Problems Of And Solutions To China's Export Credit Insurance Market

Export credit insurance has always been an important policy-based financial instrument which supports foreign trade export.In the sight of international situation,it has undergone development of about one hundred years in the countries with higher export credit insurance penetration rate and is relatively perfect while in China it only has a history of more than 20 years.Although export of about $25 per $100 is achieved directly or indirectly by export credit insurance in China at present,there is still a large gap compared with developed countries.In 2017,the annual underwriting amount of China's export credit insurance exceeded $500 billion,with the growth trend being maintained and the development prospect bright.In 2013 with the opening of the short-term export credit insurance market,the development of export credit insurance market in China took on new features,but new problems were created during the process.Therefore,based on the development of export credit insurance in China and the present market-oriented operation,the author analyzes the problems existing in the development of export credit insurance market in China and puts forward solutions to the problems,which has a guiding significance on the development of the export credit insurance market in China.In this paper the author first reviews relevant theories on export credit insurance.Then,through a series of data and charts,she analyzes the development trend of the export credit insurance and the inevitability of market-based operation under the present situation.The author also analyzes the experience of three representative countries in the development of export credit insurance market that can be used for reference by China and compares and contrasts the market share and main products with developed countries;The author's main purpose is to find out such problems as the unsound market mechanism,the imperfect market-oriented operation,lack of market regulation and the entrance into the bottle-neck period in the development of the export credit insurance market in Chin,and makes an in-depth analysis of the problems.Finally on the current problems existing in the development of export credit insurance market in China,the author,by borrowing the experience of developed countries,and through in-depth analysis and research,puts forward her own solutions and suggestions about promoting the further marketization of the export credit insurance market in China and ensuring sustainable and healthy development of the market.