| The Introduction of
China National Investment and Guaranty Co., Ltd
Company Profile
I&G is the first pilot national specialized guarantee
institution engaged in credit guarantee with the approval of
the State Council. The company was jointly established and
funded by the Ministry of Finance and the former State
Economic and Trade Commission in 1993. The registered
capital of I&G is RMB3 billion. By the end of 2007, the
total asset is RMB4.58 billion and net asset is RMB3.83
billion.
The company’s business philosophy is to improve corporate
credit, quicken market trading, optimize resource
allocation, boost the development of credit guarantee
industry, promote the building of credit culture and social
credit system and serve the national economic and social
development by means of guarantee, investment and other
financial services. Its major services cover guarantee,
investment, appraisal and consultation, investment advisory,
etc.
With the objective of building itself into a group
corporation, I&G has established four branches, five
subsidiaries and invested in China International Capital
Corporation Ltd. The company has evolved an intensive
operation model which covers various fields like asset
management, consultancy, investment advisory, venture
investment, fund management, securities, environmental
protection, software, etc.
Since its establishment, I&G has adhered to the operation
principle of steadiness determined by the government. To
promote the development of local economy, I&G launched
policy-oriented guarantee business in Shanghai and Beijing
for SMEs. With the aim of promoting market economy, it
provides nationwide commercial guarantee for trade finance
and performance, construction surety, property preservation
bond, and World Bank Energy Conservation EMC Project. By the
end of 2007, the total number of guarantee projects is 16225
and the total guarantee amount has reached RMB46.89 billion.
I&G shoulders up the responsibility of promoting the
development of guarantee industry. Through active practice
in guarantee business, extensive cooperation with domestic
and foreign counterparts and establishment of basic rules
and system for guarantee business, I&G has made remarkable
contribution to the legislation of guarantee business,
self-discipline of guarantee industry, establishment of
credit guarantee system, promotion of construction surety
system and computerization of guarantee business. In 1998,
I&G, as the only formal member in China so far, was admitted
into the Panamerica Surety Association, one of the world’s
top three surety and credit insurance associations. In March
2004, I&G became a member of National Association of
Insurance Commissioner of the US. In December 2006, it
joined the Surety and Fidelity Association of America.
In 2000, 2001, 2004 and 2006, I&G successfully organized the
international symposium of China Guarantee Forum.
Furthermore, in 2001 I&G initiated the China Guarantee
Alliance (CGA), with a view to strengthening the
self-discipline and business cooperation of the guarantee
industry. CGA presently has 158 members. With solid
strength, good operating results and no-default credit
record since its establishment, I&G enjoys good reputation
and high popularity, and exerts strong influence on the
guarantee lines both at home and abroad.
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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