Research On Financing Services Based On Supply Chain Finance

In order to meet the funding needs of supply chain production organization,Supply chain finance uses the credit model of self-reimbursed trade financing to carry out pricing and market trading activities for funds and related services,and the supply chain financing services is the most important and widely used activity.Since the birth of supply chain finance,it has played a huge role in helping the real economy and solving the financing problems of small,medium and micro enterprises.Since the Shenzhen Development Bank officially launched supply chain finance in 2006,supply chain finance has experienced three development eras and has derived four major financing models: receivable financing,prepayment financing,inventory financing,and credit financing.With the continuous development and integration of Alibaba-based finance,Alibaba's supply chain finance has also experienced three phases: “bank-enterprise cooperation”,“Ali Microfinance” and “Ant Financial”.In the year of 2017,"Ants Financial " was listed as a benchmark for China's physical supply chain financial companies in the supply chain finance research report of Forward-looking Research Institute,,so as “Ali Microfinance” in the year of 2014.This paper conducts an longitudinal case study and focuses on analyzing the current status of Ants Financial network bank in the supply chain finance field,and specifically analyzes the application in MSMEs of the agricultural product supply chain financing model,the rookie chain financing model,and the Onetouch supply chain..At this stage,Ant Financial Network Bank implemented the platform opening strategy,and combined with the internal and external forces of Ali ecosystem to expand the scale of financing services,and launched a more diversified financing products,and continued to extend financing services to the offline companies in the offline supply chain..Relying on the support of financial science and technology,it has established an efficient risk control system and a simple credit process,which has provided strong financial support for small and medium-sized micro enterprises in various nodes of the supply chain.It has become an important part of supply chain management and promoted the development of Ali Electronics Business.Ant Financial has demonstrated its absolute advantages in the construction of business operations capabilities and information systems.It is the place that worth to be emulated.However,we also found some issues that need to be paid attention: Ant Financial's supply chain financing services are mostly limited to Ali system,expensive financing,liquidity risk,information authenticity issues.For these issues,the article gives suggestions for deepening cooperation among all parties and promoting the application of blockchain technology.Based on the above analysis,the paper gives a advice that using assets securitization to make funds available.Above all,we analyze the operation of the supply chain finance,hoping to promote the development of supply chain finance and provide better services for the MSMEs.