Research On Risk Management Of International Trade Finance For ICBC Heilongjiang Branch

With the rapid development of China’s international trade in recent years,the enterprises gradually increase the demand for international trade finance, andthe international finance business of commercial banks in China faces a hugespace for development. Due to the dual impact of business development as wellas the overall level of risk prevention, the International trade finance businessrisk prevention of ICBC Heilongjiang branch has made some achievements, butcompared with the leading banks in the world, there are still significant gaps anddeficiencies. Therefore, to strengthen the understanding and management of theinternational trade finance risk of this bank is particularly i mportant.The paper first outlines the types of risks of international trade financebusiness and some international trade finance business risk managementapproaches. Subsequently, this paper takes ICBC Heilongjiang Branch as theresearching subject. The paper describes and analyzes the international tradebusiness, international trade finance business, as well as international tradefinance business risk management current situation of this bank. Finally, thearticle introduces some existing problems in international trade finance riskmanagement of the bank, which cover the field of financing, financing objects aswell as laws and regulations and other aspects. Finally, according to the problemsof the bank’s international trade finance business risk management above, thepaper provides some countermeasures to improve the international trade financebusiness risk management capabilities of ICBC Heilongjiang Branch, includingthe perfection of the internal control system, a reasonable specification processand the improvement of the quality of personnel.