HONG KONG, January 4, 2024 /PRNewswire/ — Dun & Bradstreet (D&B), a leading global provider of business decision data and analytics, today announced the launch of “HKECIC – D&B Export Credit Risk Index“, alongside the Hong Kong Export Credit Insurance Corporation (HKECIC) to support Hong Kong exporters to better understand industry sentiments and insights and help them make more prudent and timely business decisions. This allows local exporters to take advantage of reliable and comprehensive macro and micro data sources as well as cross-analysis provided by HKECIC and D&B.
M Terence Chiucommissioner, HKECICsaid: “Hong Kong Exporters have faced difficult times in recent years. Given geopolitical complexity and a more volatile global business environment, we are pleased to have Dun & Bradstreet as a partner to leverage our data sources, including claims and payment difficulty data, for marketing purposes. cross-analysis. The index can provide information and support Hong Kong exporters to strengthen their risk management. In addition, HKECIC will continue to support Hong Kong exporters to explore new foreign markets, reduce business risks and operating costs.
M Andrew WuManaging Director, Dun & Bradstreet Chinasaid: “We are delighted to announce our collaboration with HKECIC to launch this inaugural index, which integrates global macroeconomic risk analysis with export credit insurance trade data. This index will allow Hong Kong for exporters to better understand industry sentiment and insights, and help them make more prudent and timely decisions. Dun & Bradstreet will continue to combine global data with local insights to help organizations of all sizes make smarter decisions. “
The HKECIC-D&B Export Credit Risk Index is meticulously constructed by leveraging data and information from HKECIC and D&B. It uses weighted moving average analysis and evaluates HKECIC’s overall insurance business data, focusing on two key export credit risk indicators: claims data and distress data. payment. Additionally, this index represents a comprehensive macroeconomic overview curated by a team of D&B country and regional intelligence experts, economists and data scientists. Their ideas cover nine distinct perspectives: short- and long-term economic outlook, market potential, business regulatory environments, political insecurity, expropriation, foreign exchange, transfer and business continuity.
This index covers five key markets: CanadaMainland China, GermanyTHE United KingdomAnd United States. Within each market index, it is demarcated into three specific sectors, namely electrical appliances, electronics, textiles and clothing. This meticulous approach ensures a nuanced and detailed assessment of export credit risks across various markets and sectors.
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business decision data and analytics, enables companies around the world to improve their business performance. The Dun & Bradstreet Data Cloud powers solutions and delivers insights that enable clients to accelerate revenue, reduce costs, mitigate risk and transform their businesses. Since 1841, businesses of all sizes have relied on Dun & Bradstreet to help them manage risks and uncover opportunities. We combine global data with local insights to help our customers make smarter decisions. For more details, please visit http://www.dnb.com.hk
About HKECIC
HKECIC was established in 1966 under the Hong Kong Export Credit Insurance Corporation Ordinance (Cap 1115). Through the provision of export credit insurance services, HKECIC protects Hong Kong exporters who negotiate on credit with foreign buyers against the risks of non-payment and helps them to conduct their export activities in a prudent manner. The HKSAR government offers a guarantee of 55 billion Hong Kong dollars for HKECIC’s contingent liabilities.
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SOURCE Dun & Bradstreet Hong Kong