Overseas Investment Insurance System

Overseas Investment Insurance scheme is an important part of International Investment law. It is the scheme for the government to encourage foreign investment, execute foreign economic policy and guarantee the political risks that native investors may encounter in foreign investment. Overseas Investment Insurance seemingly belongs to the category of investment, which is like general commercial insurance. But their qualities and characteristics are quite different. Overseas Investment Insurance, which is political and official, is a national guarantee ensured by the nation or government with the public quality. Its insurer generally is government organization or public company. For insurant and insured object, there are special requirements. It only includes political risks such as foreign exchange insurance, and nonpolitical risks are not included. In the background of globalization, the function of Overseas Investment Insurance scheme is more and more important. It scatters the political risks that the insurers may encounter, decrease the losses and give the insurers courage and confidence. This will improve transnational investment and global economic.Until now, China doesn't have its own Overseas Investment Insurance scheme, which is against foreign economic exchange and the long-stand economic development. This thesis makes deep discussion of Overseas Investment Insurance scheme and comparative analysis of this scheme in different countries. On this base, some suggestions are proposed.Except the introduction and the conclusion, the thesis is divided into five chapters.Chapter one is the outline of Overseas Investment Insurance scheme. It is the basic questions of Overseas Investment Insurance scheme that includes the definition, value, quality, characteristic and two modes of system in the world.Chapter two is about the bilateral coordination of Overseas Investment Insurance scheme. Through comparative analysis, every aspect of the main contents of Overseas Investment Insurance scheme in different countries is introduced.Chapter three is about the multilateral coordination of Overseas Investment Insurance scheme, especially Multilateral Investment Guarantee Agency. This chapter makes detailed introduction and studies of the establishment, legal status and aim of this agency.Chapter four is the legislation and practice of Overseas Investment Insurance scheme in China, from national and international aspects. The encouragement policy, the deficiency and vacancy of legislation and the current situation of this scheme in international law are discussed in this chapter.Chapter five is the establishment and perfection of Overseas Investment Insurance scheme in China. First is the analysis of necessity and feasibility of this scheme. On the basis of the combination of basic principles of international law and our national situation, some suggestions for the legislation which fit China's national situation.