Suning Appliance and suppliers to achieve common development and maintain in China Home Appliances Circulation of the lead edge, world-class excellent company for the step to the more solid step.

In the implementation of specific aspects of Suning Appliance SINOSURE will provide more than ten billion credit line to help Suning further strengthen its overall relationship between the upstream supplier, stable cash flow is expected to enhance the upstream suppliers deal with Suning confidence and motivation to provide a unified Suning upstream suppliers and favorable underwriting conditions, to assist their access to Financing To expand the size of the Suning sales and lower financing costs, and Suning in circulation increased access to national letters of credit first-mover advantage. While Suning will need to SINOSURE with upstream suppliers to provide Purchase Program information, and regular disclosure of relevant financial, management, trade, development planning and external security and other information, to facilitate the rational allocation of SINOSURE line of credit.

 

Suning Appliance was established in December 1990, a young company, but also in the reform and opening up of China's national enterprises constantly developing and expanding the typical. To "do a hundred years Suning," "never give up" determination and spirit, "the system is more important than power," "win-win cooperation" of management and business philosophy, in the fierce competition in the market continuously enterprising, innovation and standards, beyond the competition, now has now become China's home appliance leader in circulation is 500 Chinese enterprises, the competitiveness of China's top 10 listed companies, China's private 500 Private enterprise 100 listed companies, 50 Chinese enterprises and China's information Business Technology 100, Ministry of Commerce is focused on cultivating the "National 15 large commercial enterprise group" one.

As of October 1, 2007, Suning Appliance in China, 28 provinces, municipalities and autonomous regions, and more than 190 cities in more than 600 stores, nearly 100,000 employees, sales volume reached 90 billion yuan, the total market value of the current nearly 100 billion yuan. Excellent Investment Income, return on investment, profitability, market reflects, credit qualification and management abilities have been recognized by the society, which is Suning SINOSURE choose partners as the circulation first important point of departure.

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