Zoomlion signs $300M credit insurance, $50M factoring deal

Shanghai - On September 11, Zoomlion Heavy Industry Science & Technology Co. signed a $300 million portfolio credit insurance policy and a $50 million non-recourse factoring agreement during a summit in Shanghai. The credit insurance policy, issued by a double-A-rated international insurer, was signed at the Global Financial Partners Summit and Signing Ceremony.

The non-recourse factoring agreement was signed with an overseas bank. The arrangement permits Zoomlion to factor overseas installment receivables covered by the credit insurance policy with the overseas bank on a non-recourse basis. The partnership between Zoomlion and financial institutions was established over a six-month period.

In the first half of 2026, Zoomlion's international revenue grew 12.45% year-over-year to RMB 15.54 billion ($2.31 billion), making up 57.25% of total revenue. Zoomlion's CFO, Du Yigang, emphasized the company's commitment to its core values of Integrity, Dedication, Inclusiveness, and Responsibility, as well as its focus on building trust with financial partners.

Over 40 financial and insurance partners from various countries attended the summit, which featured discussions on global economic trends, overseas financial strategies, market opportunities, and insurance innovations. The Economist Corporate Network led a session on macroeconomic and geopolitical trends, while Radana and Alfa-Bank representatives shared insights on market and financing developments.

Zoomlion's Financial Business Management Department and Credit Insurance Department head, Xu Xiaoming, and Deputy General Manager Yan Xin also shared future cooperation plans and the company's overseas financing and insurance strategy.