The Research On Application Of Supply Chain Finance In Commercial Bank Credit For SMEs

in the post-financial crisis period, SMEs has played an increasingly important role in ensuring economic stability, promoting employment and stimulating domestic demand. As of the end of September 2009,SMEs create the ultimate value of GDP of 60%, amount of state tax revenue is about 50% of the total, and provides nearly 80% of urban jobs. However, due to the credit guarantee system is not perfect, business itself is not standardized, and the asymmetric information between enterprises and financial institutions, the financing difficulties of SMEs is not resolved. Supply chain finance share the risk of SME financing among the multiple participants, and provide financial services for SMEs. From the perspective of national competitiveness, supply chain finance can reduce overall financing costs on the industry chain to ease the SMEs' financial pressure, enhance innovation capability of the enterprises on the supply chain, and change the lack of supply chain management capabilities of SMEs, thereby help accelerate the pace of industrial upgrading and enhance the country's international competitiveness. As for commercial banks, supply chain finance makes the full use of the supply chain generated during the production of movable property or rights as collateral, extends the good credit of the core business to the upstream and downstream of the supply chain. It not only reduces commercial banks own credit risk, but also opens up the potential of SMEs in this niche market.This paper starting on sorting out the historical data,studies the application of the supply chain finance in commercial banks credit for SMEs, followed the logical sequence from the theory to the reality. It analyzes the supply chain financial services based on general perspective and reality in China two main lines, emphasis on the contrast between character and individuality of the, and focus on internal analysis to make the article more theoretical and practical. In the generic analysis, the article analysis of the content and specific model of supply chain finance, and uses agent theory and transaction cost theory to explain the supply chain finance from an economic point of view, and then explains the necessity of the use of supply chain finance into SMEs financing. In the individual analysis, the article seeks to close to the actual situation, put forward the differences between domestic and international. On one hand, through the game model proves the applications that supply chain finance in commercial banks for SMEs financing, on the other hand, show the supply chain finance is practical, from the Chinese commercial banks, SMEs, their core business and supply chain four perspectives. Then combined with practical case studies, draw conclusions:supply chain finance allows commercial banks and other financial institutions with the core business credit, real cash flow of trade behavior and the supervision of third party logistics, reduce the risk of providing credit to SMEs and becomes effective way to solve the financing difficulties of SMEs. It provides a favorable opportunity for commercial banks to develop financial markets and business lines. Finally, based on the foregoing analysis, gives policy recommendations for our commercial bank in the use of supply chain finance from our institutional environment, technical environment and business development at three levels.