The Study Of The Innovation Of Trade Financing In Zhongguancun Branch Of A Bank

With the continuous increase of China's international trade participation and international trade status,the risks and complexity in international trade are also increasing.The financial difficulties of import and export companies need to be solved by relying on commercial bank trade financing business.Compared with commercial banks in developed countries,domestic commercial banks have significant gaps in trade financing,especially in trade financing innovation.Bank A Zhongguancun Branch has paid more and more attention to the trade financing business in recent years.Regardless of human resources,incentive policies,etc.,it has tended to lean toward trade financing business.However,the scale of trade financing business has remained stagnant for a long time.The strategic realization of the transformation and development of Bank A Zhongguancun Branch has a positive and practical significance in studying the improvement and innovation of the trade financing business.Through literature review,it is shown that the distinguishing feature of the trade financing business from the traditional credit business lies in its self-reimbursement,that is,the assets under trade financing and the income it generates are the main sources of repayment of bank loans,followed by the company's own comprehensive payment.Ability,this is the important reality basis that this article studies.The concept,motivation and influencing factors of the innovation of trade finance were reviewed,laying the theoretical foundation for the following analysis.At the same time,it also correspondingly compares the trade financing business with the traditional credit business in terms of credit rating.A detailed introduction was given to the operating environment of the Zhongguancun Branch of Bank A and the business conditions of the trade financing business,including the characteristics of the Zhongguancun demonstration area and important economic data,the scale of the nationwide trade,and the business data of the trade financing business in the past ten years.Through the analysis of these data,it can be clearly seen that under the overall favorable external trade environment,the trade financing of Zhongguancun Branch of Bank A is still stagnant,and even some years are backwards,which is related to the overall external environment.The divergence also highlighted the real problems in the trade financing business.Based on the motivations and influencing factors of trade financing innovation in the literature review,and through other possible influencing factors obtained from expert interviews,one by one analysis was conducted.In the six aspects of traditional trade financing products,innovative trade financing products,external environment,peer competition,customer resources,and personnel professional capabilities,it reveals two major issues of lack of innovation timeliness and customer rating system behind.From the point of view of innovation theory,the innovation or improvement of the customer credit rating model can expand the market scope of the trade financing business,and accordingly optimize the organizational structure and business processes.It belongs to the aspects of market innovation and organizational innovation,while product innovation belongs to Technological innovation in innovation theory.From the perspective of financial innovation,narrow sense financial innovation includes financial tool innovation and financial business innovation.The innovation or improvement of the customer credit rating model is the content of financial business innovation,and product innovation belongs to the scope of financial tool innovation.Since trade finance innovation is a refinement and subdivision of the financial innovation concept,the improvement or innovation of the customer credit rating model and the timeliness analysis in product innovation are all in line with the concept of innovation,and it belongs to the category of trade finance innovation.According to the two problems found,solutions were proposed.In the form of a modular product library,trade finance product innovations are made to improve the timeliness of innovation;on the other hand,for self-reimbursed trade financing products,the customer rating model must be based on the customer's own comprehensive solvency assessment.Changed to asset financing and safety evaluation under trade finance.In order to improve the competitiveness of trade finance products,expand the scope of customers,and achieve the growth of trade financing business.