【作者】 张峰；

【导师】 张建新；

【作者基本信息】 复旦大学 ， 公共管理（专业学位）， 2013， 硕士

【摘要】 近10年来,贸易金融作为银行发展中间业务的前沿阵地之一,在取得巨大成功的同时,也引发了“银企联合套利”、“创新规避监管”等诸多舆论关注。什么推动了贸易金融的迅速发展?是怎样的内外部环境催生出了贸易金融目前的生长业态?贸易金融的发展前景如何?监管部门又有哪些可以改进的地方?笔者认为,除开银企自身的利益诉求,市场设计和监管政策是更具诱导性和决定性的外部因素,笔者试图结合自身在国际业务条线的工作经验,梳理政府监管政策的变化下贸易金融的发展过程,着重从外部因素的角度剖析贸易金融的发展逻辑,解答上述问题,并进一步提出对市场设计和监管政策等方面的建议。更多还原

【Abstract】 With the increasing activities of foreign trade, trading related financial service (TRFS) has prospered in our banking sector and become a critical aspect of the banking service innovation. The three pillars of TRFS, international settlement, trade finance and FX transaction, have also grown in company. Though TRFS, the front line of intermediary banking business, has made a huge step in the last decade, the problems of’bank-business co-arbitrage’,’innovative regulation evasion’have also drawn the attention of the public. What is driving the growth of TRFS? Is the concern of ’co-arbitrage’ and ’regulation evasion’ just non-sense? What kind of environment has brood the current morphology of TRFS? What is the prospect of TRFS? Are there any potential regulation improvements lying ahead? In the author’s opinion, beside the profit maximizing objectives of banks and businesses, market regime and regulatory policy are the two external factors of larger inductive and decisive power. Aiming to solve the questions above, the author is trying to link his working experiences of international banking with the theories of international economics, categorizing the classic products and business modes in the history of TRFS, analyzing the development path of TRFS from an external factor perspective, and giving suggestions on market regimes and regulatory policies.更多还原