The Credit Risk Research On Supply Chain Financing Of Small-Medium Agricultural Products Enterprises

Agriculture is the foundation of national economy, which is regarded as the theme from 2004 to 2014 central document issued for eleven consecutive years. Small and medium-sized enterprises of agricultural products,which take the largest number, the most active subject in the agricultural economy, make the contributions to enhancing the overall level of agricultural industrialization, increasing employment and income of farmers and promoting the integration of urban and rural construction. With the sustained and rapid development of China’s economy, people pay more attention to the nutrition and health, quality and safety of products, diversification and individuation. To meet constantly changing needs of the market, the enterprise production technology should be innovative and the mode of production should be changed. Small and medium-sized enterprises for agricultural products have more and more financing needs. However, due to the lack of fixed assets as collateral, the imperfect credit guarantee system, the lack of standardization in small and medium-sized enterprise management and information asymmetry and other reasons, small and medium enterprises are difficult to obtain financial support from banks and other formal channels, so the problem of financing has been a bottleneck in their development.Supply Chain Finance(Supply Chain Finance) provides a good solution to this problem. This financing model has broken mode of only thinking single enterprise static credit, it consists of the entire supply chain, logistics, capital flow, information flow together, controling the whole supply chain risk around the core enterprise in order to support small and medium enterprises in the credit. Since Shenzhen Development Bank made the implement of the Supply chain finance business of the "1+N" mode in 2006,,major banks have also launched various forms of supply chain finance business all over the world, which is praised by more and more small and medium-sized enterprises. However, because the financial supply chain has changed the way of bank credit, the "1+N" mode credit evaluation system of commercial banks is no longer applicable to the supply chain finance business. On the one hand, the traditional credit evaluation method made the small and medium sized enterprises step back in the face of the harsh conditions of bank loans. On the other hand, it also hindered the development of commercial bank supply chain finance business. Therefore, financing credit risk research for small and medium-sized enterprises in the supply chain of agricultural products has an important significance to promote the implementation of agricultural products chainfinance in small and medium-sized enterprises of supply, to ease the financing difficulties of small and medium-sized enterprises of agricultural products and to promote the development of agricultural economy.This article conducted the research on credit risk in agricultural products supply chain financing, the main content is divided into the following several aspects: first, it introducted the financing difficulties of small and medium-sized enterprises and determined the research method of this paper on the basis of the research status at home and abroad; secondly, it conducted the related chapter theory including the related theory of supply chain finance and credit risk assessment methods commonly used in small and medium sized enterprises; thirdly, it investigated 75 loaned agricultural enterprises in 2014,collecting relevant data of enterprises, and made the factor analysis; finally, according to the results of factor analysis, combining with the actual, it proposed the supply chain financing credit risk management strategies of every subjects, to provide some reference for promoting the credit risk manage development of small and medium-sized enterprises of agricultural products supply chain finance.