The Research Of Supply Chain Finance Based On The Financing Of SMEs

Small and medium-sized enterprises have played an important role in national economy, but difficulties in financing, which haven’t been solved effectually, still restrict the development of these enterprises seriously. In this context, Supply Chain Finance emerges as the times require. Directing at small and medium-sized enterprises in a weak position, Supply Chain Finance is a new financing mode designed by commercial bank. Through the cooperation between financial capital and real economy, Supply Chain Finance could integrate fund flows into Supply Chain management effectively. More attention is paid to the integration of logistics, information flow, and fund flow in supply chain. And with the help of the core enterprises in supply chain, it offers financial support to small and medium-sized enterprises. Small and medium-sized enterprises financing through Supply Chain Finance could weaken the information asymmetry between banks and enterprises, and solve the problem of bank credit caused by the lack of credibility and the mortgage real estate. Commercial banks, making use of this business, could improve their competitiveness and develop the new profit growth opportunities. With the help of this business, third-party logistics could extend warehouse logistics services to the whole supply chain, and the business space could be developed greatly. Thus, the win-win situation comes into being. All participants could benefit from Supply Chain Finance. Therefore, it is necessary to make a systematical research on the theories about Supply Chain Finance. This paper aims to reveal the advantage of Supply Chain Finance in improving the financing difficulties in our small and medium-sized enterprises.This paper is divided into four parts. The first part, including chapter one and chapter two, mainly review the theories and researches on Supply Chain Finance, including its definition and features and so on. In this part, Supply Chain Finance is compared with the traditional financing mode to show its unique advantages in disposing financing difficulties that small and medium-sized enterprises could meet. And its advantages are demonstrated by building Cooperative Game Mode which is made up of supply chain finance participants. The second part is chapter three, which analyses the fundamental types of Supply Chain Finance and their operating mechanisms. The third part is chapter four. This part introduces general principles and concrete measures of risk control to commercial banks when they face with the risks that appear in the supply chain finance business. Chapter five is the last part. It looks at the problems of Supply Chain Finance in our country, and some countermeasures are suggested to promote the development of Supply Chain Finance.