The Main Obstacles And Countermeasures Of Private Operating Export Credit Insurance In China

Export credit insurance plays an important role in promoting the development of export economy.There is a clear gap comparing the development of state-owned export credit insurance with the development of foreign export credit insurance in the development level,business model and the legal system.The existing business model constrains the development of export credit insurance.At present,the business model of export credit insurance has become the focus of existing studying.In view of this,the paper takes private capital operating export credit insurance as the research theme.In the process of research,through the analysis of relevant literature and practical problems,this paper analyzes the existing problems of state-owned enterprises,and further points out that the state-owned management system restricts the sustainable development of export credit insurance.The paper studies the the development of foreign export credit insurance focusing on the development about British,France,Singapore and other places,then find that private capital operating export credit insurance has become a trend.In view of the foreign development experience and the development status quo of the domestic market,the paper put forward the issue of privatization,and have a related research.In the study of privatization,this paper analyzes the necessity and feasibility of privatization,fully demonstrates the conditions of private capital operating export credit insurance.The paper further studies the obstacles of export credit insurance privatization in risk assessment ability,underwriting risk experience,legal system,management system,professional team and other aspects.Then the paper put forward countermeasures to barriers of export credit insurance privatization combined with the existing market development and foreign development experience.Research recommendations:In the risk assessment,companies can consider taking strategic cooperation in the short term,and gradually establish their own risk assessment team,and then improve their own risk assessment system.In the legal system,Government can consider starting from three steps.Firstly,they can add the perfect administrative documents about details in the operation.Secondly,they can choose to supplement the export legislation in the existing legal system.Finally,they can gradually establish a set of perfect laws and regulations to form a special legal system.In the supervision and management system,Government needs to firstly clear the scope of private market that is short-term insurance business.Secondly,they can learn from foreign development experience and the development of the domestic market situation,and establisha the specialized regulatory mechanism that is composed of government,enterprises and export credit insurance experts,and further clarify its operating duties of regulating and supervising market behavior.Then these contents are determined by administrative orders or laws and regulations.In the team building,enterprises can consider enhancing the overall strength of their own employees in the short term through the introduction of external talent and staff training.From a long-term point of view,it is necessary for enterprises to do a good job of market demand oriented personnel training to provide talent support.This paper takes the development mode of export credit insurance as the research object,and studies the main obstacles and countermeasures of private export credit insurance.This research seizes the export credit insurance research hot spots,and accords with reality problem of the development.