| The Introduction of
China National Investment and Guaranty Co., Ltd
Company Profile
China National Investment and Guaranty Co., Ltd (I&G) was
established by the Ministry of Finance and the former State
Economic and Trade Commission in 1993 with approval of the
State Council. I&G, a member of State Development &
Investment Corporation, is a nationwide guarantee
institution specializing in credit guarantee.
The company’s business philosophy is to enhance corporate
credit, optimize allocation of social credit resources,
improve market transaction efficiency, promote the building
of social credit system and credit culture, and serve the
national economic and social development by means of credit
enhancement services.
I&G currently has a registered capital of RMB3 billion, with
a core capital of over RMB5 billion. According to the
international standards, its credit guarantee capacity is
RMB70 billion. Currently, it has credits of RMB45 billion
granted by banks. According to the compound appraisals of
China Chengxin International Credit Rating Co., Ltd and
China Lianhe Credit Rating Co., Ltd, I&G boasts a long-term
corporate credit rating (financial institution rating) of
AA. The company aims to become the most competitive
integrator of nonstandard financial and credit enhancement
services in China.
As a member of the Panamerica Surety Association, one of the
world’s top three surety and credit insurance associations,
I&G has established wide international contacts, and was
admitted to the National Association of Insurance
Commissioner of the US and the Surety and Fidelity
Association of America in 2004 and 2006 respectively. It is
the sponsor and the president unit of China Guarantee
Alliance (CGA) which is composed of 158 specialized
guarantee companies. I&G has established a wide strategic
alliance with first-class domestic banks, securities
companies, trust and investment companies, financial asset
management companies and specialized investment and
consulting institutions. I&G acquired shares in the flagship
enterprises of relevant industries, including China
International Capital Corporation Limited, China Life
Insurance, COSCO, CDH Investment and Hundsun Technologies,
and preliminarily established an operational platform to
render financial and credit services and solutions to
clients.
I&G also set up three branches in East China, Shanghai and
Dalian, to serve regional economic development. By the end
of 2007, the company had guaranteed 16,225 business
activities, with a total guarantee amount of RMB46.9
billion. In 2007, it provided guarantee of RMB11.1 billion
for more than 2,000 clients, and generated income of RMB860
million and profits of RMB640 million, making it a leader in
the industry.
I&G has an outstanding team of staff, of whom more than 50%
have a master’s or doctor's degree granted by domestic and
overseas universities and colleges. Its business innovation
capability also leads the industry. The Introduction and
Practice of Credit Guarantee, the Introduction to the Credit
Guarantee Industry of Each Country and Chinese Guarantee
Forum published by the company are important works about
industrial theory and practice. http://www.chinaguaranty.net
and http://www.guaranty.com.cn run by the company are the
most influential websites in the industry.
I&G will continue to follow the business philosophy of
“people-oriented, reputation foremost, accommodation to
changes and harmonious development”, persist in the business
principle of achieving a win-win situation and sharing
interests, and strengthen cooperation with all circles of
the society honestly and faithfully, in a bid to jointly
create a bright future.
Add: Office Building, JinYu Plaza, No.100 Xisanhuan Beilu,
Haidian District, Beijing , China 100037
URl: www.guaranty.com.cn
Tel: 010-88822888
Fax: 010-68437040
Guarantee Business Management Center
The Guarantee Business Management Center consists of Cooperation
Management Dept., World Bank Project Dept. and Integrated
Business Dept. It is the operating and managing body of guarantee
business, the core business of the company. The major functions
of this Center are system construction, marketing and operational
management in relation to the guarantee business.
The major businesses are:
1. Guarantee business operated by the company
2. Joint guarantee business in cooperation with local institutions
3. Guarantee issued by branches
4. Guarantee projects of the entrusted World Bank/GEF Fund.
Research and Development Management Center
Comprising Research Dept., Market Development Dept. I, Market
Development Dept. II, Research and Development Management
Center is the integrated R & D center of the company.
The major functions are: to conduct researches on the guarantee
market demand; to trace relevant business information and
policies; to develop guarantee products and business operating
models which satisfy the existing and potential market demand;
to design and implement marketing tactics and to create conditions
for large-scale market-based operation.
The major businesses are:
1. Survey and researches on guarantee market demand, relevant
business information, regulations and policies
2. Researches on guarantee market potential and target clients
3. Research and development of new guarantee products
4. Design and implementation of marketing tactics and plans
for new guarantee products
Investment and Assets Management Center
As the investment operation and management institution, Investment
and Assets Management Center is in charge of Risk Management
Dept., Investment Dept. and Capital Operation Dept. Its major
functions are investment business design, capital investment,
as well as operation, management and restructure of assets
and capital. Its final aim is to safeguard the security, profitability
and liquidity of the company assets.
The major businesses are:
1. Survey and researches, development, design and implementation
of investment projects
2. Researches on investment tactics, varieties and structures
3. Operation, management and restructure of company assets
4. Capital operation
Consultancy and Legal Management Center
Supervising Appraisal and Consultancy Dept., Legal Affairs
Dept. and Expert Office, Consultancy and Legal Management
Center is in charge of legal affairs and provides consulting
service. It is mainly engaged in providing project appraisal,
consultancy, business training, legal service, expert advice
and litigation property-safe guarantee.
The major businesses are:
1. Appraisal and consultancy
2. Credit evaluation
3. Business training
4. Development, marketing and management of litigation property-safe
guarantee business
International Exchanges
I&G has sent 22 visiting groups of 170 persons to Japan,
South Korea, USA, Canada, Germany, France, Britain, Switzerland
and Italy, etc for researches and training. I&G has received
more than 70 visiting groups of 400 representatives from international
credit guarantee, insurance and financial institutions and
other relevant enterprises.
In February 1998, I&G compiled the collection
of survey-and-research reports and relevant materials prepared
by the visiting groups to foreign countries into a book entitled
A Survey of the Credit Guarantee in Foreign Countries. In
cooperation with China International Center for Economic and
Technical Exchanges (CICETE) and the SMEs Promotion Center
of Beijing University, I&G compiled the Chinese edition
of the guarantee syllabus "Making Guarantee Funds Work
for Small and Micro Enterprises". It is the first teaching
material on SMEs guarantee business introduced from foreign
countries.
In May 1998, I&G was formally admitted
into the Panamerican Surety Association (PASA) and became
its only member in China. With great international influence
and active participation from around the world, PASA is ranked
as one of the world top three surety and insurance associations
together with the International Credit Insurance and Surety
Association (ICISA) and the Berne Union.
Since 1997, I&G began to provide commission
services for foreign companies, providing credit information
on the operation and financial status of certain Chinese enterprises.
I&G has totally undertaken more than 40 credit information
projects entrusted by Italian SIC Company, American F&D
and Holland NCM.
Domestic Exchanges and Cooperation
In 1998 and 1999, I&G initiated and organized two guarantee
business seminars in Fuzhou and Beijing, and determined to
launch a series of activities entitled China Guarantee Forum
including the periodical entitled China Guarantee Forum, the
website of China Guarantee Net and the international symposium
of China Guarantee Forum.
In October 2000, I&G successfully held
the international symposium of "China Guarantee Forum
2000".
In July and September 2001, I&G organized
two seminars in Kunming and Guiyang with the participation
of some domestic guarantee institutions, proposing the principle
of *creditworthiness and self-discipline, mutual cooperation
and development in concert" to the major domestic guarantee
institutions.
In November 2001, I&G sponsored the international
symposium of "China Guarantee Forum 2001" in Shanghai,
during which 60 guarantee institutions and intermediaries
signed the Shanghai Agreement for strengthening communication
and cooperation. Based on it, the China Guarantee Alliance
was formed.
In May 2002, I&G organized the First
Plenary Session of the China Guarantee Alliance in Shenzhen.
128 representatives of 77 guarantee institutions and 4 intermediary
agencies from 24 provinces, municipalities and autonomous
regions participated in the Session. The First Plenary Session
reviewed and approved the basic documents of the China Guarantee
Alliance. 30 guarantee institutions were newly admitted into
the Alliance, increasing the Alliance members from 60 to 90.
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