Brazil exporters bypass local banks to tap China’s US$1 trillion Sinosure fund
www.scmp.com
As Brazilian interest rates price out local lenders, Sinosure is quietly reshaping how Chinese goods reach the market.

With one of the world’s highest benchmark interest rates among major economies, Brazilian importers who buy from China are turning to a state-owned Chinese credit insurer to sustain trade flows that reached US$158 billion in 2024. Facing working capital lines that cost upwards of two per cent a month, equivalent to roughly 27 per cent a year according to market calculations, mid-sized importers are securing deferred payment terms directly from Chinese suppliers through credit limits backed by…

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