Dahua and SINOSURE Zhejiang sign 5-year strategic partnership agreement

Dahua Technology and the China Export & Credit Insurance Corporation (SINOSURE) Zhejiang branch signed a 5-year strategic partnership agreement. Dahua Chairman, Mr. Fu Liquan, and SINOSURE Zhejiang Party Secretary and General Manager, Mr. Hu Yongju, represented their organisations in signing the agreement. With the agreement, SINOSURE will take advantage of its strengths and impact as a national policy-oriented insurance organisation to provide Dahua with financial policy support and safeguard for the expansion of its domestic and international trade and projects, resulting in a revamped and upgraded company development.

Global insurance support

SINOSURE is a state-funded policy-oriented insurance company which supports Chinese foreign trade and cooperation, and has over 15 years of industry experience. Dahua Chairman, Mr. Fu Liquan expressed that Dahua will utilise export credit insurance as an important financial tool in driving the transformation and improvement of its company development. In choosing SINOSURE as its strategic partner, Dahua hopes that the former will continue to utilise its superiority to provide Dahua with more powerful insurance and financial support as it “goes global.”

SINOSURE Zhejiang branch Party Secretary and General Manager, Mr. Hu Yongjun stated that Zhejiang SINOSURE has continually attached importance to the strategic expansion of Dahua, as well as its pace of “going global”. During their cooperation, SINOSURE will actively provide Dahua with various insurance products and services such as short-term export credit insurance and overseas investment insurance, generating an all-around improvement of Dahua’s credit risk management capabilities.

Strategic cooperation with SINOSURE

Recently, as SINOSURE’s new strategic partner and Chinese corporation which has successfully “gone global” as a global video surveillance industry leader, Dahua attended and observed the 3rd Annual BRICS Heads of ECAs Meeting. Dahua Chairman Mr. Fu Liquan, Dahua Vice President, General Manager of Overseas Business, Mr. Michael Chen, and SINOSURE Vice President, Mr. Huang Zhiqiang, as well as Export Credit Association (ECA) representatives from the five BRICS member countries (Brazil, Russia, India, China, and South Africa), attended the event.

SINOSURE selected Dahua to observe one of the most important parts of the 3rd Annual BRICS Heads of ECAs Meeting, clearly portraying its acknowledgement of Dahua. During the meeting, Mr. Michael Chen briefly introduced Dahua and its strategic cooperation with SINOSURE. Michael mentioned that globalisation has been Dahua’s most important deployment strategy over the past few years. Only through digging into and taking root in markets can Dahua better service customers and better guarantee safety of the society. Meeting guests conveyed their full interest towards advanced 4K, IoT, and AI technologies, as well as its Intelligent Building, Safe City, Smart Parking Management, and Retail solutions.

Safer society, smarter living approach

SINOSURE and Dahua jointly express their initiative to take the signing of this strategic cooperation agreement as an opportunity to strengthen their exchange and carry out broader cooperation on future projects, while hastening Dahua’s transition into an even more professional solution provider. Dahua vows to continue to strengthen its innovation, quality, and services in order to deepen its roots in local markets so that it may provide the most suitable localised solutions while better servicing customers from all around the world, continuously fulfilling its corporate mission of achieving a “Safer Society, Smarter Living.”