Research On Financial Risk Management Of The Internet Supply Chain Financial Mode

February 2016,the people's bank of China,development and reform commission,ministry of industry and other eight ministries jointly issued on the financial support for industrial stability and stability of the transfer of a number of views.Which specifically referred to "vigorously develop the financing of accounts receivable" and "to promote more supply chain to join the receivables pledge financing service platform" and so on.In recent years,driven by the release of national policy and the "Internet +" wave,the rapid development of internet supply chain finance can not only solve the financing problems of small and medium-sized enterprises,but also its rapid growth in market demand for enterprises new business opportunities.More and more enterprises in order to comply with market demand and carry out the internet supply chain financial model on the road to explore,however,the internet supply chain finance in China's development time is not long and the less accumulated experience.What kind of financial risks do companies face when developing internet supply chain finance? How to take effective measures to manage these financial risks? This paper standing in the enterprise to carry out the internet supply chain financial model perspective,tries to find out the causes and solutions of the problem by studying the financial risk management of the company,taking the RongYixing small loan company as an example.At present,China's enterprises often set up a small loan company to the supply chain needs of small and medium enterprises to provide internet supply chain financial services.RongYixing is a small loan company established by Tempus Global to develop the internet supply chain financial model.Its establishment time is earlier,and some experience has been accumulated in financial risk management for reference by other companies.This paper analyzes the financial risk management of the internet supply chain financial model in the actual operation,which is embodied in the three aspects of raise capital,investment and fund recovery.In the course of the research,this paper analyzes the financial risk management of the case company in three aspects: raise capital,investment and fund recovery by the idea of financial risk management program.In terms of raise capital risk management,five ways of raise capital the existing internal and external channels are summarized,namely,enterprise own funds,bond financing,bank loan,interbank lending and P2 P platform.The five raise capital methods in the analysis of investment risk management;the financing of the internet supply chain is mainly to the supply chain with the financial needs of small and medium enterprises loans,therefore,this paper through the analysis of the financing of the regional concentration of loans,industry concentration and customer concentration and loan customer repayment ability to analyze its investment risk management;in terms of fund recovery risk management,the first analysis of the bank's non-performing loan ratio and overdue loan rate,then the credit collection strategy and the management of the credit risk of the loan customers of the two main factors affecting the recovery of funds were analyzed.This article through the study of the case company that the establishment of small loan companies to carry out the Internet supply chain financial model advantage is reflected in: take the internal credit and external credit combination to improve the credit risk control ability;establish an online early warning monitoring system combined with offline verification;effective use of the advantages of the Internet platform.The shortcomings are reflected in the fact that the company's own financial requirements are high,the financing channels are limited and the financing costs are high,the scale of the business is limited;easy to form the loan industry and the concentration of high concentration of loans;loan collection efficiency is low and the higher cost of collection.Finally,this paper puts forward the corresponding countermeasures and suggestions on the shortcomings of financial risk management: in the aspect of raise capital risk management,first,it is necessary to seeking diversified ways of financing,the second is through the securitization of credit assets to optimize its financing structure;in the investment risk management,first,set up another small loan company,the second is continue to improve the investment risk control system;in terms of capital recovery risk management,first,the use of large data technology to enhance the efficiency of loan collection management,the second is to strengthen the management of overdue customers.