The Study Of Financial Supporting System For Foreign Trade In China

Foreign trade, investment and consumption together are called "three carriages" to pull the economy. Foreign trade acts an extremely important role in our country's economy increase. With the development of economy globalization, our country, which in the WTO now, has a daily increased close relation to the global economy. Of course, it faces a severer external competition too. Although all the countries in the world want to perform foreign trade policies which adapt to their own situation, joining the WTO means that they must abide by the common international rules and conventions. As a formal member of WTO, Chinese government has to realize that our policies must accord with the rules of WTO, at the same time of promoting export. The government should establish and perfect the system of financial support for foreign trade at the right moment, which can not only help foreign trade enterprises develop their imports, exports and foreign investments, but also improve the competition abilities of domestic enterprises and exported commodities in the global market. It also accords with the international criterion, which is in common use in the world.This paper firstly defines the purpose and value of financial supporting system for foreign trade. Based on former domestic and foreign studies, it analyzes the direct push and strong pull to export of policy-based finance, and the cooperate effect of policy-based finance and commercial finance to the development of foreign trade. It introduces the system of financial support for foreign trade in U.S, Japan and France, whose principle part are export credit and export credit insurance. After the discussing of the characteristics and direction of the system of financial support for foreign trade in developed countries and the illuminations they give us, we summarizes the status quo of developing Chinese export credit and export credit insurance, the main problems of our system of financial support for foreign trade, the function and orientation of government, and some measures to develop our system of financial support for foreign trade. In the end, this paper gives an empirical study according to the system of financial support for foreign trade in Zhejiang Province, and gives material measures to improve it. They are: 1. Policy-based financial institutions should develop affairs such as export credit and export credit insurance to support Zhejiang enterprises; 2. Commercial financial institutes should positively find financial products which adapt to the characteristics of the operation of foreign trade in Zhejiang to expand the operation scope; 3. Exporting corporations should strengthen the relations to financial institutions, and keep eyes on the constructing of system of financial support for foreign trade; 4. Accelerate the developing of operations such as export credit and financing assurance; 5. Search for new financial supporting methods in the new foreign trade system; 6. Strengthen the supervision and management of the system of financial support for foreign trade; 7. Enhance the communion and cooperation between foreign trade& economy department and financial department.