The Procedure Design And Risk Management Of Logistics Financial Services In Penavico Tianjin

Since China's accession to WTO, the logistics industry has been developing rapidly, as is seen in the constantly increasing number of the logistics enterprises. The traditional pattern of logistics is broken and its marketization is prompted, thus intensifying the market competition. Under this circumstance, the transformation of traditional logistics to modern one is required, forcing logistics enterprises to practice service innovation by extending its service to logistics financial services to provide more value-added services. More importantly, through the development of logistics financial services, enterprises not only consolidate relationship with former clients, but develop new partnerships, making financial logistics a new growth point in both businesses and profits. Furthermore, the service and management of the enterprises are greatly improved and their leading capacity in the supply chain is enhanced, which is conducive to the formation of market competitive advantages for these logistics enterprises.This thesis first analyzes the current state and future development of PENAVICO Tianjin, and introduces the concept of logistics finance and the three subject entities involved in it:logistics enterprises, customers and financial institutions. The enterprises and the financial institutions work together to provide financing for customers. Then the paper describes the contents and components of logistics finance and examines its developmental situations at home and abroad as well as the background of its emergence, that is, the emergence of logistics finance is the common need of the third-part logistics enterprises, financial institutions and the small and medium-sized enterprises. In the following, the author focuses on several currently popular logistics financial businesses in China and makes a detailed analysis of their business procedures.The third part of the thesis attempts to design an operational procedure for logistics finances of PENAVICO Tianjin. And by analyzing the risks and their causes, the author proposes a project for risk prevention and control, and thus establishes a risk-appraisal model and an emergency control plan.