Research Of Our SMEs New Financing Model

SMEs are very important impelling force in Nation Economy. They play pivotal role in absorbing labor force and impelling advance in technology. But currently in China for many reasons more than 80% of SMEs are meeting difficulty in financing. At present it is very urgent that we need help them to get out of financing difficulty and have them developed. Currently in our country, in the view of the difficulties in financing business, we always focused on speeding up the credit guarantee system, setting up for the small and medium-sized financial institutions, etc. However, considering the development of current domestic financial market, it would take a long time to solve the difficult problems of financing business for SMEs. Therefore, it is the practical actions to invent the new financial business for SMEs, innovate and design the financial products and financing plans to alleviate the plight of financing in SMEs.From the analysis of the difficulty which our SMEs are meeting, and the limitation of current financing models, we pointed three problems of the way of credit, financing targets, the relationship of bank- Company in the model of traditional financing. We constituted a special mechanism to share the financing risks for SMEs by looking for a number of participator of stakeholders. The effective way to achieve the above idea is supply chain financial models which are passed through commercial banks and cooperative relations of the credit of large enterprises, or assured purchase order between them. In the 3rd portion of the paper, we introduced and analyzed the concept, characteristic and operation pattern of three main supply chain financing models. And made comparison of three main models. In the end, for consideration of enlarging financing scope, raising the financing efficiency and reducing financing risk, we set up a new account receivable financing model based on idea of win-win,"N+1+N". From case analysis, we pointed out its superiority.On the based of the theoretical research and case studies, the paper provides a brief comment that the effective method to solve the difficult of financing is further developing and improving the supply chain financial services.