Research On Export Credit Insurance System Under The Background Of The Belt And Road

China has already put forward the " The Belt and Road " for more than six years,foreign trade and investment has radiated a new vitality.2018,the trade volume between China and the countries along "The Belt and Road" reached 1.3 trillion U.S.dollars,at an increase of16.3% year-on-year.At the same time,however,the frequent credit risk and the difficulty of financing have become the common problems faced by foreign trade and investment.Under the above background,as an important part of China's "Going Out" financial service system,the Export Credit Insurance plays an irreplaceable role in supporting enterprises to participate in the construction of "The Belt and Road" and promoting the smooth and orderly development of China's foreign cooperation.Compared with the development of International Export Credit Insurance,China's Export Credit Insurance System started late,the current institutional structure cannot meet the growing market demand.Therefore,combined with the background of "The Belt and Road",this paper summarizes the achievements and shortcomings of the Export Credit Insurance System,which is of great benefit to the construction and perfection of China's Export Credit Insurance System and the steady progress of the "The Belt and Road".This article carries out research mainly from the following four chapters:The first chapter mainly studies the basic issues of the Export Credit Insurance System under " The Belt and Road ".Firstly,it analyzes the basic concept,nature and functions of Export Credit Insurance.Secondly,this paper introduces the development history of the Export Credit Insurance System.Then it analyzes the docking relationship between the Export Credit Insurance System and "The Belt and Road",which contains the development course of Export Credit Insurance System,the opportunity that "The Belt and Road" brings to Export Credit Insurance System and the guarantee of the Export Credit Insurance System to "The Belt and Road".Finally,it expounds the problems faced by China's Export Credit Insurance System.The second chapter mainly studies the theoretical basis of Export Credit Insurance System under "The Belt and Road".Firstly,it clarifies the influence of "market failure" on Export Credit Insurance and the response of Export Credit Insurance to "market failure".Secondly,it expounds the special legal principles that should be followed in the operation of Export Credit Insurance System.Finally,this paper analyzes the provisions of the Agreement on Subsidies and Countervailing Measures and the Illustrative List of Export Subsidies,and it is pointed out that the operation of Export Credit Insurance System also needs to conform to the exemption provisions of the Illustrative List of Export Subsidies.The third chapter mainly studies the practice of Export Credit Insurance System under "The Belt and Road".Firstly,this paper introduces the operating mechanism of China's Export Credit Insurance from three aspects of insurance type,underwriting process and settlement procedure.Secondly,taking the coal-fired power station project in the port of Kassem as an example,and analyzing the project risk,insurance scheme and underwriting effect in detail.Finally,the paper summarizes the underwriting experience of the Export Credit Insurance System under "The Belt and Road".The fourth chapter mainly studies the path choice of perfecting the Export Credit Insurance System in China under " The Belt and Road ".First of all,it points out the macroscopic structure of perfecting the Export Credit Insurance System from three dimensions: legislation,policy support and external supervision.Secondly,on the level of underwriting institutions,the enterprise should implement the "split management" business model,and constantly improve the risk organization management institutions,and the innovation of insurance products and contracting methods.Cooperation with Governments and financial institutions should be strengthened outside the institutions,so as to realize the internal and external repair of the management system of Export Credit Insurance System.Finally,on the enterprise level,enterprises should strengthen the construction of internal wind control system,realize the benign docking between the internal risk management institutions of enterprises and China Export Credit Insurance Corporation,and strictly adhere to the last level of the Export Credit Insurance System.