Research On The Capital Globalization Of Insurance Professional Intermediaries In China

With the further opening up of China's financial industry,the degree of opening up of insurance intermediary is also further deepened.The liberalization of restrictions on foreign investment entering the insurance intermediary field will intensify the competition in China's insurance intermediary market and pose greater challenges to Chinese insurance intermediaries.Under this open background,if insurance intermediaries want to take the initiative in competition,they should innovate the development model and expand their own advantages.Innovation and development mode can not be separated from the operation of capital.Under the background of economic globalization,the transnational flow of capital not only enlarges the use direction of private capital,but also brings opportunities to absorb foreign capital.To a certain extent,this provides more space for the development of insurance intermediaries.Under the background of opening up,capital flow brought about by capital globalization is an opportunity for insurance intermediaries to enhance their competitiveness,innovate their development models and expand their development in the market competition.The research on capital globalization of insurance intermediaries plays an important role in enhancing the international competitiveness of insurance intermediaries.Therefore,this paper studies capital globalization based on the development of insurance intermediaries in China.Fanhua Inc.is the most famous insurance intermediary in China.It not only innovates the business model of "backup platform + individual entrepreneurship",but also is the only insurance intermediary listed abroad at present.It has certain exploration in the aspect of capital globalization.Therefore,this paper takes Fanhua Inc.as an example to study the impact of capital globalization on operational efficiency,aiming at providing reference for other insurance intermediaries in the industry.This paper is mainly divided into four chapters.Chapter one is the theoretical analysis of capital globalization.Based on the general theory of transnational flow of financial capital,this chapter analyses the causes,effects,paths and risks of capital globalization of insurance intermediaries.Finally,it summarizes the factors that determine and influence the capital globalization of insurance intermediaries from the aspects of financial environment,enterprise globalization strategy and core competitiveness.Chapter two is the realistic analysis of the capital globalization of insurance intermediaries in China.By explaining the background of capital globalization of insurance professional intermediaries in China,this chapter starts from the development of insurance professional intermediaries in China,and summarizes the existing problems of capital globalization of insurance professional intermediaries in the ways of participation and development modes.Chapter three is a case study of capital globalization of insurance intermediaries in China.This chapter mainly carries on the case analysis to the Fanhua Inc.'s capital globalization.By means of statistical analysis and content analysis,this paper separately analyses Fanhua Inc.'s two ways of capital globalization: listing overseas and obtaining overseas capital investment.Using the data in Fanhua Inc.'s Annual Report,this paper combines financial index method with DEA method to analyze the impact of overseas listing on Pan-China's operating efficiency,and evaluates and analyses the effect of Fanhua Inc.'s capital globalization from two aspects: the choice of target market and the use of capital,and explains the reference value of the case.Chapter four is the countermeasures and suggestions of capital globalization of insurance intermediaries in China under the background of opening up.Based on the previous theoretical analysis and the selected cases as a reference,this chapter combines the current situation of the development of insurance intermediary industry in China,and puts forward pertinent suggestions on the diversification of capital globalization path,innovative development model and strategic awareness cultivation of insurance intermediary groups in terms of capital globalization.This paper combines financial index analysis and data envelope analysis to make a quantitative study of Fanhua Inc.'s operation efficiency,and to analyze the impact of overseas listing on Fanhua Inc.'s operation,which is different from the normative study of domestic listing behavior.This paper has some innovations in the combination of quantitative research methods.In addition,in the existing studies,there is a certain research basis for the global distribution of insurance companies,but there is a lack of research on the capital globalization of insurance intermediaries,especially the case study of specific enterprises.This paper enriches the research on the capital globalization of insurance intermediaries.Especially,it combines the Fanhua Inc.'s capital globalization to carry out case studies,so there are some innovations on the specific issues of the research object.