Research On Credit Risk Assessment And Control Of Supply Chain Finance In Steel Industry

Recently,supply chain finance has attracted more and more attention from the market,China's major commercial banks have successively carried out supply chain finance related businesses.One reason is due to the strong support of the policy.In the document just released by the government on the development of supply chain innovation,it has been clearly proposed that the development of supply chain finance is one of the six tasks.On the other hand,it is due to the urgent demand of the market.In China's market,SMEs account for nearly 90%,and account for a large proportion of employment and tax contributions.Therefore,stimulating the vitality of SMEs,support the development of SMEs is a top priority t to promote the development of the national economy and stabilize the employment of residents.From the perspective of economics,smes in China are generally small in scale,weak in operation capacity and poor in anti-risk ability.Financial institutions' aversion to risk makes credit funds more inclined to large blue-chip companies.Therefore,the financing difficulties and expensive financing problems of SMEs are still outstanding.Supply chain finance has broken through the original financing model,by providing credit to the entire supply chain increase credit and provide financing services to SMEs.Effectively alleviated this situation.However,since the development of supply chain finance,many credit risk events have occurred while excellent achievements have been made.Therefore,an effective supply chain financial credit risk assessment and control system can effectively reduce the probability of risk occurrence and the degree of lossThe steel industry is currently one of the most widely used industries in supply chain finance.Due to its clear upstream and downstream industries,perfect market system,product specifications and other characteristics,it is an ideal object for researching supply chain finance.In addition,the steel industry is currently facing overcapacity and industrial transformation,which requires financial support,especially for SMEs in the steel industry.Through the research of previous achievements,this article selected the relevant data of 29 small and medium-sized enterprises in the steel industry for 3 consecutive years,and established a 25-dimensional evaluation index system with a wider dimension through a qualitative method.Subsequently,quantitative methods such as principal component analysis were used to screen and optimize the data,and an equation model based on binary logistic regression was established.The model has a good prediction effect on the compliance of financing companies in the supply chain financial business,and this effect has been verified by empirical analysis.Finally,the article proposes policies for the control of supply chain finance to guide the steady development of supply chain finance;Finally,the article proposes policies for the control of supply chain finance to guide the steady development of supply chain finance;The construction of the social credit system plays a role;financing companies regulate their financial status,improve the level of information disclosure,and establish emergency mechanisms;financial service providers select appropriate risk assessment models,and do monitoring and management separately before,during,and after lending;core companies establish information Platform to reduce guarantee risks and improve the competitiveness of the supply chain;logistics companies do a good job of internal control and clarify specific recommendations such as transfer of property rights.Figure[6]table[11]reference[66]...