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It has been more than 20 years since the first edition of this book was published in 1999, and more than 10 years since the second edition in 2011. In the past 10 years, traditional cross-border payments and trade financing methods have undergone earth-shattering challenges. Financial technology (fintech) has subverted conventional payment tools and currency as a medium of exchange and store of value. The emergence of Bitcoin, Ether, and stablecoins are the typical examples. The concept behind these cryptocurrencies comes from blockchain technology. In fact, since blockchain, a decentralized, distributed ledger technology, was advocated by Satoshi Nakamoto in 2008, its application has penetrated different industries and has almost subverted or is subverting the traditional operating models of various industries around the world. Meanwhile, the application of blockchain technology in cross-border payment is also at the top of the agenda for most developed and developing countries. Central banks in many countries are actively building up or facilitating the construction of cross-border payment tools of their own or are already implementing them in a pilot stage and/or on a regional basis.
The author would like to express his greatest thanks to Dr. Kai Lung HUI, the Chair Professor and Acting Dean of the Business School of the Hong Kong University of Science and Technology for his invaluable advice on the new chapter “Financial Technology and International Trade Finance”. The author would also like to express the warmest thanks to his good partner, Mr. Edmund CHAN, Director of City University of Hong Kong Press, and his team, especially Ms. Sydney STONNER and Mr. Samson MAK, for their hard work in editing the book. Without their assistance or support, it is almost certain that the new chapter and edition cannot be published on time. If the content is biased, this is solely the responsibility of the author.
Dr. Kwai Wing LUK
Adjunct Associate Professor
Faculty of Business
Macao Polytechnic University (current post)
Senior Lecturer
Division of Business
City University of Hong Kong (retired)
May 2025
International Trade Finance - From Convention to Blockchain Innovation (Third Edition)
HKD328.00
In stock
There are limited textbooks or reference materials on international trade finance specifically related to Hong Kong. This book explores various basic concepts of international trade finance alongside practical insights into local trade practices.
The third edition features substantial updates compared to the previous one, which was published in 2011. Notable improvements include coverage of advancements in electronic commerce and financial technology (fintech), particularly the adoption of blockchain-based letters of credit and Internet of Things (IoT). It also offers readers valuable insights into the important trade promotion institutions in the Greater Bay Area.
This book offers comprehensive and well-structured content, making it an excellent resource for training professionals such as trade finance practitioners, bankers, lawyers, blockchain developers, and tech entrepreneurs. It is particularly beneficial for students enrolled in the “Finance of International Trade” module of the Professional Diploma for Certified Banker offered by the Hong Kong Institute of Bankers, helping them prepare effectively for their examinations.
The third edition features substantial updates compared to the previous one, which was published in 2011. Notable improvements include coverage of advancements in electronic commerce and financial technology (fintech), particularly the adoption of blockchain-based letters of credit and Internet of Things (IoT). It also offers readers valuable insights into the important trade promotion institutions in the Greater Bay Area.
This book offers comprehensive and well-structured content, making it an excellent resource for training professionals such as trade finance practitioners, bankers, lawyers, blockchain developers, and tech entrepreneurs. It is particularly beneficial for students enrolled in the “Finance of International Trade” module of the Professional Diploma for Certified Banker offered by the Hong Kong Institute of Bankers, helping them prepare effectively for their examinations.
ISBN
978-962-937-729-8
Pub. Date
Jun 27, 2025
Weight
1.5kg
Paperback
480 pages
Dimension
150 x
228 mm
Subjects
Preface to the Third Edition (excerpt)
1. Terms of Payment in International Trade
2. Shipping Documents in International Trade
3. Shipping Terms Used in International Trade
4. Documentary Collection
5. Documentary Credit
6. Banking Facilities and Services for Exporters and Importers
7. Export Credit Insurance
8. Important Trade Promotion Institutions in the Guangdong— Hong Kong—Macao Greater Bay Area
9. Contractual Relationship of Various Parties in a Documentary Credit Operation
10. Transferable Credit (Letter of Transfer)
11. Back-to-Back Credit and Bridge Credit
12. Red Clause Credit, Revolving Credit and Standby Credit
13. Various Types of Bonds in International Trade
14. Financial Technology and International Trade Finance
15. Uniform Rules for Collections: URC 522 and eURC Version 1.1
16. Uniform Customs and Practice for Documentary Credit: UCP 600 and eUCP Version 2.1
17. Questions and Answers