Research On Cross-Borrder Insurance's Support For China's OFDI In Southeast Asia

Since the "One Belt And One Road" initiative was put forward in 2013,the development of "One Belt And One Road" has become an inevitable choice for common development of all countries,from the initial imagination to practice step by step.At the same time,"win-win cooperation" has become the main theme of countries' foreign relations,and FDI is one of the main ways for China to cooperate with other countries in the world.Located in Asia,China's geographical advantages and convenience make Chinese enterprises focus their OFDI on Asia.From the perspective of history and resource endowment,southeast Asia has become the best choice for direct investment.Along with the opportunities,the uncertainties and risks of investment are also surging,such as Thailand and myanmar,which have frequent political instability,the Philippines' "south China sea issue",which has caused serious disputes and conflicting positions between the two countries,as well as countries like east timor and brunei,which have little access to the legal blind spots.All kinds of risks aggravate the possibility of failure of China's direct investment in southeast Asia.For this reason,both companies and the government are looking for effective ways to support Chinese enterprises' direct investment in southeast Asia,and cross-border insurance is the most effective one at present.This paper studies the specific model of cross-border insurance supporting China's OFDI in southeast Asian countries through comprehensive literature analysis and case analysis,and puts forward countermeasures and Suggestions based on its existing shortcomings.The author first introduces the investment situation of Chinese enterprises in southeast Asian countries and the four risks they face.Next,this paper explains and analyzes the current supply situation of cross-border insurance and the risks covered by existing insurance types,and summarizes and constructs the two major support modes provided by cross-border insurance--risk guarantee and financing mode.Then,this paper compares the support model of China's cross-border insurance with foreign models,and puts forward the deficiencies of the current development of cross-border insurance.At last,after learning from successful experience,the author puts forward Suggestions for the government,insurance institutions and enterprises,and puts forward improvement countermeasures for the aspects of legislation,transnational cooperation of reinsurance companies and insurance type optimization,so as to provide new ideas for the development of cross-border insurance.