our reporter li qiaoyu
"scale expansion and financial services can no longer effectively support china's economy to achieve high-quality development. as the core of modern economy, the financial industry will face the external business environment of export-oriented economic contraction and domestic demand economic growth for a long time in the future." recently, at the 2020 china listed bank development forum, zhang jianhua, president of huaxia bank, said that trade finance can meet the diversified financial needs of enterprises with outstanding characteristics such as "rich products, flexible means, easy transaction, easy circulation and resource saving", and the transaction documents can be verified and the background is true, which is conducive to risk prevention and control, and helps to solve the problem of difficult and expensive financing of small and medium-sized enterprises. at the same time, through accurate positioning, accurate financing accurate service, online, scene and digital development, and help the new pattern of "double cycle" development
in addition, at the "china financial technology forum" of 2020 china international trade in services fair, zhang jianhua proposed that under the new pattern of "double circulation", supply chain finance has become an important starting point to rely on core enterprises, serve small and medium-sized enterprises and ensure the stability of the industrial chain. fintech provides an important driving force for the development of supply chain financial ecology, contributes to the stability of industrial chain and supports the development of real economy by building an "enabling" system, a "science and technology" core and an "open" pattern. in addition, huaxia bank, with the development achievements of the transformation of "commercial bank investment bank", appeared online in the financial services special exhibition of 2020 service trade fair through the "cloud exhibition hall"
the semi annual report shows that huaxia bank takes multiple measures to fight the epidemic and promote the resumption of work, and timely opens a green channel for cross-border business. during the epidemic period, it provides business support for customers in wuhan, beijing, shenzhen and other regions to import epidemic prevention materials and accept overseas donations and grants during the epidemic period; at the same time, we launched the service schemes of "financing" and "certificate preparation" to provide enterprises with integrated comprehensive financial services such as whole process foreign exchange policy consultation, so as to provide strong financial support for the work of "stabilizing foreign investment" and "stabilizing foreign trade"
trade environment and opportunities
for the importance of trade to economic development, zhang jianhua pointed out that international trade has long been regarded as the engine of economic growth. from the perspectives of "absolute advantage theory", "comparative advantage theory", "economies of scale and product differentiation", etc, international trade has brought commodity exchange to a new level, brought international comparative advantage into play in a wider range, and promoted the progress of enterprise organization system and many technologies. at present, all countries are highly dependent on trade in goods, accounting for more than 40% of the global economy
at present, great changes have taken place in the global and china's trade environment. affected by the covid-19, the economies and production activities of countries around the world have weakened significantly, trade protectionism is prevalent, the global supply chain and market demand have been hit hard, and the world economy is facing the risk of sharp decline. under the influence of the epidemic, with the superposition of structural, cyclical and institutional problems of the domestic economy, the domestic economy is also facing continuous downward risks. a considerable number of economic entities, especially private enterprises and small, medium and micro enterprises, have difficulties in production and operation, and the financial industry is facing rising credit risks
in zhang jianhua's view, china's economy and trade is also facing new development opportunities. one is that china's super large-scale market is becoming more mature. from the perspective of domestic demand potential, china is the world's most populous country and has cultivated the world's largest middle-income population. in addition, china has a complete industrial system, with more than 170 million talents with higher education or various professional skills. china's savings account for more than a quarter of the global total, providing a large amount of surplus funds for domestic economic growth. second, major strategic achievements have been made in the current domestic epidemic prevention and control, the orderly recovery of production and living order has been accelerated, and the domestic economic operation has accelerated to return to normal. the third is the overall acceleration of "two new and one heavy" investment. in the first half of the year, both the central and local governments started with the "two new and one heavy" to list plans, plans and lists. at the same time, they opened up a variety of financing channels, attracted more social capital to participate, and accelerated the implementation of the "two new and one heavy" investment projects
in addition, china's advanced technology industry chain is rising rapidly. in recent years, the added value of china's pharmaceutical manufacturing industry, automobile manufacturing industry, computer communication and other high-tech manufacturing industries has increased significantly. the covid-19 has also given birth to new industries such as intelligent manufacturing, life health, new materials and new technologies such as big data, cloud computing and the internet of things. in the first five months, the high-tech manufacturing industry increased by 3.1% and the output of 3d printing equipment, integrated circuits and charging piles increased by more than 70%
actively respond to changes and explore the "double cycle" trade financial services
zhang jianhua believes that the financial services provided by banks to trade include six categories: trade settlement, trade financing, supply chain finance, financial management, credit guarantee and risk avoidance and preservation, including trade settlement trade financing, supply chain finance and financial management belong to capital exchange services, while credit guarantee, risk avoidance and preservation belong to value-added services in a broad sense. trade settlement mainly carries out currency payment and fund transfer. trade financing provides short-term financing or credit facilities related to settlement. supply chain finance provides financial services for upstream and downstream enterprises based on core enterprise credit. financial management provides financial activity management based on enterprise transaction process. credit guarantee is a financial service for banks to fulfill their responsibilities through paid lending their own credit guarantee, hedging is a value-added service launched by banks to avoid risks for enterprise transaction risks
in the face of the epidemic and changes in the trade environment, huaxia bank adhered to its original intention, worked with enterprises in the same boat, took various measures to actively respond, made every effort to help foreign trade enterprises resume work and production, increased effective financial supply, ensured the orderly operation of enterprises, and fully exceeded the business objectives set at the beginning of the year
at the beginning of this year, in the face of the sudden epidemic, a special working group on trade finance was quickly established, the online cross-border financial service guide of huaxia bank was timely launched, rapid deployment, active action, three-level linkage between the head office and branches, internal and external linkage, green channel was opened, special affairs and urgent affairs were handled, and all efforts were made to ensure the emergency import of epidemic prevention materials overseas donations were successfully received. during the spring festival holiday, wuhan, suzhou, chongqing and other branches of the bank opened a green channel to urgently handle the purchase and payment of foreign exchange for customers for the import of epidemic prevention materials worth millions of dollars
in zhang jianhua's view, trade finance can not only give full play to the advantages of international circulation in "promoting foreign trade stability" and "actively utilizing foreign capital", but also undertake the construction tasks of new urbanization, provide supply chain finance, domestic letter of credit, project guarantee and other services, and make great achievements in domestic circulation. for example, huaxia bank has established the international financial service brand of "global smart win", which can provide cross-border financial services such as "export settlement win" and "asian dollar remittance through train", and also established the domestic financial service brand of "win-win chain" to provide supply chain financial services
specifically, the characteristic brand of "asian dollar remittance through train" launched by huaxia bank can pay us dollars to asia and provide special services such as cross-border express remittance, domestic express remittance, full payment and multi currency remittance; the "yinrentong" product is a basic transaction based on financial leasing and supports the revitalization of fixed assets of real enterprises. the bank launched the "win-win chain" supply chain finance brand and innovatively launched the "supply chain cloud account" to meet the needs of remote and convenient account opening of supply chain business
it is worth mentioning that huaxia bank innovatively launched the "financing" service scheme to provide enterprises with integrated comprehensive financial services such as whole process foreign exchange policy consultation, cross-border letter of guarantee / standby letter of credit enhancement, exchange rate risk avoidance and appreciation, do a good job in "stabilizing foreign investment" and "stabilizing foreign trade" and help enterprises return to work and production
in the first half of the year, huaxia bank's trade finance line successively launched online functions such as supply chain cloud account, supply chain online signing, blockchain forfaiting, e-letter of credit, enterprise online banking batch purchase and payment of foreign exchange, so as to realize "contactless" services, reduce customers' travel costs and contact risks, enhance mutual trust among peers, improve handling efficiency and help enterprises reduce financing costs
thanks to the continuous development of online business and product innovation, the development of huaxia bank's trade finance business sector is quite interesting. according to the interim report, by the end of june 2020, the operating income of trade finance had increased by 35% year-on-year, and the income of intermediate business had increased by 10% year-on-year; meanwhile, the number of cooperative customers of trade finance business increased by 15% year-on-year compared with the same period last year
overall, as of the end of the semi annual report of 2020, the balance of on and off balance sheet assets of huaxia bank's trade finance exceeded 600 billion yuan, an increase of 8.26% over the end of the previous year; the asset balance of domestic securities and other light capital businesses was nearly 200 billion yuan, a year-on-year increase of 24.92%; we will increase the distribution of agency banks serving the "the belt and road", and 657 agency banks along the "the belt and road", accounting for 52.77%
in the face of the new situation of shrinking export-oriented economy and domestic demand-oriented economic growth, zhang jianhua pointed out that china should guide commercial banks to carry out financial supply side reform and implement trade finance transformation, from the original external circulation trade finance mainly serving international trade to the dual circulation trade finance simultaneously serving international and domestic trade, with the help of big data, cloud computing, blockchain internet of things and other technologies, accelerate the online and digital operation and management of trade finance business, innovate technical means of customer marketing and risk control, improve the level of operation and management, increase financial support for small and medium-sized enterprises, and promote china's economic transformation and development the content of the article is created by the author, who is responsible for the authenticity, accuracy and legitimacy of the content. haiyi advocates respecting and protecting intellectual property rights. without the permission of the author and / or this website, it is not allowed to copy, reprint or use the content of this website in other ways. if you find that there is a 凯发app官网入口 copyright problem with the articles on this site, please contact us chuhaiyi@baidu.com , we will verify and handle it in time