Other Support

Support and Consultation Centre for SMEs run by the Trade and Industry Department

The Support and Consultation Centre for SMEs (SUCCESS) provides free and practical business information and consultation services for SMEs including business start-ups. For details of the location, information and services provided by SUCCESS, please visit its website.

Hong Kong Export Credit Insurance Corporation

The Hong Kong Export Credit Insurance Corporation (ECIC) was created by statute with the aim of encouraging and supporting the export trade by providing Hong Kong exporters with insurance protection against non-payment risks arising from commercial and political events. Its capital is wholly owned by the Government, which also guarantees its contingent liability, with the statutory maximum liability currently standing at HK$55 billion.

ECIC has been providing a wide range of insurance facilities for Hong Kong exporters of services. For the unique requirement of the testing and inspection sector, ECIC has the tailor-made Testing and Inspection Services Policy (TISP) to cover the credit risks for the sector when rendering services to overseas clients for credit periods of up to 180 days after the completion of services.

The events of loss covered in TISP include commercial risks (i.e. insolvency and payment default) and country risks (i.e. blockage or delay in foreign exchange remittance, payment moratorium and war, revolution, riot or natural disaster). Indemnity ratio is up to 90% of the loss.

Other benefits of TISP include credit management, receivable management and facilitating trade finance. ECIC's insurance cover can thus enhance the credit management practice and competitiveness of the sector for developing new markets and clients and is vital for the promotion of Hong Kong's testing and certification sector overseas.

For more details, please refer to its website or email to info@hkecic.com.

Back