Following China's entry into the World Trade Organization, Sinosure was mandated to support Chinese companies' export and overseas business.
[3] In May 2011, the Chinese government decided to inject 3.1 billion dollars into Sinosure,[4] as part of its effort to improve the commercial viability of financial institutions.
[5] Sinosure was hit hard by a classical example of political risk in 2011, when the uprising in Libya meant it must pay insurance claims of more than 1 billion dollars by 13 SOEs which had large ongoing investments in the country.
[7] Investment guarantees cover political risks such as currency and remittance restrictions, expropriation and nationalization, sovereign breaches of contract and war.
[8] Sinosure also covers SMEs (since 2005, even those with export volumes of under 2 million dollars a year[9]) that are unable to bear the political and commercial risks of international trade.