Supply Chain Financing In The Application Of International Trade

With the deepening of China’s economic reform and increased openness, in2007,2008, China’s foreign trade volume reached21737.3,25632.6billion U.S. dollars, an increase of23.5%,17.9%;2009, China’s total foreign trade volume of2.2073trillion U.S. dollars, down13.9%, has decreased, mainly due to the global financial crisis. The import and export trade were tested around the world decline, but even so, China in2009to overtake Germany as World exports of "Champion." China’s foreign trade that made these brilliant achievements would have been impossible without the import and export of SMEs’great contributions. Both developed and developing countries, SMEs have become the national economic performance in an important and indispensable component of all development and stability as the important role a country’s economy. At present, SMEs in promoting economic growth, increased employment, technological innovation, promote social stability have played an irreplaceable role, however, accounting for99%of the total number of enterprises over SMEs, of which16.7%is mainly engaged in international trade or ability to import and export, accounting for69%of the total national imports and exports. But now the survival of SMEs in the domestic import and export are facing enormous challenges and difficulties, financial constraints are always a major bottleneck in its growth.80%lack of funds for this purpose led to the bankruptcy of countless small and medium enterprises. From the financial crisis can be seen, due to sluggish foreign markets, import and export of SMEs do not make a lot of orders for long-term uncollectible accounts receivable, prepayments of the problems facing a serious lack of liquidity, but access to Bank loans are also very difficult circumstances, resulting in many import and export of small and medium enterprises to close down the coast. Therefore, an effective financing to solve the difficult problem of SME financing imports and exports, after years of practice shows that innovative financing products-supply chain financing, it is an effective way to solve this problem. Concept of supply chain financing provides a new way of thinking, it jumped out of the traditional limitations of a single enterprise, emphasizing the real business background single trade-led enterprise and supply chain level of strength and credit standing of the global supply chain and high, banks the provision of financial services, both to avoid the long-standing presence in the troubled SMEs, but also extends the depth of commercial banking services. Currently, the use of supply chain financing model to solve difficulties in financing the import and export of small and medium enterprises is still very small, therefore, the author of the existing literature, inspired by the hope that through a combination of international trade finance for import and export of the main methods and financing needs of SMEs features, revealed in the international trade supply chain finance application business processes, supply chain finance application in the field of international trade to find an effective way.This article is divided into six sections were analyzed. The first part is the introduction, an overview of writing this article the background and significance of the small and medium enterprises, international trade finance, supply chain, defining the concept of financing, to illustrate the main research content and research methods, the existing home and abroad reviewed the literature and research review are that the supply chain financing solutions to SME financing is an effective way.The second part of our import and export of small and medium enterprises development, financing status of the research and analysis, and concluded that they still face severe financing problems, but also difficult to obtain import and export financing for SMEs the serious consequences of the introduced, with the current situation, a brief analysis of the reasons causing difficulties in financing small and medium enterprises, mainly because they lack the security measures, financing, high interest rates, the approval process is too long, credit relations between banks and enterprises has not been established, etc.; but also on the supply chain financing introduces the application of the present situation, the relevant survey, supply chain finance company has been widely recognized and accepted, and has been a considerable number of companies are using supply chain financing options, there are still some companies are prepared to study the use of supply chain financing options; other Most companies are willing to cooperate with the supply chain financing options, because they considered that the scheme can reduce transaction costs and increase the overall supply chain benefits the entire supply chain to improve competitiveness, but unwilling to cooperate with companies financing the supply chain, because They believe that the financing will increase its own supply chain risk, responsibility, workload and so on.The third, fourth, fifth part is the focus of this writing. The third period to finance some of the major criteria for the classification of international trade on our existing way of financing the main brief introduction, the last under international trade finance and import and export of SMEs operating characteristic analysis for import and export of small and medium enterprises in China international trade financing, financing for the following comparison with the supply chain pave the way. The fourth part of the first model of supply chain financing to establish the value of the theoretical analysis of the supply chain for the following further analysis of the financing to do theoretical groundwork; then introduced in the main supply chain financing, characteristics and three basic financing model the pledge of accounts receivable financing model, confirming warehouse financing models, financing models storehouse; and business processes according to the characteristics of international trade, supply chain financing in international trade business in the time of the process, the business process to do a detailed analysis, for the fifth part of the comparative analysis of good bedding. Part V will apply to international trade, import and export financing for SMEs was general comparative analysis of supply chain financing and then come to international trade financing and other advantages of comparison, and their complementarity; Finally, a the case in the practical business of supply chain financing to analyze the application of specific, in order to better reveal the advantages of supply chain financing, SME financing to address the plight of import and export of an effective way.Article VI, is the last part of the financing of expansion of supply chain applications in the field of international trade, the main obstacles, and propose policy recommendations, mainly from the three levels of barriers and corresponding policy recommendations that from banks, enterprises, three levels of government to proceed. Innovation of this paper are:(1) applied to the supply chain of international trade finance business, to address the increase of import and export of SME financing an effective way;(2) the establishment of theoretical models, the value of the supply chain financing provides a theoretical basis;(3) combined features of international trade and other business processes, the main way of international trade finance and supply chain financing to the advantage and Complementarity.