In overseas ventures, insurance gives firms a sure footing

Overseas investment inevitably means risks and uncertainties for Chinese companies, but many have started using insurance services to help control and reduce risks.

"Chinese companies face new situations while investing overseas, namely that global politics and economics have become more complex," said Wang Tingke, general manager of China Export and Credit Insurance Corporation, or Sinosure, China's State-funded policy-oriented insurance company.

"So while going abroad, Chinese companies need to increase their awareness of risks and set up comprehensive risk management systems."