Research On The Establishment Of Shenzhen Offshore Shipping Insurance Market

Since China jointed to the WTO in 2001,It has made great progress in merchandise trade,becoming the largest trading nation in the world.With the development of international trade,there is an increasing demand for shipping insurance.However,the development of shipping insurance is still far behind merchandise trade in China,especially the offshore shipping insurance which is a symbol of high-end shipping insurance service.Shenzhen is experienced in developing offshore finance and is busied in international trade,It is one of the best city in China to develop Offshore Shipping insurance market.Firstly,This article will analyse the experience of developed Offshore Shipping insurance markets such as Singapore,Bermuda,Hongkong and the developing Domestic Offshore Shipping insurance market such as Shanghai.Secondly,It will analyse the necessity and feasibility of Shenzhen to develop the Offshore Shipping insurance market,the result show that it is necessary and feasible for Shenzhen to develop the offshore shipping insurance market.Finally,the paper will put forward suggestions to the development of Shenzhen offshore shipping insurance market,including introduce an development plan,relax foreign exchange controls,attract international insurance institutions,appeal and cultivate the talents,strengthen cooperation with Hong Kong and Macao,improve the maritime law,establish an insurance exchange market,improve the ability of innovation and service,strengthen international cooperation,and so on.