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Hong Kong Export Credit Insurance: No Plans to Adjust Premiums Due to Mideast Crisis; Existing Mideast Policies Will Continue to Be Covered
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As the Middle East crisis persists, Terence Chiu, Commissioner of Hong Kong Export Credit Insurance Corporation, stated that the Corporation will closely monitor the latest developments but has no plans to adjust premiums, and that existing Middle East policies will continue to be covered. Under geopolitical risks, clients are concerned about credit insurance, whereas exports from Hong Kong to the Middle East account for only 2.5% of the total, implying Middle East is not a major export destination. ASTOCKS Financial News Website: www.aastocks.com |
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