Export Credit Insurance On The Impact Of Wuxi Export Companies’ Business Risk And Countermeasures Study

Export credit insurance to be a financial instrument is commonly used in all countries, which can promote exports and encourage enterprises to develop overseas market. After China accession to the WTO, China set up a special business credit insurance business of China Export and Credit Insurance Corp, vigorously develop China’s export credit insurance business, thereby pulling the external demand, the strategic objective of boosting the steady economic growth. Especially after the financial crisis, more and more enterprises pay attention to export risks, and have export credit insurance, so that export credit insurance to make national general trade penetration rate reached about 26%. Wuxi has the higher rate of joining the export credit insurance because its high figures of export in China. However, there are also some problems although the benefits were bought to enterprise. In order to better play the role of credit insurance, insurance enterprises should be the correct positioning of the role of credit insurance.It will combine the methods of theoretical research and normative research to analyze the influence of Wuxi export enterprises’ business risks especially the negative impact by short-term export credit insurance. It intends to make a systematic study and analysis of Wuxi enterprises which have the export credit insurance, and find out the misunderstanding by these enterprises. So it can put forward countermeasures against risks of enterprises, for enterprises to correctly understand and positioning the role of credit insurance to provide reference for the enterprise to provide the program, risk evading, make more participating enterprises can smooth expansion market share.Firstly, it reviews the relevant theoretical research of credit insurance, and confirms the basis of it. Secondly, it is necessary to select the Wuxi export enterprises as the object of study, through the analysis of the current situation of the insurance industry and economic situation of Wuxi. Once again, the analysis of positive influence and negative influence on Wuxi’s export enterprises’ business risks by the short-term export credit insurance is from "before, during and after the event" three aspects. Short-term export credit insurance also has a positive effect and negative effect in different degree to foreign buyers, bank financing, China export credit insurance company in the three trade stage of "before, during and after the event," which can also react to the export enterprises and impact these risk management. Finally, the export credit insurance is not a panacea. And export enterprises need to open up the market according to their actual situation, to strengthen the risk control.When the above negative effect has not yet appeared, export enterprises need pay much attention to avoid the negative impact on the risk of the enterprise through the reasonable policies and measures. Y Company in Yixing, who has the export credit insurance, strengths its risk control system, and steadily expanse its exports, and its solid export base turns to better and better with the accumulation of high-quality buyers. So its export volume is still increasing on the background of the international situation. Its practice is worth studying by other export enterprises.It is a first attempt to the negative effects research of short-term export credit insurance, and provides a new perspective for the research of export credit insurance, with a certain degree of innovation. In addition, It analyzes that the export credit insurance plays a positive and negative role on exporters, importers, bank financing, China export credit insurance company from the "before, during and after the event," the three dimensions, and put forward relevant suggestions on exporters, bank financing, China export credit insurance company. It also constructs a new research model to research export credit insurance.