Research On The Current Situation And Development Of China’s Official Export Credit Insurance Institutions

Export credit insurance is a kind of policy financial instrument for the country to protect the interests of its exporters and promote its international trade.Confiscation reflects the national industrial policy and plays an irreplaceable role in the development of the national economy.China’s the belt and road initiative has been introduced and implemented in recent years,and more and more enterprises are beginning to enter the international market.At the same time,the trend of world multi-polarization and economic globalization is developing in twists and turns,protectionism and unilateralism are rising,the world economy is adjusting,multilateralism and free trade system are being impacted,unstable and uncertain factors are increasing,and the risks and challenges faced by export enterprises are increasing.Therefore,as one of the three policy tools to support the export of enterprises,export credit insurance faces greater responsibilities and challenges.As the only policy credit insurance institution in China,China Export&Credit Insurance Corporation has played an important role in serving the country’s foreign economic exchanges,stabilizing employment and maintaining the domestic macroeconomic stability since its establishment in 2001.Especially since the financial crisis,in order to cope with the impact of the international financial crisis on China’s foreign trade industry,SINOSURE has been increasing its support for key industries and export enterprises,giving full play to the unique role of export credit insurance as a policy financial tool,playing a key role in stimulating exports,investment,employment and boosting the confidence of export enterprises.After nearly 20 years of development,China Export&Credit Insurance Corporation has achieved remarkable results in corporate governance,business scale,product innovation,and risk management.The business scale has been ranked first among international official export credit insurance agencies for many consecutive years.New stage of development.However,with the continuous deepening of China’s reform and opening up and the continuous changes in the international and domestic political and economic situations,various contradictions and problems in the company’s development have become more prominent.There are many places worth learning and learning from in the aspects of professional team building.At present,the development of the world is facing a major change that hasn’t happened in a century.The international and domestic situation is becoming more and more complicated.The economic and trade frictions between China and the United States have shown a long-term and complicated trend.China insists on promoting a new round of high level opening up and building The belt and road with high standard and high quality.Under this background,it is very important to study the current situation of the development of China Export&Credit Insurance Corporation in the new situation,analyze the existing problems and deficiencies.It also has a great theoretical and practical significance for China’s export credit insurance to further perform its policy functions,serve the country’s high-level opening up,protect the foreign trade and investment risks of Chinese enterprises,and safeguard the national interests.