Research on Settlement Risk Prevention and Control and Financial Strategy Optimization of Textile Cross-Border E-Commerce Enterprises under the RCEP Framework
Main Article Content
Abstract
The implementation of the Regional Comprehensive Economic Partnership has introduced unified regional rules and institutional dividends, reducing trade uncertainty among member states and creating a more favorable environment for textile cross-border e-commerce exports. However, currency diversification and differences in settlement rules within the region have intensified settlement risks. Taking textile cross-border e-commerce enterprises as the research object, this paper systematically analyzes four types of settlement risks under the RCEP framework: exchange rate fluctuation risk, credit default risk, compliance supervision risk, and payment operation risk. A multidimensional risk assessment index system and quantitative model are constructed to evaluate enterprise settlement risk levels. Based on empirical analysis, financial strategy optimization plans are proposed from four dimensions: settlement method selection, exchange rate risk management, financial process optimization, and compliance system construction. The study provides theoretical support and practical guidance for textile cross-border e-commerce enterprises to reduce settlement risk, improve financial stability, and achieve steady development by effectively using RCEP regional trade dividends.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
References
P. Zhang, G. Zhao, K. Wang, Y. Chen, J. Shi, Z. Du, X. Zhang, J. Yang, W. Huang, and Y. Ding, “Enjoying RCEP Dividends with the ‘Optimal Solution’,” China Customs, no. 2, p. 12, 2023.
M. Shen and T. Li, “A Detailed Explanation of the ‘Regional Comprehensive Economic Partnership (RCEP)’,” Global Business Classic, vol. 000, no. 001, pp. 110-120, 2021.
A. Liu, M. Osewe, Y. Shi, X. Zhen, and Y. Wu, “Cross-Border E-Commerce Development and Challenges in China: A Systematic Literature Review,” Journal of Theoretical and Applied Electronic Commerce Research, vol. 17, no. 1, pp. 69-88, 2022, doi: 10.3390/jtaer17010004.
Y. Peng, “Japan and South Korea’s engagement in the Chinese market post-RCEP implementation: A case study of the semiconductor industry,” Asia and the Global Economy, vol. 4, no. 2, Art. no. 100085, 2024, doi: 10.1016/j.aglobe.2024.100085.
R. Al-Silefanee, “Economic Freedom, Knowledge Economy, and CO2 Emissions: A Panel Data Analysis within the EKC Framework,” Journal of the Knowledge Economy, 2026, doi: 10.1007/s13132-026-03238-6.
J. Wu and A. Lu, “Analysis of International Competitiveness of Chinese Textile and Clothing,” 2020, doi: 10.2991/assehr.k.200207.030.
L. Perez-Sanchez, R. Velasco-Fernandez, and M. Giampietro, “The international division of labor and embodied working time in trade for the US, the EU and China,” Ecological Economics, vol. 180, Art. no. 106909, 2021, doi: 10.1016/j.ecolecon.2020.106909.
X. Wu, “EXPORT STATUS OF SHSOCING TEXTILE INDUSTRY UNDER THE BACKGROUND OF BELT AND ROAD INITIATIVE,” Academic Journal of Earth Sciences, vol. 2, pp. 79-88, 2024, doi: 10.61784/ajes3010.
X. Qu, “Research on the Development of Cross-Border E-commerce in the Context of Digital Trade,” 2020, doi: 10.2991/aebmr.k.201128.073.
S. Li, G. Chen, J. Zhu, Q. Xie, J. Jiang, and C. Liao, “Empowering China’s cross-border e-commerce: high-quality development explored through fsQCA,” Humanities and Social Sciences Communications, vol. 12, no. 1, Art. no. 1183, 2025, doi: 10.1057/s41599-025-05551-y.
Y.-C. Wang, J.-J. Tsai, and W. Chen, “Factors affecting cross-border RMB settlement under the Belt and Road Initiative: An empirical study based on panel data of 19 countries (regions),” Journal of Physics: Conference Series, vol. 1629, Art. no. 012058, 2020, doi: 10.1088/1742-6596/1629/1/012058.
R. Lin, “Risk Analysis and Development Research of Cross-Border E-commerce Payment Under the Background of Internet Finance,” in 2021 International Conference on Applications and Techniques in Cyber Intelligence, J. Abawajy, Z. Xu, M. Atiquzzaman, and X. Zhang, Eds. Cham, Switzerland: Springer International Publishing, 2021, pp. 72-79, doi: 10.1007/978-3-030-79200-8_10.
Y. Tan, “Financial Risk Management of Small and Medium Sized Enterprises in the Internet Environment,” in 2021 International Conference on Big Data Analytics for Cyber-Physical System in Smart City, M. Atiquzzaman, N. Yen, and Z. Xu, Eds. Singapore: Springer Singapore, 2022, pp. 215-223, doi: 10.1007/978-981-16-7469-3_23.
Y. Wang, “The Impact of Rcep On Cross-Border E-Commerce: A Case Study of JD International,” Frontiers in Business, Economics and Management, vol. 17, pp. 52-57, 2024, doi: 10.54097/s8wxs629.
M. Sun and J. Yang, “Business environment facilitation in RCEP countries and China’s OFDI: a mechanism analysis based on the depth of regional trade agreements,” Finance Research Letters, vol. 86, Art. no. 108862, 2025, doi: 10.1016/j.frl.2025.108862.
Y. Zhang and J. Zhang, “Innovation Path of International Talent Training Model in Local Application-oriented Universities under the Background of RCEP,” Strait Science and Technology & Industry, vol. 35, no. 12, pp. 24-28, 2022, doi: 10.3969/j.issn.1006-3013.2022.12.006.
Z. Wang, Y. Geng, P. Xie, and K. Peng, “Digital leadership and the development of firms’ cross-border E-commerce,” International Review of Economics & Finance, vol. 106, Art. no. 104857, 2026, doi: 10.1016/j.iref.2025.104857.
F. Li, Y. Bao, and X. Hu, “Research on the Mechanism of RCEP Promoting the Integration of Cross-border E-commerce Industrial Chain and Supply Chain,” Business Economics Research, no. 17, pp. 158-163, 2022, doi: 10.3969/j.issn.1002-5863.2022.17.041.
S. Liu and Q. Jin, “Five Questions on the Impact of RCEP Signing and Tariff Changes,” China Customs, no. 1, p. 1, 2021.
K. Liu, “Key Points for the High-quality Development of Cross-border E-commerce,” Service Outsourcing, no. 12, pp. 68-70, 2024.