Exploration On Credit Risk Management Of Export Foreign Trade Enterprises In Post - Crisis

The global economic crisis originated in the U.S. financial tsunami brought profound changes in the international trade situation. As the economic engine China’s export is badly damaged. In the special period and the special circumstances Chinese enterprises have to face the increased credit risk, including:the longer export credit period, larger marker share from emerging markets which have great credit risk, a large number of bankrupt enterprises and banks, trade protectionism in developed countries, and the increased pressure of RMB appreciation etc..Private export enterprises which account about more than90%of the total number of export enterprises are affected firstly. Such small-scale enterprises have intense competition, weak anti-risk ability, awareness of credit risk, inadequate credit management system, employees with poor awareness of credit risk. So they are more vulnerable to the impact of export credit risk.With regard the problems in the existing export credit risk management of private enterprises in China, Learning from the maturity credit risk management theory this paper proposed export credit risk in the post-crisis era of private enterprise should prevent occurrence of risk in three point. In the pre-trade period, private foreign trade enterprises should pay attention to the identification and assessment of customer credit risk. During the trade, private foreign trade enterprises should emphasize credit risk diversification. In the after-trade period, private foreign trade enterprises should strengthen the management of receivables.In the case study part, this paper identified several export credit risk troubles witch confused the CIE company. These troubles include international trade environment gradual deterioration, lack of customer credit management system, poorly diversified credit risk transfer instruments, and lack of professional credit risk management. Accordingly this study posits that CIE should enhance the competitiveness of the company to cope with the deterioration of the international trade environment, establish a comprehensive internal customer credit management system, combined with the development of strategies to enhance the awareness of credit risk management, and actively diversify credit risk etc..