Research On The Financing Of Small And Medium-sized Enterprises Based On The Financial And Logistics Integrated Product

The flourishing development of small and medium-sized enterprises has already become the key factor to push China's economy, however in the reasons such as incline of the state policies, self-scale and etc., the development of small and medium-sized enterprises runs into such a great deal of bottlenecks as talent, technology, capital ,and so on. Capital, especially become the hot issue, which limits small and medium-sized enterprises to grow larger, thereby restrict China's national industry grow larger and more powerful. Banks, as one of the important sources of the capital of small and medium-sized enterprises, are facing the pressure from innovation of financial products. Either self-development or carefulness of risk promotes banks to innovate in order to meet the demand.The proposition and practicing of the financial and logistics integrated products, can not merely solve the financing dilemma of small and medium-sized enterprises, but also meet the requirement of banks to develop through the systematic ways of risk (?)ontrol.Enterprises in need of financing, own a lot of current assets, such as account receivable, raw materials, finished products. They, with the promise or keep from intermediary enterprises, win the loan by impawning the current assets to the banks. This kind of loan products which face the current assets is called the financial and logistics integrated products. Financial and logistics integrated products combine the newest achievements of finance and logistics theory or practice. Through analysis of assets structure for small and medium-sized enterprises, financial and logistics integrated products vitalize small and medium-sized enterprises creatively, thus create a new route to solve the financing problems of small and medium-sized enterprises.In the practice of both domestic and foreign banking business, there are some similar scattered businesses. However literatures home and abroad haven't systematically made theoretic explanations on this type of products. Based on the practice of the China Construction Bank and the concrete case, this article describes the characteristic, system and risk control of this product. Finally this article provide some innovative solutions in other related fields and industries.The innovative points of this article lies in :1. Finance combines with logistics theory so that we could solve the financial problem;2. How do financial and logistics integrated products solve the financing of small and medium-sized enterprises;3. Combining the case, this article describes the systematic theory of the financial and logistics integrated products;4. Analysis on the risk and control the system of logistics integrated products.