银行将在中国开展供应链金融服务外文翻译.docVIP

外文翻译 原文 Banks Turn to China for Supply Chain Financing Material Source: Group Product Manager, Supply Chain Finance, Standard Chartered Bank Author: Brandon Feng ?Synopsis: In times when clients of regional banks are increasing their dealings in China without the protection of letters of credit, such banks will need to enter into partnerships with supply chain financing in Asia. This will enable them to remain competitive in their home markets, especially against more global banks. OECD Companies Expanding Trade With China There are a number of strong regional banks in the United States, the European Union and Australia whose strategy revolves around being a comprehensive provider of banking products and services to corporate clients in their home markets. But as these companies seek to become more globally competitive, they are constantly looking to expand their markets and achieve cost efficiencies by shifting sourcing to low－cost manufacturing bases. A market that accounts for the most significant contributor to this shift is China. It is not only one of the biggest and fastest growing markets for companies in the developed world, but also one of the most cost－effective sources of supply. This has resulted in rapid growth in trade in the last decade between China and companies from countries in the Organisation for Economic Co-operation and Development (OECD).This trend has implications for regional banks in developed markets (‘OECD banks’) in terms of their ability to provide full trade services for their corporate clients. They need to develop a good understanding of China to be able to cover their clients’ trade with companies there. This involves providing risk protection, arranging for finance at both ends of the transaction, and generally facilitating efficient trade. OECD Banks and Companies Used to Benefit from Letters of Credit The challenge for OECD banks with no presence in China would not have seemed so insurmountable