Research On The Innovation Of Foreign Exchange Settlement Business For Commercial Banks In The New Financial Times

With the continuous development of economic globalization,various fields including financial industry have undergone various changes.For commercial banks,the reform in the financial field is not only the key to conforming to the trend of globalization and enhancing the comprehensive competitiveness,but also one of the key tasks of responding to the national economic construction guidelines and policies and enhancing profitability.At present,the proposed "Belt and Road" policy has further promoted the development of China's import and export trade.From the total trade volume,the proportion of China's trade with the "Belt and Road" has risen and the gap between the two exchanges has been maintained.In 2016,the total trade volume between China and other countries along the routes was US $ 953.59 billion.From the perspective of import and export structure,the trade surplus between China and the countries along the "One Belt and Six Roads" gradually expanded from 2011 to 2015.The development of international trade has set new requirements for the foreign exchange settlement business of commercial banks and brought about new balances as well.In the meantime,with the development of Internet finance and the like in China,the content and form of settlement businesses are also increasingly diversified,forming a new competitive force in the settlement of commercial banks,Against this background,based on the development of the foreign exchange settlement business of commercial banks in the new financial era,this article analyzes the new situation we are facing and analyzes the specific cases to put forward the measures and suggestions for reform and innovation.In the research of this article,firstly,the research background,research contents,research methods and innovations of the thesis are introduced.Secondly,it introduces the theoretical basis and references of the topic,which mainly covers the introduction of foreign exchange settlement business,the introduction of the theory of foreign exchange settlement business innovation and the introduction of relevant regulations of innovation system,and introduces the relevant literature at home and abroad.Thirdly,based on the analysis of the status quo of commercial banks 'foreign exchange settlement business innovation in the new financial era,the paper introduces the principles,requirements,processes,departmental settings and disadvantages of commercial banks' foreign exchange settlement,and then analyzes the main factors that affect the innovation of foreign exchange settlement business,Environment,trade policy,IT conditions,internal bank factors,management and other aspects of work.Fourthly,taking CCB FS branch as an example,based on the practice of foreign exchange settlement of the branch,this paper chooses the rate of change of interest rate,the contribution rate of information technology,the rate of bad credit,the exchange rate of profit and loss,the rate of return on assets,the risk rate of innovative products,social credit Mechanism and other factors,the use of statistical methods to build a model for multiple linear regression analysis,combined with empirical research,draw conclusions,put forward corresponding recommendations.Through empirical research,we can find that all factors have a certain impact on the settlement business innovation.Information technology as a powerful support and leading role cannot be underestimated.At the same time,we also realize that innovation means the existence of risk and risk is inevitable,the focus of commercial banks should focus on risk prevention and control,rather than avoid risks and give up innovation.Through the above analysis,it can provide new inspiration to the development of international foreign exchange business of commercial banks and provide new ideas for the innovation and development of the foreign exchange settlement business of commercial banks in the future.