Global Trade Alert
Global Trade Alert

China: Sinosure provides state aid to Dalian Shipbuilding Industry Offshore Co., Ltd

Announcement

18 Nov 2021

In November 2021, the China Export & Credit Insurance Corporation (Sinosure) provided an indemnification of RMB 1.78 billion to Dalian Shipbuilding Industry Offshore Co., Ltd. to support the execution of the company's bankruptcy and reorganisation plan.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 Nov 2021

Revocation date:

No revocation date

Updated: 18 Nov 2021
Capital injection and equity stakes (including bailouts) In force

On 18 November 2021, the China Export & Credit Insurance Corporation (Sinosure) provided an indemnification of RMB 1.78 billion (USD 278.9 million) to Dalian Shipbuilding Industry Offshore Co., Ltd...

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