Theory Analysis And Empirical Study On China’s Export Credit Insurance Of Poliey-Oriented Function

In order to promote the development of foreign trade, most developed countries have taken different actions to help to avoid the risk in trading. To be a financial tool of policy, to open up outside markets and to encourage domestic firms to expand exports, Export Credit Insurance provides security for foreign exports. After joining into WTO, export subsidies were prohibited, and export credit insurance, as one of measures allowed supporting export policy has been an important tool in china, and a range of topics were discussed to make a good use of export credit insurance. China Export&Credit Insurance Corporation is a state-funded policy-oriented insurance company with independent status of legal person, established for promoting China’s foreign trade and economic cooperation. It began operations on December18,2001. Presently China Export&Credit Insurance Corporation has formed a nationwide service network. SINOSURE is mandated, in accordance with the Chinese government’s diplomatic, international trade, industrial, fiscal and financial policies, to promote Chinese exports of goods, technologies and service, especially high-tech and high value-added capital goods like electromechanical products, and national enterprises’overseas investment, by means of export credit insurance against non-payment risks.China’s export credit insurance is in the initial stage compared with developed counties, and existing problems for government, export credit insurance and enterprises themselves to solve, both theoretical and practical researches on export credit insurance needed to promote export deeply.In the dissertation, with the development of export, comprehensive analysis and econometric models was needed to examine the promotion effects of export credit insurance policies on export trading. With panel and timing data of different indicators, including region and industry data, econometric models was put forward.The paper contains five parts, in the first part; we introduce background, significance, domestic and international studies, innovations and weakness. By comparing and analyzing international export credit insurance institution such as EULER HERMES, ATRADIUS and COFACE, we obtain lessons and experiences. Based on combination of domestic and foreign studies, the dissertation reviews the theory of export credit insurance and export subsidies, and the export credit insurance is basically a directly invisible subsidy with a higher benefit and utility.Empirical analysis of export credit insurance on export trade, is the main and import port of the article. The effect of export credit insurance on overall export data, inter-provincial panel data and industry data, the relationship between export and support of export credit insurance was tested with obvious support results. At last, the paper analyze the factors that constraint the development and propound suggestions.