Study On The Countermeasures Of Applying Export Credit Insurance For Engineering Contractor A

At present,China’s economy is moving from the period of high-speed growth to the period of high-quality development.The CPC Central Committee and the State Council have clearly proposed that we should unswervingly promote a new round of high-level opening to the outside world,promote a high-quality and high-standard co-construction of the "Belt and Road" and build a powerful trade country.The "Belt and Road" construction is going deep into reality,injecting new impetus into the world economy,and brings rare historical opportunities for China’s engineering contracting enterprises to accelerate the process of internationalization and the development of "go out".At the same time,overseas project contracting faces the complicated international political and economic situation with all kinds of political and commercial risks.Uncertainties in the external environment are increased,risks and challenges are ascended.In addition,engineering contracting enterprises face many difficulties in the process of overseas project financing,which restricts their rapid development.As an important policy-oriented financial instrument supported by the State in the development of foreign trade and economic cooperation,export credit insurance plays an irreplaceable and important role in serving the construction of the "Belt and Road",in fostering new advantages of international economic cooperation and competition,and in promoting the optimization of economic structure.Therefore,it is of great significance to study how to make good use of export credit insurance as a policy-oriented financial instrument to effectively guard against risks,promotefinancing and open up markets.Besides,it is of great significance to promote the overseas development of engineering contracting enterprises in China.This paper studies the current situation,existing problems and reasons of the business of a typical engineering contracting enterprise,a company using export credit insurance to open up overseas business,and puts forward some countermeasures and suggestions on how to further apply export credit insurance.By analyzing the specific products,conditions and innovation models of the project contracting enterprises supported by export credit insurance,and combining with some cases,this paper reveals the important role of export credit insurance in the overseas business development of the project contracting enterprises,as well as the problems existing objectively in the process of applying export credit insurance.Summarizing the reasons and putting forward some suggestions,so as to help the similar enterprises to understand and to use this policy-oriented financial tool more deeply,the tool effectively prevents risks,promotes financing,opens up markets,conforms to the national strategic orientation and development opportunities,actively integrates into the "Belt and Road" construction,and helps enterprises have a better "go out" development.