Study On International Trade Financing Business Developing Strategy Of Chinese Commercial Banks

China is known as "the world’s factory", and it is the largest trading nation in the world. According to the International Chamber of Commerce(ICC)’s estimation, 80%-90% of the total trade value needs the support of trade financing, and commercial banks are the main body of foreign trade enterprises’ exogenous financing source. International trade financing occupies an extremely important position in the banking business. In terms of Chinese enterprises, the study of international trade financing can solve foreign trade enterprises and related enterprises’ funding problems, increase the enterprises’ financing channels, reduce business costs. Viewed from the angle of commercial banks, international trade financing business has characteristics of high-profits, relatively low-risk, close correlation between business, and it has high demands on banks’ hardware facilities and service skills, so it can drive and promote banking innovation, improve their core-competence.With China’s economy stepping into the “new normal” phase, commercial banks face more diversified and cruel competitive pressure. Trade financing business with larger profit space become commercial banks’ inevitable choice to expand new business space. Contrast to trade financing business of commercial banks in developed countries accounted for over forty percent of the total income, this ratio is much lower in our country. But at present the development of international trade financing business faces external problems such as: the macro policy and environmental restrictions, discordant service chain and so on. There are also many problems of commercial banks themselves: low level of technical skills, incomplete risk prevention and control measures, low level of products and so on. Unable to satisfy the enterprises’ diversity demands. Advancing the course of business is so difficult.This paper carried on thorough theoretical research in international trade financing, fully revealed its characteristics of strong self-liquidating, low risk, high interest, flexible and diverse forms. This paper pointed out that the international trade financing business is the key business that commercial banks should strive to promote. At the same time, combined with commercial banks’ financing business practice over the years, pointed out the restricted problems on the development of Chinese commercial banks’ trade financing business.This paper used Qingdao port financing fraud as typical case, carried on thorough analysis. Many financial institutions were involved in this case, and the amount was so large, brought huge risks to the involved banks, reflected the problems existing of Chinese commercial banks, this is a typical case. Domestic commercial banks should take it as a warning, review thoroughly, make a fresh start. Otherwise, the consequence is unimaginable.Based on the above analyses, this paper proposed developing strategies for commercial banks’ international trade financing business as follows:1. On the base of indispensable SWIFT platform for international trade financing business, introduce TSU as soon as possible and develop related products; 2. Improve coordination mechanism with related parties with the business chain, take the initiative to strengthen cooperation with them; 3. Perfect the design of internal risk monitoring mechanism; 4. Develop financing products that can not only meet the demand of market differences also can reduce the financial risks, increase comprehensive trade financing products’ market share; 5. Call for more macroscopic policy supports and more macro environment improvements.