随着我国人民币汇率形成机制改革的进一步深化，人民币对各可自由兑换货币的
汇率波动频繁且幅度更大，对我国商业银行国际贸易融资业务产生重大影响。商业银
行在开展国际贸易融资业务时应将防范汇率风险，实现保值增值作为产品创新的重要
内容之一。
本论文以SPD银行为研究对象，从贸易融资和汇率波动的基本理论入手，总结了
国际贸易融资的特点和发展国际贸易融资对企业及银行的现实意义。结合人民币汇率
波动的现状，阐述了当前人民币汇率波动对商业银行国际贸易融资业务操作所带来的
影响，通过实证分析法，检验了人民币汇率波动与商业银行国际贸易融资的长期正向
波动的稳定关系。SPD银行是我国股份制商业银行中的代表，本文从产品开发现状、
特色业务等多方面介绍了SPD银行的成功经验，同时又从客户结构、风险防范、产品
结构、人才储备等多方面指出了SPD银行当前发展国际贸易融资业务中存在的瓶颈和
障碍，并有针对性的从应对汇率波动的产品创新、员工人才培养、健全贸易融资授信
等方面提出了建议与对策。以期为股份制商业银行更好的推动国际贸易融资业务发展
带来指引。
关键词：国际贸易融资 人民币汇率波动 商业银行
作 者：徐 琴
指导老师：乔桂明英文摘要 SPD 银行国际贸易融资业务研究
II
RESEARCH ON INTERNATIONAL TRADE FINANCE
BUSINESS OF SPD BANK
Abstract
International trade financing refers to comprehensive financing service that
commercial banks offer to international trade in commodities and service based on the
debtor-creditor relationship between both sides. It links the financial market and the real
economy and functions in supporting trade and economic development. International trade
financing shows the characteristics of fast liquidity, strong time-effectiveness and low risk,
thereby, becoming the new growing point in business of commercial banks.
With the reform of RMB exchange rate regime, the exchange rate of RMB against
other convertible currencies fluctuates frequently and substantially, which has fundamental
influences to international trade financing of domestic commercial banks. Domestic
commercial banks, when doing international trade financing, ought to put the prevention of
exchange rate risks and the maintenance and increase of value at the agenda.
This paper, based on the theories of trade financing and exchange rate fluctuations,
concludes features of international trade financing and explains its realistic value to
companies and banks. Through empirical analysis method, this paper examines long-term
effects RMB exchange rate fluctuations have on international trade financing. SPDB is a
representative of domestic joint-equity commercial banks. This paper introduces successful
experiences of SPDB in product development and unique services and also points out the
bottlenecks SPDB encounters in international trade financing. Furthermore, this paper
makes suggestions in product development, personnel training, financing credit
improvement, etc. The author hopes to provide ways for commercial banks in promoting
international trade financing.
Keywords: International trade financing, RMB exchange rate fluctuation, Commercial
bank
Written by Xu Qin
Supervised by Qiao Gui Ming
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