Banks Wait For Export Prospects, Cautious Credit.

Recently, the central bank explicitly proposed to encourage and guide financial institutions to expand the scale of export credit, and explore the provision of RMB medium and long-term financing in export credit.

However, under the premise that export situation is still grim, banks' attitude towards export credit is more cautious. They pay more attention to risk control.

The Ministry of Commerce forecast yesterday that the impact of the deterioration of the international economic situation on China's import and export in 2009 may be further deepened. China's export growth to the US, EU and Japan market is not optimistic in the first few months of this year.

The export volume of the 104th Canton Fair ended earlier this month dropped by 17.5% compared with the previous session.

The impact of this situation is undoubtedly pmitted to the banking industry.

A few days ago, Meng Jianbo, deputy director of the Guangdong banking regulatory bureau, said that the subprime mortgage crisis had a great impact on Guangdong's foreign trade. At present, the credit risk is relatively large, which indirectly has an impact on Guangdong's banking industry.

He said that with the decline in overseas demand, the efficiency of Guangdong's export enterprises has been worse, and the default rate of loans has also risen.

At present, the non-performing loan ratio of Guangdong textile enterprises is 27.3%, an increase of 2.38% compared with the same period last year. On the contrary, as of the end of 9, the rate of non-performing loans in Guangdong (except Shenzhen) dropped by 1.5% compared with the beginning of the year.

In this regard, a regulatory official told reporters that the improvement of the bad rate of some foreign trade industry is a signal in general.

In fact, the default rate of loans in Guangdong's foreign trade industry has increased, which involves many kinds of services provided by the banks for export enterprises, including letters of credit, bills and so on. Export credit is only one of them.

However, the overall survival situation and business environment of export enterprises, as well as the increase in loans that have been highlighted, have already affected the overall export oriented trade financing services of banks.

A senior executive of a state-owned bank also told reporters that the impact of the plight of the enterprise on the quality of bank assets is still a process, and there is no general trend.

However, the non-performing loans of export enterprises in the bank have been reflected in cases, for example, furniture enterprises which rely mainly on exports and several customers are bad because of reduced orders.

A state-owned bank's international business division told reporters that the bank was more cautious about export oriented financing needs, and that the inspection of export enterprises was more stringent than in previous years, which is the same in all banks.

At present, the head office of the bank has not further instructed the central bank to encourage commercial banks to expand export credit scale.

The top executives of the state-owned banks also told reporters that although the central bank encouraged commercial banks to expand the scale of export credit, the amount of export credit made by the bank is not particularly large.

According to his understanding, at present, the business volume of export credit is not very large.

Obviously, the current excitement of banks is not to provide financing services to export enterprises.

According to the reporter's understanding, the focus of bank's current credit is concentrated on projects supported by the state, such as infrastructure construction, and the attitude of banks to export financing is reserved, and it is emphasized that management and risk control should be strengthened.

Zhou Kunping, assistant general manager of development and Research Department of Bank of communications, also said that the bank's demand for funds for export enterprises should be treated differently. It is very prudent for some low-end exports with high risks and poor market conditions. After all, small foreign trade enterprises have difficulty in surviving. If banks support risks regardless of risks, the risk of banks themselves is caused.

But he also stressed that the export structure is undergoing pformation, and some high-end technology products still need more external demand.

For example, shipbuilding industry, as a whole, the order of Shanghai shipbuilding enterprises is decreasing, some are returning goods, but the cruise ships have not returned and are increasing.

Therefore, banks should pay attention to the study of new changes in exports, rather than across the board, for some promising export demand banks still have to support.

However, the industry is still optimistic about the effect of the policy. Wu Zhifeng said that if foreign importers can obtain Chinese export credit during the freeze of credit, it will help them import from China and enhance our export competitiveness. Medium and long-term financing is also very helpful for the export of mechanical and electrical equipment, especially when developing Asia Africa market.

Zhou Kunping also said that the central bank's policy is very beneficial to the steady growth of exports.