Research On The Development Of Supply Chain Finance Of Bank Of China Fujian Branch

Since the 21 st century,supply chain finance has developed rapidly in commercial banks.It plays an important role in innovating the traditional credit model of commercial banks and solving the financing difficulties of small and medium-sized enterprises.An important difference between supply chain finance and traditional finance lies in the difference of service objects.Traditional finance provides services for a single customer.Supply chain finance provides services for the whole supply chain enterprises,including the core enterprises and the upstream and downstream enterprises,such as settlement and financing.It has made breakthroughs in both levels and breadth.Therefore supply chain finance has been widely applied and promoted in commercial banks.Since Shenzhen Development Bank first put forward the supply chain finance concept in 2002 and achieved great results,most domestic commercial banks have imitated and established their own supply chain financing system.As one of the five state-controlled commercial banks in China,BOC has a strong comprehensive strength and great social responsibility.In recent years,BOC has vigorously promoted the financial business innovation of supply chain on a global scale in order to better serve the development of market economy.This paper analyzes the development status and deficiencies of supply chain finance business of Bank of China Fujian branch,and puts forward corresponding development countermeasures and suggestions,which is very significant for Bank of China Fujian branch expanding its customer group,changing its profit model and better serving the real economy.This paper takes Bank of China Fujian branch for example to explore the development of supply chain finance of domestic commercial banks.Firstly,this paper introduces the background of topic selection and research significance,sorts out the research theories related to supply chain finance,and summarizes the innovation and shortcomings of the research content.Secondly,it analyzes the necessity of developing supply chain finance and summarizes the significance of developing supply chain finance in domestic commercial banks.Thirdly,by reviewing the development history of supply chain finance in domestic commercial banks and combining with the author's experience incredit business in Bank of China Fujian branch for many years,this paper focuses on the analysis of the development status of supply chain finance business of the bank,and puts forward the problems in the development of supply chain financial market,the construction and promotion of information platform,the validity of approval of credit projects and the concept of risk management and control.Fourthly,it deeply analyzes the factors influencing the development of supply chain finance business of Bank of China Fujian branch from the external factors such as national policy,economic environment and internal factors such as the establishment of business departments and the development of blockchain technology.Finally,Suggestions are provided for the development of supply chain finance business of Bank of China Fujian branch from three aspects:internal management of department collaboration and talent training,application of science and technology in financial field,external requirements of approval process and risk control.In the new economic era,it has new definitions and requirements for financial institutions.As a new financial model,supply chain finance is of great significance to the sustainable development of commercial banks.This paper hopes that the analysis of the current situation and development suggestions of the supply chain finance business of Bank of China Fujian Branch can promote the better development of the supply chain finance business of the Bank,and provide a reference for the development of the supply chain finance business of the same industry.