The Analysis On The Small & Medium Enterprises' International Trade Financing In China In The New Situation

As the most dynamic of contemporary economic life,the booming trend of SMEs has swept every corner of the world. Small & medium enterprises have attracted more and more attention with a wide range of remarkable achievements, such as its flexible and diverse strengths, contribution in the GDP, import and export accounting, tax dedication and innovation.2002-2007 is one six years of the rapid and healthy development of SMEs in China. In 2003, our Government re-defined criteria for the classification of SMEs, this year the amount of the national state-owned and non-state enterprises is 196,222, of which 99% of SMEs. In 2007 total of 333,858 small and medium scales, accounting for 99% compared to the same caliber companies. In context of subprime crisis suffering in the world economy, until 2009, SMEs registered in the business sector has reached 10.23 million, with individual businesses, the total will be more than 42 million. The total number of small and medium enterprises have accounted for more than 99%, with 74.7% of the work to create added value, creating jobs for the total employment population more than 80% of the population. Although the position of SMEs in the national economy and the role has been self-evident, but less than 20% of financial resources belong to SMEs. The ability of international trade financing is still weak, so the developments of SMEs in China are too difficult to play thoroughly its full advantage.As the world economy is accelerating the pace of virtualization, small and medium enterprises are so difficult to meet its development and growth through its own long-term accumulation. Financing is definitely good and fast choice of all. At present, China's economy is still in the transition stage which is not perfect. Compared to land, labor and other production factors, market-based capital factor fall far behind. The financing of SMEs is even more difficult. From its own characteristics of SMEs, small and medium enterprises have their small scale but with a strong flexibility and adaptability, relatively low administrative costs and more efficient ,more strong ability to innovate. But the lack of operating funds, weak against risk is also an indisputable fact. Requirements for financing small and medium enterprises have their own unique characteristics: the amount of small, fast, high frequency. Given the special circumstances of the current stage and its own characteristics and requirements of SMEs, only few can do endogenous financing in China. Trade finance is a good mode which adapts to the requirements and development of SMEs. So, it is very valuable to make sure the status of SMEs, study the problems and propose the suggestion of problem.This article is divided into five parts. The first part is introduction. Introduce the significance of the topic of this article, research status and actual situation, the research methods and the main architecture. The second section describes the standard definition of SMEs by comparing small and medium enterprises at home and abroad and sums up the characteristics of SMEs in China from various angles. Finally, it comes to SMEs'pivotal position in the national economy. The third section summarizes the status of trade finance and trade finance of SMEs in China face the new situation in the "subprime" crisis. When it comes to the fourth part, analysis of problems of trade finance becomes the main point. The last part of article is the promotion of problem.In summary, based on China's foreign trade export-oriented big country, small and medium enterprises come across all sectors of national economy. Focus on trade finance, small and medium enterprises become the main object of study. SMEs have to make rational use of financial resources from financial institutions with learning from experience in developed countries. In the new situation, probe into the status of SMEs to trade finance, the existed problems and how to settle down. Through the above, release of the vitality of SMEs and make them do greater contributions to the national economy.