Research On The Application Of Supply Chain Finance In Financing Of Small And Medium Enterprises

Under the global economic downturn and the shrinking of bank credit,the problem of financing for SMEs is becoming one of the hot issues in current research and the biggest pain point of economic development.The financing of SMEs is not only a hot issue in China but also a difficult one in the world.Money is the blood of business operations,is the lifeblood of business development,not enough funds will affect the growth of SMEs.Given the large number of SMEs in China and their upward trend every year,SMEs play an important role in the national economy and play an increasingly important role in the economic and social development Prominent,is the driving force of China's economic growth,social stability.As the economy develops,the demand for financing for SMEs is also growing.Due to the imperfect financial market in China and the imperfect credit system,the problem of information asymmetry between banks and SMEs has always existed.Moral hazard and adverse selection have made banks more and more vulnerable to small and medium-The prohibition of corporate loans,external financing difficulties,high financing costs and large financing risks have constrained the development of SMEs.With the 2001 Shenzhen Development Bank in China to carry out supply chain financing business,opened the prelude to China's supply chain finance.Supply chain finance has great market potential and has become a positive and effective model for improving the financing difficulty of SMEs.It not only meets the requirements of China's economic development,but also reduces the risks of financial institutions and changes the single enterprise of financial institutions such as banks The main credit model.Supply chain finance based on the real trade background,the bank credit into the upper and lower reaches of SMEs,with the advantages of large enterprises to make up for SMEs lack of credit,SMEs to improve the credit level to meet the financing needs of SMEs,At the same time optimize the allocation of resources on the supply chain,enhance the competitiveness of the entire supply chain.With the rapid development of information technology,logistics and science and technology,supply chain finance has shown greater advantages in the context of the Internet.From the offline to the online migration and development,it can make up for the shortage of traditional supply chain finance and promote the supply chain Of all participants can make full use of their own advantages in cooperation on the supply chain platform,making the supply chain finance participants,service targets,sources of funds,financial products more and more diverse.With its advantages,online supply chain finance can effectively reduce the financing risk in the supply chain,reduce financing costs and raise financing efficiency.This paper takes the settlement of financing difficulties of SMEs as a starting point,elaborates the background and related theories of supply chain finance,discusses the opportunities,advantages,roles,and problems of SME financing for supply chain financing,and analyzes the innovation of supply chain financing model under Internet finance.And credit rating system innovation.Finally,some relevant issues are proposed to promote the healthy development of supply chain financing.The emergence and development of supply chain finance,combined with Internet information technology,is applied in the entire supply chain.This new financing model not only solves the financing difficulties of SMEs,but also promotes the all-round development of the industry chain.Therefore,under the background of comprehensively promoting supply-side reform and developing inclusive finance in our country,it is of great practical significance to study the application of supply chain finance in the financing of SMEs.