The Research Of The International Trade Settlement Innovation In State-owned Commercial Banks In China

Accompanied with the dramatic change of macroeconomic environment and microeconomic environment in the world, RMB exchange rate against the U.S. dollar rose rapidly from the second half of 2007 to early 2008. The import and export trade of the country, especially the export trade, was greatly affected. On the other hand, at the second half of 2008, caused by the global financial crisis, the scale of import and export of the country declined sharply. In addition, in the local market, the state-owned commercial banks also face with intense competition comes form the foreign banks and the loss of the professional staffs. As a result of these factors, the operation in international trade settlement field becomes more and more difficult in these state-owned commercial banks. In order to avoid the decline of the income and market share, the innovation of international trade settlement has the key to solve the problems which these banks have.This paper refers to the latest developments related to the theory of international trade settlement and starts on the analysis of the status of international trade settlement in these state-owned commercial banks today. Then the author proposes the solutions to these problems, emphasizes the necessity of the innovation in the field and gives an example to confirm the importance of the innovation for these banks. At last, the author points out the trends of international trade settlement in China. This paper gives some suggestion in order to push forward the international trade settlement innovation in these state-owned commercial banks.