Research On The Supply Chain Finance Of Foreign Trade Comprehensive Service Enterprise

With the financial crisis,the global economy is down,International buyers facing enormous inventory pressure began to adopt the “small quantity,short cycle” procurement method.And by increasing the frequency of procurement,to reduce storage costs and reduce inventory pressure.The small and medium-sized foreign trade-oriented enterprises have gradually won the favor of international buyers because of their small-scale production capacity,short production cycle,and the characteristics that can satisfy individualized production.However,in the process of the development of small and medium-sized foreign trade-oriented enterprises,due to the lack of risk factors such as the lack of modern management systems,opaque financial management,and unsound internal controls,it is difficult for companies to obtain necessary loans from banks or other financial institutions.The small and medium-sized foreign trade enterprises themselves are small in scale and cannot raise funds on their own.Therefore,the loans provided by banks or other financial institutions are the main means of financing for small and medium-sized foreign trade-oriented enterprises.The issue of financing difficulties for small and medium-sized foreign trade-oriented enterprises has also become one of the factors that hinder the development.As one of the three carriages of China's economic development,foreign trade occupies an important position in the country ' s economic development.In order to promote the development of foreign trade,since 2013,China has established a number of free trade zones in the coastal areas,and at the same time,through the promulgation of foreign trade“National Six Articles,” it has first proposed and defined the “integrated foreign trade services”around the small and medium-sized foreign trade-oriented enterprises provide new services for foreign trade services.Comprehensive foreign trade services can provide“ one-stop ” import and export trade services for small and medium-sized foreign trade-oriented enterprises,solving the problems of that because of their small scale,lack of professional foreign trade personnel,and lack of experience in import and export trade.The supply chain financial services provided by foreign trade comprehensive service companies are integrated with the resources in the supply chain,and in the form of “group purchase”.They receive unified credit from banks and other financial institutions,obtain corresponding loans,and then re-allocate them to the corresponding customer from foreign trade comprehensive service companies.It meets the needs of small and medium-sized foreign trade enterprises for financing,promotes the development of small and medium-sized foreign trade-oriented enterprises,and further drives the development of China's foreign trade.This article first proposed that China's small and medium-sized foreign trade enterprises in the new development opportunities,the difficulty of financing has become one of the factors restricting its development,comprehensive foreign trade services to solve the problem of small and medium-sized foreign trade enterprises in the process of foreign trade import and export solutions.This article first proposed that China's small and medium-sized foreign trade enterprises in the new development opportunities,the difficulty of financing has become one of the factors restricting its development,comprehensive foreign trade services to solve the problem of small and medium-sized foreign trade enterprises in the process of foreign trade import and export solutions.Secondly,they collated and summarized the relevant literature on the impact of foreign trade comprehensive services,supply chain finance,financial innovation,and trade development on financial development.Then,it combs and analyzes the status quo of the industry development of foreign trade comprehensive services,the status quo of the development of supply chain finance,and the problems and risks in its development.Then,taking YDT companies as the blueprint for research,the company's background profile and the business content of supply chain financial services are collated and reviewed,and the risk issues that arise in the development of supply chain financial services are raised.Finally,through the analysis of YDT's supply chain finance risks,YDT establishes a risk control center system in response to risks,and risk control is implemented through the risk control system for the corresponding risk issues.