The Research On The Credit Risk Evaluation Of Smes Based On Supply Chain Finance

The development of small and medium-sized enterprises(SMEs) has gradually become the main driving force in each country. SMEs not only make a prominent contribution for the country’s economy, but also create a lot of employment opportunities. Thus, the growth of SMEs is the basis of social harmony and stability. Despite the important role of SMEs for economic and social development has been affirmed. The SMEs are still facing a lot of serious difficulties, and the most prominent problem is the financing problems. Our country also attaches great importance to the development of SMEs, and proposes a series of innovative financial services to resolve SME financing difficulties. With the credit guarantee and information advantage of the core enterprise, cash flow is coordinated and integrated by supply chain finance. Supply chain finance not only can effectively alleviate the current financing difficulties faced by SMEs, but also to expand a new business space for banks. However, due to the supply chain finance business is carried out in our country for not a long time, so and many problems are exposed during the operation of the business. The credit risk management of SMEs in supply chain financing model is a key factor for the success of supply chain finance services. This paper will conduct in-depth research on the issue.First of all, the financing current situation faced by SMEs and the causes of financing difficulties were analyzed, and find out that the information asymmetry between banks and SMEs is the direct cause of SMEs’ financing difficulties. Then the concepts of SMEs in supply chain finance are defined and the characteristics of its credit risk are summarized.Secondly, how to build SME credit risk assessment system based on supply chain financing is discussed. Based on combing the literature and field research, the credit risk assessment index system for SMEs is established, then the advantages and disadvantages of various types of credit risk evaluation methods are compared and analyzed, a complete set of credit assessment processes is formed eventually.Finally, suggestions and measures are proposed to deal with the problems of the credit risk management and control.