A Study On Financing Risk Assessment Of Export Buyer’s Creditproject

In addition to the traditional bidding projects,the business development mode of international contractors has shifted to the mode of the “preferential export buyer’s credit and concession loan”,export credit financing and integration of investment,construction and operation.Researching the financing risk of projects by the export buyer’s credit can help international contractors effectively identify the financing risk and provide suggestions for risk prevention,which is conducive to the sustainable development of international contractors.This paper focuses on studying the financing risk of the export buyer’s credit project.Firstly,this paper expounds the relevant financing theories of the “preferential export buyer’s credit and concession loan”,export credit financing and integration of investment,construction and operation which are in the financing mode of China international engineering projects,especially the export buyer’s credit project theory,and points out the key points which international contractors should be paid attention to them when they select the project financing mode,the risk management method is briefly described and the analytic hierarchy process is elaborated in detail.Secondly,this paper takes C Housing Project in Africa as an example,introduces the basic situation of the case,and identifies the risk factors in the process of project financing combined with expert interviews and questionnaires.The financing risk model is constructed and the evaluation index system is established,and then it is analyzed and evaluated by using the analytic hierarchy process.Finally,the research results show that for the first-level indicators,international contractors should focus on the risks in the stage of signing financial agreement and the stage of financial close.For the second-level indicators,international contractors should focus on the risk of the effection of the financial agreement,national risk and national quota risk.This paper focuses on all risk factors of second-level indicators,and puts forward countermeasures.When studying the literature of predecessors,we find that most of them are researching the role of export credit,various financing modes and so on.At the same time,there are many risk management studies using risk management methods and analytic hierarchy process,and few in-depth studies on the financing risks of the export buyer’s credit projects.Therefore,this paper enriches the research content and results of export credit by studying the financing risks of the export buyer’s credit projects.