A few days ago, the Ministry of Commerce and China Export and Credit Insurance Corporation jointly issued the Notice on Accelerating the Transformation of Foreign Trade Development Mode by Taking Advantage of the Policy Advantages of Export Credit Insurance, emphasizing the need to further increase departmental collaboration, give full play to the policy advantages of export credit insurance, continue to stabilize and expand foreign demand, and promote the acceleration of the transformation of the mode of development of foreign trade, and pointing out in particular that special support will be given to the export of ships, automobiles, and complete sets of equipment. The Circular analyzes the export credit insurance policy advantages of export credit insurance.

　　The Notice analyzes the importance of export credit insurance. 2011, the world economic recovery is still facing more uncertainties, economic security and economic and trade frictions will become increasingly prominent, and the risks of export collection and outward investment may increase significantly. Therefore, all parties concerned should fully understand the seriousness and complexity of the situation, attach great importance to the positive role of export credit insurance risk prevention, support enterprises to make full use of export credit insurance policy, further improve insurance coverage, and effectively protect China's overseas rights and interests; at the same time, we should attach great importance to the positive role of export credit insurance policy guidance, enhance the pertinence and effectiveness of the support policy, and guide the optimization of the foreign trade structure and the formation of foreign trade competition. At the same time, we should attach great importance to the active role of export credit insurance policy guidance, enhance the pertinence and effectiveness of support policies, guide the optimization of the structure of foreign trade, the formation of a new competitive advantage in foreign trade, improve the quality and efficiency of foreign trade, and promote China's transformation from a large trading country to a trading power.

　　The Notice pointed out that the 12th Five-Year Plan is a key period for China to accelerate the optimization of foreign trade structure and promote industrial transformation and upgrading, and that in 2011, it is necessary to actively guide enterprises to maintain their existing competitive advantages in exports and accelerate the cultivation of new advantages in international competition centered on technology, brand, quality and service. ECIC will take active measures to continue to expand the scale of short-term export credit insurance, realize medium- and long-term export credit insurance, vigorously develop overseas investment insurance, and gradually develop import credit insurance business. It will focus on supporting the export of six major industries, namely, machinery and electronics, high-tech, textile and garment, light industry, medicine and agricultural products, as well as giving special support to the export of ships, automobiles and complete sets of equipment, supporting the development of four major areas, namely, independent brands, independent intellectual property rights, strategic emerging industries and trade in services, and gradually increasing the support for imports of advanced technologies, key equipments and important energy and raw materials.

　　The Notice emphasizes that the competent departments of commerce around the world and the business institutions of China CIB should further improve the coordination and promotion mechanism of export credit insurance, continue to study the reduction of the cost of insurance for enterprises, further increase the support for key industries and fields, and expand the scale of underwriting for key industries and fields; at the same time, according to the new situation and requirements, put forward the support focuses in line with the characteristics of the local development, and formulate the supporting policies and measures, so as to ensure the implementation of the measures. implementation in place. It is necessary to actively build a comprehensive export risk prevention and control platform, incorporate national risk evaluation, export credit insurance, buyer credit investigation and commercial account recovery into the management scope of the platform, study and introduce supporting policies and measures, and encourage enterprises in local industrial agglomerations to utilize the risk prevention and control platform. In addition, ECIC should strengthen cooperation with commercial banks, continuously enrich export credit insurance products, combine risk management with credit settlement, and jointly customize insurance and financing service solutions for enterprises; it should actively take measures to optimize business processes, help insured enterprises improve their credit risk management mechanism, effectively prevent export risks, and continuously improve the quality and level of export credit insurance services.