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Hong Kong Export Credit Insurance Corporation Launches "SME Protection Plus" Pilot Scheme
The Hong Kong Export Credit Insurance Corporation (HKECIC) will launch the "SME Protection Plus" pilot scheme in July, as announced in the 2026-27 Budget, for a duration of one yea...
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The Hong Kong Export Credit Insurance Corporation (HKECIC) will launch the "SME Protection Plus" pilot scheme in July, as announced in the 2026-27 Budget, for a duration of one year. The scheme is designed to safeguard Hong Kong exporters trading with higher-risk buyers, aiming to provide small and medium-sized enterprises (SMEs) with more comprehensive risk protection. In addition, HKECIC will extend the "Special Support Measures" and the 15% premium discount (15% off) for the "Online Micro-Business Policy" for another year, continuing to support Hong Kong exporters in addressing challenges arising from uncertainties.

The "SME Protection Plus" pilot scheme will run for one year. For policyholders holding a "Small Business Policy", HKECIC will provide credit limit protection of up to HKD600,000 for buyers whose credit limit applications are declined due to risk considerations, such as shorter operating history, smaller scale, weaker financial position, or insufficient buyer information. The compensation rate under the scheme is 70%. Coverage includes risks of non-payment after shipment due to buyer insolvency or bankruptcy, protracted default, refusal to take delivery, as well as political and social factors in the buyers location that result in non-recovery of payments. (su/j)

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