A Comparative Study Small And Micro Businesses Export Trade Finance Products Of Zhejiang Rural Credit Union

In recent years,with foreign trade endowments and comparative advantages are constantly changing,the development of China's foreign trade into a “new normal”,which characterized by low growth,innovation and brand driven,frequent trade frictions.Under the influence of “new normal” foreign trade,cross-broader e-commerce and other factors,the oversea order of Chinese small and micro export enterprises are becoming increasingly fragmented.The traditional international trade financing requires single trade contact for each financing.However,under this tendency,such operate procedure couldn't meet the “urgent,frequent and fast” demand of the small and micro export enterprises.Which makes it harder for the short-fund small and micro enterprises' running.Zhejiang rural credit union as a typical financial institutions which services small and micro enterprises.First of all,this paper analyses its business data to reflect the current situation of export business customers.Then compares the advantages and disadvantages between the traditional trade financing products and the newly promoted "export accounts receivable pool financing" and "tax micro credit" products of Zhejiang rural credit union.By doing questionnaires and analyzing the bank data to illustrate the impact of such new products on the export business of small and micro enterprises.Under the new situation,it turns out that the traditional trade finance products has been unable to fully meet the needs of small and micro export enterprises."Accounts receivable pool financing" aggregates fragmented receivables and provides rolling funds for small and medium-sized enterprises.The "tax micro loan” products,with flexible way of security,low threshold,high efficiency advantages,provides a new financing channels for micro-enterprises.The promotion of these two types of products to better meet the financing needs of the small and micro export enterprises and be able to support the development of their export business.This conclusion can provide some reference for other financial institutions to develop trade financing business under this new situation.