China Trade Finance Market Size and Share
| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 4.00% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Trade Finance Market Analysis by Mordor Intelligence
The China Trade Finance Market is expected to register a CAGR of greater than 4% during the forecast period.
The China Trade Finance Market is anticipating during the forecast period. Trade finance includes lending activities, factoring activities, forfeiting activities, letters of credit, export credit and financing activities. Trade finance involves several parties involved, including buyers and sellers, trade financiers, export credit agencies, and insurance companies. Trade finance can take many forms depending on the degree of confidence between counterparties and the amount of funding required from banks.
Suppose the transaction only involves the importer and exporter. In that case, it can be completed on an open account or a cash-in-advance basis (money is received before items are dispatched). Banks, nevertheless, play a part. To reduce the risk of non-payment, banks provide products. The exporter asks the exporter's bank to produce documents and obtain money from the importer as part of the documented collection.
China Trade Finance Market Trends and Insights
Digitization Transformation is Driving the Market
Due to the coronavirus impact and compliance requirement changes, the industry transitioned from perceiving early adopters as driving the digital transformation to one where digitization is necessary. The Fintech industry saw exponential growth after Covid-19. China, in particular, saw the highest adoption rates of FinTech in Asia at 69%. FinTech firms in this country are particularly successful at tapping into the tech-literate but, according to the study, financially under-served segments.
Growth of SMEs Driving the Market
China, a global trade heavyweight, boasts substantial imports and exports. Its trade finance market plays a pivotal role in facilitating cross-border transactions for Chinese businesses. This market, largely dominated by banks, sees a prominent presence of state-owned giants like Industrial and Commercial Bank of China (ICBC), Bank of China (BOC), China Construction Bank (CCB), and Agricultural Bank of China (ABC). These banking powerhouses offer an extensive array of trade finance solutions tailored to businesses of all scales. Key instruments in China's trade finance landscape encompass letters of credit (LCs), documentary collections, bank guarantees, trade credit insurance, and export financing. These instruments effectively manage risks for both importers and exporters, ensuring seamless cross-border trade.
Competitive Landscape
The research provides a general overview of the trade financing market's competition and a fast recap of recent merger and acquisition deals. It comprises corporate profiles of a few trade finance and trade technology companies in the industry and banks. Some of the key players in the market are China Merchants Bank, China CITIC Bank, China Minsheng Bank, China Everbright Bank, and Ping An Bank.
China Trade Finance Industry Leaders
-
China Merchants Bank
-
China CITIC Bank
-
China Minsheng Bank
-
China Everbright Bank
-
Ping An Bank
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- March 2023: Ascenda, a global rewards infrastructure company, and China CITIC Bank Credit Card Center launched the next generation of the China CITIC Bank Point Program. It is to accelerate premium customer acquisition and its new retail development strategy.
- February 2023: Ping An Insurance Company of China, Ltd. announced that the Hong Kong Insurance Authority granted Ping An Bank Hong Kong Branch an insurance agency license. It will help the bank to better cater to their customer.
China Trade Finance Market Report Scope
The financial tools and goods businesses use to support international trade and commerce are referred to as trade finance. Commerce financing makes it simpler for importers and exporters to conduct business through trade.
The China trade finance market is fragmented and segmented by service providers and end user. By service providers, the market is sub-segmented into banks, trade finance companies, insurance companies, and other service providers. By end users, the market is sub-segmented into exporters, importers, traders, and others. The report offers market size and values in (USD) during the forecast years for the above segments
| Banks |
| Trade Finance Companies |
| Insurance Companies |
| Other Service Provider |
| Exporter |
| Importer |
| Traders |
| Others |
| By Service Providers | Banks |
| Trade Finance Companies | |
| Insurance Companies | |
| Other Service Provider | |
| By End User | Exporter |
| Importer | |
| Traders | |
| Others |
Key Questions Answered in the Report
What is the current China Trade Finance Market size?
The China Trade Finance Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)
Who are the key players in China Trade Finance Market?
China Merchants Bank, China CITIC Bank, China Minsheng Bank, China Everbright Bank and Ping An Bank are the major companies operating in the China Trade Finance Market.
What years does this China Trade Finance Market cover?
The report covers the China Trade Finance Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the China Trade Finance Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Page last updated on:
China Trade Finance Market Report
Statistics for the 2025 China Trade Finance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Trade Finance analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
