Chongqing Bank Trade Finance Business Development Problems And Countermeasures

In recent years, with the sustainable and rapid growth of our national economy, the enlarged scale of the flowing of foreign capital and the constant adjustment of the foreign exchange administrative policy, both import and export trade have been playing a more and more important role in our economic development, at the same time, these import and export enterprises are facing a new development, therefore, they need the financial institutions to provide more and more convenient financial facility for them.As a result, the market of trade financing is getting prosperous. Bank of Chongqing.,as the third rank banks of Chinese banking industry, lags far behind the state-owned and stock-held commercial banks no matter how big in the respect of the assets-scale, the ability of international funding capacity, the professional experience, the layout netting and the international status. How to develop innovative financial projects in the respect of products-innovation and credit-management according to the changing of market and own characteristics and adapt to the market competition is the urgent subject of the development of Bank of Chongqing.This article discusses the relevant problems regarding the development of trade financing of Bank of Chongqing in the context of prosperous import and export trade and the fierce competition of trade financing business. At the same time,it uses the relevant content of the self-liquidating trade finance theory,structured trade finance theory and Supply Chain Finance theory as reference to search for the problems of trade financing of Bank of Chongqing and explains the development trend of its trade financing business, it puts forward some suggestions to promote the trade financing business of Bank of Chongqing. This article can provide some useful reference for the practical work of Bank of Chongqing, and is of certain theoretical and practical sense.This article can be divided into four parts. The first part gives an introduction to the basic concept of trade financing and its function in the business development of commercial banks, which is the core concept of trade financing and sets a theoretic base for the whole article.The second part analyzes the present status of the trade financing market and points out that in the recent 20 years, the trade financing business has developed a lot but our commercial banks still lag behind the foreign banks in the respect of innovation of products, risk-control and schedule designing. Still, by analyzing the main characters of the trade financing market, it reveals the trend of trade financing and the potential of the whole market.The third part analyzes the present condition and problems of the trade financing of Bank of Chongqing.And finally the last part puts forward some advice and suggestions for the development of trade services of Bank of Chongqing in the respect of establishing innovative concept of trade financing, the innovative mode of products, and the emphasis on the risk-control and the optimizing of strategies and accelerating the digital process.