Preliminary Study on Construction of China’s Overseas Investment Insurance System Based on Comparative Analysis of Investment Insurance Systems of the US, Japan, Germany, and MIGA

Abstract

With the advancement of the Belt and Road strategy, China’s foreign direct investment has grown rapidly, and the political risks faced by Chinese enterprises in overseas investment are also increasing. It is a common practice in the world’s major capital exporting countries to prevent overseas investment risks by establishing an overseas investment insurance system. Among them, the insurance systems of the United States, Japan, Germany, and the Multilateral Investment Guarantee Agency (MIGA) are the most representative, and they are also models for countries to follow. At present, China has not yet established a legal system for overseas investment insurance. China Export & Credit Insurance Corporation is the only operating institution that provides overseas investment insurance in China, and its overseas investment insurance business only accounts for a small proportion and has not played its due role in safeguarding overseas investment. This paper, on the basis of comparative analysis of foreign experience, combined with China’s actual problems and needs, selects the most worthy reference systems of various countries and proposes specific ideas for establishing and improving China’s overseas investment insurance system.