Research On Trade Financing Of Small And Medium-sized Enterprises In Bank A Of Chengdu Branch

In August 2018,the State Council’s Leading Group Meeting on Promoting the Development of Small and Medium-sized Enterprises pointed out: “At present,China’s small and medium-sized enterprises have the typical characteristics of “five six seven eight nine”,contributing more than 50% of tax revenue and more than 60% of GDP.More than 70% of technological innovations,more than 80% of urban labor employment,and more than 90% of the number of enterprises.,China’s small and medium-sized enterprises are important foundations for building modern economic system and promoting economic to achieve high quality development.And for expanding employment and improving people’s livelihood,they’re also an important support.However,one of the biggest development bottlenecks for SMEs which play a pivotal role in the development of the national economy is the shortage of funds,that is,financing difficulties.Bank A Chengdu Branch is one of the four state-owned commercial banks.It is located in Chengdu,the capital of Sichuan Province.Although it has a large number of trade settlement customers,SMEs in its region still face difficulties in financing trade in banks.The research method adopted in this article is mainly an interview survey method.The interview targets are professionals in trade finance positions of Chengdu Branch of Bank A.Interviewee in the survey believe that the joint role of enterprises,banks and governments affects the success or failure of SMEs’ trade financing.To build a favorable mechanism and smooth channels for them,all three must be involved.The interviewee emphasized that in the process of SME trade financing,in addition to the enterprises need to strengthen their own construction,banks themselves need to carry out reforms and innovations,and the government needs to strengthen the creation of a macro environment for trade financing.Through research and analysis,this paper believes that the factors affecting SMEs’ trade financing mainly include the following three aspects.First,in terms of small and medium-sized enterprises,including inadequate self-construction,lack of core technology,weak ability to resist risks,and lack of effective guarantees.Secondly,in terms of banks,they mainly factors include insufficient attention,lack of incentives,and the need to change the approval and risk control methods.The third aspect is the government,which mainly needs to strengthen the construction of the macro environment,such as the construction of legal systems,the construction of credit guarantee systems,the construction of banking service systems,and the construction of risk prevention and control systems.Finally,thorough the perspective of Bank A’s Chengdu branch,this article analyzes and summarizes financing strategies from the corporate,banking,and government which provides certain references and suggestions for helping SMEs to obtain trade financing.