Research On The Development Of Overseas Investment Insurance In China From The Perspective Of "One Belt And One Road"

With the implementation of the two strategies of "going out" and "One Belt And One Road",the enthusiasm of Chinese overseas investors and enterprises for outward direct investment is unprecedentedly high.Since the establishment of the CAFTA in January 2010,China’s direct investment in ASEAN has been on the rise,and ASEAN countries are becoming the first choice for Chinese enterprises and investors.As ASEAN countries have different levels of development and are mostly developing countries,they face high political risks.Overseas investment insurance was originally established to protect the legitimate rights and interests of qualified investors who suffered losses due to political risks.However,the underdevelopment of China’s overseas investment insurance has greatly restricted the process of China’s direct investment in ASEAN.Therefore,it is imperative to increase the research on the development of this insurance in ASEAN market.In the first part of this paper,the author combs the research object and makes a systematic elaboration of the relevant background and theoretical foundation of overseas investment insurance.The second part introduces the development of overseas investment insurance in the whole and ASEAN market in detail,and analyzes the market for ASEAN;The third part summarizes the three existing overseas investment insurance models by comparing the overseas investment insurance of the United States,Japan and Germany.The last one is based on the summary of the previous article,and puts forward some suggestions on the shortcomings of overseas investment insurance in ASEAN market.Through the research of this paper,it is found that in the process of the development of the ASEAN market,overseas investment insurance has problems such as low coverage,imperfect legal system and single function.In view of these problems,the following measures can be taken:First,to strengthen the publicity of-investors,improve risk awareness;Second,improve the overseas investment insurance legal system;Third,enrich the function of insurance;Fourth,cultivate and absorb inter-disciplinary talents suitable for ASEAN market;Fifth,increase the number of insurers.