Research On Financing Products And Benefit Evaluation Of Large State-owned Foreign Trade Enterprises

In the context of the country’s "all the way forward" strategic deployment,trade between China and the Eurasian countries is expected to take a new step,and the introduction of large state-owned foreign trade enterprises also usher in new opportunities.At the same time all levels of government in the foreign trade industry have introduced the relevant support policies,especially in financing,to forward a number of foreign trade enterprises that support the proposal.State-owned large-scale foreign trade enterprises as a type of financing behavior has been studied before,but is the current financing fruitful? How to optimize this financing structure and at the same time make more efficient use of financing products,to achieve their own operating efficiency increase,sustained and healthy development,so as to grasp the current opportunities,is the subject of this paper.The study of this kind of enterprise can not only consider the development history and current financing situation of China’s foreign trade industry from history to the present time,but must also consider the financing tools of foreign trade enterprises of all sizes and ownership types on which financing has a considerable influence.In this paper,the literature analysis and case analysis method are the main research methods.This literature analysis,combines the existing foreign trade enterprises financing literature,studies its results,to learn from the large state-owned foreign trade enterprises and absorb the theory.In the case of the case analysis,a large state-owned foreign trade enterprise in Anhui Province is analyzed,from its business background,business model,main products,financial status and other aspects of the business such as visits to the enterprise and its cooperation with financial institutions,related units and official government departments.We apply comparative analysis to the enterprise’s operating indicators in relation to other similar large-scale import and export enterprises in China,the inadequacies and the gaps highlighted in order to analyze the pros and cons of its financing products and derivatives,this is researched in depth.Our research considers five aspects: First,research background in the introduction,research questions,explaining the significance from both theoretical and practical aspects;the existing literature is classified and commented on.Secondly,the relevant theoretical background of corporate finance foreign trade policy analysis and the current economicenvironment,background,related to the theory of corporate finance MM theory,pecking order theory,and so on are used to summarize the domestic and international economic trends and policy environment facing the current international trade.We also analyse the foreign trade enterprises as they evolve throughout the the current common varieties of financing and study their financial status;the fourth case considers the combined company GIE Large-scale foreign trade enterprises and how they choose their financing and put forward the financing efficiency optimization measures,including the company management system and the structure and specific to the enterprise financing variety selection and exchange rate risk control.Finally,we summarize the research conclusions,summarize the relevant countermeasures and suggestions: corporate finance versus higher costs,financing efficiency needs to be improved,as well as relevant countermeasures and suggestions,including: continued support from macroeconomic policies,the introduction of more favorable measures to finance individual enterprises in the rational allocation of financing terms,multi-channel lower financing rates,strong foreign exchange derivatives with financing and so on.Finally,a research conclusion is provided.Current foreign trade enterprise financing innovation has evolved continuously,thanks to the free trade areas and other areas of rapid development,new financing products are born,and will require more study.