Supply Chain Finance And Its Risk Research

The development of medium-sized and small enterprises promotes the economicdevelopment, creates numbers of employment opportunities, and can adjust and optimizethe industrial structure. But because of Chinese financial development supporting system isnot perfect and medium-sized and small enterprises’ constraint and disadvantagethemselves in the supply chain, medium-sized and small enterprises have encounteredmany obstacles in the process of development, including financing difficulties as one ofbottlenecks of constraining their development, so it’s difficult to obtain financing in thetraditional credit mode. With the impact of continuous raising the reserve ratio requirementfor twelve times and interest rate for five times by the central bank from January2010, theproblem of capital chain of medium-sized and small enterprises became more prominent.Along with the enterprise management extended to supply chain management phase,research and practice of enterprise financial activities also extended throughout the supplychain optimization from concern the financial optimization of the single point and part,paying more attention to integration of logistics, information flow and cash flow in thesupply chain. At the same time, because homogeneity competition of domestic banks isquite serious, commercial bank should depth excavation customer needs, ongoing financialproduct innovation to achieve the core competitive power in the fierce market competition.Supply chain finance is new financial products designed by commercial bank to meetfinancing demand of medium-sized and small enterprises which are vulnerable in thesupply chain, it can not only effectively eliminate information asymmetry between banksand enterprises, effectively solve the difficult problems of that medium-sized and smallenterprises can’t get bank credit support due to insufficient mortgage, also help to improvethe core competitive power of the commercial banks, and bring new profit growth point tocommercial banks and the third party logistics enterprises.This paper based on making full use of the supply chain management theory, creditrationing theory, information asymmetry theory, transaction cost theory, combined with theexisting research results and Chinese medium-sized and small enterprises financingpractice experiences and commercial bank supply chain financial business practiceexperiences, By using qualitative analysis combining with quantitative analysis method,continue to explore, research and improve the theoretical basis of supply chain financial,the role and innovation mode of solving financing difficulty of medium-sized and smallenterprises, and risk analysis, and evaluate and measure the credit risk in supply chainfinancial by establishing reasonable supply chain financial credit risk evaluation index system and Logistic model. Put forward development synthesis credit for medium-sizedand small enterprises based on the supply chain, and turning the risk management of theindividual enterprise into the risk management of the whole supply chain.More and more commercial banks began to put supply chain finance as importantbusiness growth as into the supply chain financial market. Looking to the future, supplychain financial will have huge development space. Therefore, research of supply chainfinancial and its risk has important theoretical and practical significance.