Study On Trade Finance Products Innovation Minsheng Bank For Example

Trade finance is a problem, it is difficult to trade finance for SMEs years of hard on the. With the vigorous development of China's foreign trade, foreign trade of small and medium enterprises has grown into China's foreign trade is an important force in the total import and export trillions of dollars per year in the top 200 foreign trade enterprises inseparable (up to $ 600 million threshold finalists) contributions, while many vibrant small and medium foreign enterprises have also played a pivotal role.From gradually promote market-oriented interest rates are squeezing the space savings and loan spreads, non-banking institutions to enhance the bargaining power of credit to commercial banks also brought considerable pressure. From a cost and revenue perspective, trade financing to commercial banks is quite attractive. Minsheng Bank in the field of trade finance initiatives frequently, making the line to become the main trade finance loans to SMEs.Based on the detailed analysis of a sample of Minsheng Bank SME trade finance product innovation to constraints induced, related financial innovation theory aversion and transaction costs as the theoretical basis of this study. Analysis of the commercial banking business of SME trade finance future development trend in the future, will appear in trade financing diversified and complex, and its role in the continued agility, and products under development to supply chain financing direction. Minsheng Bank introduced the current development of trade finance products for SMEs, which found there are currently insufficient product innovation and application, assessment and prevention mechanisms lack of product innovation and product risk capital supply unsound and other issues, but the main reason for these problems is internal bank trade finance products on the lower level of the overall internationalization of innovation, the ability to collect and process information is weak, does not match the product mix and customer needs as well as the development of social credit system lag. To solve these problems, determine the Minsheng Bank SME trade finance products innovative ideas and made Minsheng Bank SME trade finance product innovation strategies, including market-oriented R & D and customer needs to match the structure of trade finance products, the introduction of the core business and regulatory partners to improve the logistics problem of asymmetric information, the development of cross-border RMB settlement based trade finance services, etc., and proposed safeguards to ensure the smooth implementation of the Minsheng Bank SME trade finance product innovation. Trade finance products to improve the current situation of China Minsheng Banking innovative SMEs through this series of measures to promote the smooth development of this business, enhance the competitiveness of enterprises, to get more money.