Study On Export Credit Insurance Operating Mode And China's Orientation

Export credit insurance, as a means of international trade promotion, has a nearly hundred years of history. After World War II, as speeding up of the process of the world economy and trade globalization, export credit insurance has also been a tremendous development; many countries had set up their own system of export credit in different modes. until to now , more than 60 countries and areas around the world has their specialized export credit insurance agencies, export credit insurance cover the total amount of world trade accounted for more than 10%. After the founding of the World Trade Organization, in < Agreement on Subsidies and Countervailing Measures >, it regulated that if an export credit insurance institutions maintain balance of the profit and loss as long as a certain period of time, it shall be considered as export credit insurance, not export subsidies. Based on such a provision, export credit insurance has gradually become an effective measure for Governments to support the export and protect foreign exchange security.Export credit insurance has a strong policy color, in the course of the development, it had formed different operating mode. Historically, export credit insurance had a development process of purely commercial nature, pure policy, policy co-exist with the commercial. It has formed Varies mode from country to country during this period, but in recent years, it is increasingly clear that international credit insurance market trends in commercial operating, the original operating mode of export credit insurance have some new changes, and there have been some new modes. China, as an emerging market economy, as the short history of export credit insurance, it is obvious that there are more drawbacks. This article shall compare the International operating mode of export credit insurance institutions, select some international samples of successful operating on export credit insurance, and combine with the specific operating mode based on a specific international economic environment, the domestic economic environment, the country's economic policies as well as the specific operating mode is expected to achieve the goals and other factors, analysis on specific economic policy objectives as well as the context of specific operating mode and the historical necessity and adaptation. And on this basis, it shall analysis on the evolution history of China's export credit insurance operating mode , from the beginning, designated China People's Insurance Company operating mode, to mode of People's Insurance Company of China and China Export-Import Bank operating together, and then later the exclusive China Export & Credit Insurance operating mode, the various historical stages of each operating mode, as well as the historical background ,and each mode's advantages and disadvantages under the specific conditions, it shall combined with current situation of the economic development of China's and the country's foreign, foreign trade, financial and industrial policy objectives, discuss reform direction of China's Export Credit insurance operating mode。...