Study On Trade Finance Service Innovation Of China Commercial Bank

As the economic internationalization is increasing and China became a member of WTO,the import and export trade has developed rapidly in China.The import and export trade not only contributes to the national economy growth,but also exploits a wider market for the trade financing of banks.But when the foreign trade develops rapidly,the international and domestic environment has been changing.In this case,on the one hand,the traditional trade financing product in banks cannot adapt to the change of the market,and the changes of customer needs also put forward higher requirements on the trade financing services of banks;on the other hand,with the rapid development of China's economy and the deepening of the foreign commercial banks in China,domestic banks have also set up branches to occupy the market,and China's banking is facing more intense competition,so domestic commercial banks also need to take the initiative to improve their business innovation ability,so as to strive for more profit space.Therefore,it is urgent to innovate on international trade financing.In recent years,many domestic commercial banks have attempted and explored how to effectively carry out innovation of the international trade financing business,and have made a lot of achievements.But from a general view,there are still many problems in the international trade financing of Chinese commercial banks.In order to truly achieve development of the international trade financing business,the trade financing should be comprehensively studied in the theory and practice,and the innovation of the international trade financing business should be carried out effectively,which can better support the development of China's import and export,and help domestic commercial banks to change to international commercial banks.This is also the purpose of the paper.With the author's many years of work experience in the international business department of the commercial bank,the author have a good master of international business and the regulation on foreign exchange control of our country.Guided by the theories related to financial innovation and international trade financing,the paper describes the status for the development of international trade financing in China's commercial banks,and illustrates the necessity of innovation of the international trade financing business.After the analysis of the existing problems in innovation of the international trade financing business in commercial banks of China and the reasons,the paper puts forward countermeasures for international trade financing innovation in commercial banks,including the innovation of the business development concept,product innovation,market innovation and institutional innovation.At last,the paper puts forward the safeguard measures for the development of international trade financing innovation to better realize the trade financing innovation plans of commercial banks and put the plans and measures into practice.