Research On Scf Finance Of Smes Based On Credit Insurance

Small and medium-sized enterprises play an important role for economic development.Promoting the development of SMEs is benefit for the adjustment of our economic structure,increasing employment opportunities,revenue exports.Small and medium-sized enterprises have already become an important driving force of economic growth in China.The problem of financing is the biggest bottleneck facing the development of small and medium-sized enterprises in the supply chain financial model is relatively single,and the pricing and risk are too high,as a result,SCF can't match the current financing needs of small and medium enterprises.This paper attempts to introduce credit insurance to solve the financing bottleneck of small and medium-sized enterprises,relying on the development of small and medium enterprises credit insurance to solve the financing bottleneck,provides a new way to solve the financing difficulties of SMEs.First of all,the paper analyzes the current situation of the financing needs of SMEs.Because of its small size and short development history,small and medium-sized enterprises which in the supply chain,often forced to use credit pay,that makes the small and medium-sized enterprises have a strong financing demand.Due to their different role and the different importance in the supply chain,especially small and medium-sized enterprises in the extensive use of credit settlement,the repayment ability of small and medium-sized enterprises largely influenced by upstream and downstream enterprises,the financing needs of the increasingly complex.In the analysis of the existing financial products supply chain,we found that the financial mode of the existing supply chain are relatively fixed and the price is too high.SCF can't effectively reduce the risk of financing in small and medium enterprises,so the existing supply chain finance can't meet the needs of small and medium sized enterprises financing.Secondly,we introduced the credit insurance concept,main function,and then through the analysis of the insurance market in recent years and the amount of the payment of premium income data show that credit insurance market is far from saturated,has great prospects.The credit insurance support retailer financing mode and supplier mode,analyzes the mode of supply chain financing credit insurance based on role in strengthening small and medium enterprises to external impact resistance ability,financing ability,industry competitiveness,and reduce the risk of small and medium enterprises and banks to expand the business scope of banks and insurance companies.At the same time,it analyzes the shortcomings of the existing models in the formulation of premium,coverage of premiums and so on.Through the analysis,we can find that the supply chain finance based on credit insurance is an effective way to solve the financing difficulties of SMEs.Then,this paper analyzes the case of X,an auto parts company,which is based on credit insurance financing.X company because of its own way of settlement and the characteristics of its own business,using the traditional financing program is difficult to get financing support.The credit insurance financing scheme based on the upstream and downstream,the credit risk has been effectively controlled,at the same time due to the addition of the insurance companies,banks and enterprises also improve the ability to control risk,the financing problems of X company are resolved.Finally,the conclusion of this chapter is given and the prospect is put forward.In the current market,the supply chain finance model based on credit insurance can solve the financing difficulties of small and medium-sized enterprises.But the market situation in China is complicated,and with the further promotion of supply chain financing,the market situation is more changeable,so the supply chain financing can't stick to a single form,must according to the financing of their own enterprises in different situations,and flexible combination,to develop the most suitable characteristics of the company's business.