Research On International Trade Financing Innovation Of China Commercial Banks

Currently,our country is focus on developing the strategy of "The Belt and Road Initiative",during the Year 2016-2020 and the next five even ten years,our country will continue to strengthen the consociation of infrastructure construction,foreign trade,investment and financing with the countries and regions along "The Belt and Road".With the actively promotion and gradual implementation of this strategy,the cooperation of national economic and trade exchanges among China and other countries become more closely,the process of international trade development are accelerating,our enterprises overseas investment project scale and overall level are improved unceasingly,the scope of international trade financing are extending continuously,along with the financing demand growing rapidly,it will inevitably lead to the new and higher requirements of our commercial banks' international trade financing service.There is no doubt that our commercial banks will usher in an unparalleled period of international trade financing business opportunities.From another point of view,the implementation of the "The Belt and Road" Strategy is also facing unprecedented risks and difficulties,which brought more complex conditions and challenges to our commercial banks to expand international trade financing business.Therefore,how to grasp the opportunity in this particular period,try to avoid risk and actively explore the market development potential of this business,further to improve the bank's comprehensive strength has become an urgent need to study and solve the problem for the commercial banks.The author wants to take the implementation of "The Belt and Road" Strategy which influence the international trade financing business of China commercial banks as the breakthrough point,mainly focus on development and innovation of international trade financing business of our commercial banks,in order to adapt the new time request and solve the problem of limitation which exist in the current financing products.First of all,reviews the present development of commercial banks' international trade financing business,then summarized the main financing products,on the basis of the new chance and challenges of international trade financing business under the new background,the paper analyzes and focuses on the problems in the development of China's foreign trade financing business at the moment.Secondly,based on summarizing and comparing the existing international trade financing products and models,also combining the specific financing needs under "The Belt and Road" Strategy,the author try to explore the innovation concrete framework and implementation plan from several aspects,such as concept innovation,product mix innovation,and management innovation.To explain clear,some small cases will be used in this part.Thirdly,by consulting annual report of several major banks and China financial statistics yearbooks,the author select seven representative commercial banks in our country,such as BOC,ICBC,CCB,CMB...sorting out the relevant data of these banks from year 2009-2017,then establishes a multiple-linear regression model to estimate the effects of international trade financing innovations.It makes a conclusion that international trade financing,capital scale positively related to the efficiency of commercial banks,among them,the amount of international trade financing are significantly positively correlated with the efficiency of commercial banks.Therefore,our commercial banks should strengthen their support for trade financing business innovation and promote their own advantages.And then,this article will take China Bank as a case,introduce the current situation of its foreign trade financing along with some innovative products during recent ten years.And share the successful experience of providing trade financing under the "The Belt and Road" new strategy direction for reference,also analyze China bank's problems of trade financing business innovation at last.Finally,based on the international environment,this paper aiming at the problems and risks which mentioned above then put forward my own options and suggestions in order to promote the steady and healthy development of China commercial Banks' international trade financing innovation business.