Research on China's Overseas Investment Expropriation Insurance ——Based on MIGA's Experience and Enlightenment
DOI:
https://doi.org/10.54097/y9gkdn83Keywords:
Overseas investment insurance, expropriation, indirect expropriation, China Export & Credit Insurance Corporation.Abstract
With the promotion of the "Belt and Road" initiative, the scale of China's overseas FDI has been growing exponentially, and the exposure of Chinese enterprises to overseas investment to political risks has also been on the increase. It is common for major capital-exporting countries in the world to safeguard themselves against overseas investment risks by creating an overseas insurance system for such investments. Amongst them, the Multilateral Investment Guarantee Agency (MIGA) is a representative insurance system, which is also a modality that China can learn from. At this moment, the China National Export and Credit Insurance Corporation (Sinosure) is the exclusive domestic commercial enterprise that covers overseas capital investment insurances in China. There are still some deficiencies in the scope of coverage, insurance premium regulations and underwriting conditions in the field of insurance. This essay investigates the issues of collection on insurance for Sinosure 's overseas ventures, learns from MIGA's insurance system, and puts forward suggestions for improvement.
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