China's Export Credit Insurance Marketization Analysis And Policy Recommendations

Export credit insurance, as a generally recognized financial policy to promote nation exports, has a nearly hundred years of history. Today, most of the developed countries to better promote their export-oriented economy, export credit insurance as a catalyst to enhance the export competitiveness and capital output.As an emerging market economy, China's export credit insurance development started rather late and in a very long period export credit insurance in our country was always as a policy orientation by the state specified professional company monopoly. With the global credit insurance market operation mode has matured and the continuous development of China's export credit insurance market, the foundation and condition of short-term export credit insurance market operation is becoming more and more mature. Since January 1,2013, the Ministry of Finance has approved Chinese people's property insurance company and three other commercial insurance companies to get short-term export credit insurance business qualification. In our country, the market structure of short-term export credit insurance, which is monopolized by the China Export and Credit Insurance Company, is changing quietly.This paper reviews the development of export credit insurance in our country and abroad, and systematically analyzes the current competition situation of short-term export credit insurance market, the positive impact of the initial competition on the development of the industry and the existing problems; This paper explains the principles and special attributes of the export credit insurance business, and provides the theoretical basis for the reform of the management mode of the market; Also on the relatively mature foreign export credit insurance business model analysis, summarizes the common features of successful models, provide a reference for the reform of export credit insurance market business model in our country; finally, according to the practice of our country, thinking and discussion to adapt to China's future development direction of the industry and business model, and put forward own proposals on policy-oriented companies and commercial companies how to accurately locate and play their role in the credit insurance market.