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

SMEs as an important component of our national economy,plays an irreplaceable role in increasing economic growth and improving innovative technologies,but due to their small size,large risks and the existing problems in the financial system,SMEs are generally facing with financial difficulties.In the new normal,as a new phenomenon of development,development of SMEs will change Chinese economy driving mode,and promote Chinese economic and social into a new era.However,rather than the importance of presenting a sharp contrast it is the “financing difficulty” and “financing expensive” problem is more prominent,seriously hampered its development.At present,the proportion of SMEs in China in assets,accounts receivable accounted for 60%,it plays a major significance on the growth of SMEs that how to make an inventory of accounts receivable and speed up the flow of working capital;Supply Chain Finance can help enterprises to obtain finance through the transfer of accounts receivable to improve SMEs financing capacity,providing a steady stream of funding.Firstly,this paper analyzes the importance of SMEs in China and combined with the existence of a large number of accounts receivable and financing present situation,and studied the negative impact of financing difficulties.Secondly,the article analyzes the economics connotation of the financing difficulties,and points out the insufficiency of traditional accounts receivable financing and supply chain financial in solving the defects of the traditional financing has its own advantages.Using the game theory,builds the accounts receivable financing model of the supply chain game model,analysis of the revenue function and action strategies of each of participants,in order to study the advantages and feasibility of supply chain financing model to improve the efficiency of financing and reduce financing costs and risks and other aspects.As long as corporate defaults punishment and because long-term supply chain,success brings income after financing is large enough,you can achieve a balanced game.Therefore,from a long-term perspective,in order to seek their own development of SMEs will seize the opportunity to work with the core business,and to continue to receive benefits from the good functioning of the supply chain,and enhance their own competitiveness.Finally,the full text summarized,pointing out the core enterprise,SMEs,banks,and governments should be better and more effective application of supply chain finance,to resolve the difficulties faced by accounts receivable financing at present,and thus more conducive to resolving the minority corporate financing problems;and give some policy suggestions for accelerating investment and financing system can be healthy and effective development of certain practical significance.