| Since the reform and opening up, China’s foreign trade has developed continuously and stably. Especially after we became a member of WTO, China has participated in the international trade cooperation more actively. China’s total export continues to rise and has obvious pull function to macro economy. However, we also have to see many uncertain factors, for example: the global financial crisis, the European debt crisis. These negative events lead some results: International market demand reduces; trade frictions happen frequently and so on. Most of our export enterprises are small or medium. They boost China’s foreign trade development powerfully. They make a great contribution to the development of China’s economy and trade. But the financing difficulty has been bothering them. The traditional credit model, due to a variety of reasons, can not meet their funding needs. Originally, the supply chain financing is applied in domestic trade financing. Combining supply chain financing with international trade financing provides a new and effective way to solve this difficulty. The supply chain financing has a unique perspective for credit, with the closed, self-liquidating and continuity characteristics. It has four different modes of operation. Each has its own advantages. Enterprises can select individually. Also, enterprises can compose different modes due to the characteristics of the different stages of production, considering the cooperation relations between the upstream and downstream enterprises. In developed countries, supply chain financing started earlier than us. There is still a gap between us and the developed countries. We should learn from foreign countries combining with our specific conditions. Not only the policy and legislation, but also the concrete operational steps, should be refined and improved. This task is quite significant. It can solve the financing difficulties for lots of export companies. In addition, the banks, the core enterprises, logistics enterprises can gain the new development opportunities. |
