Free Trade Pilot Area Supply Chain Finance Research

After the reform and opening up,China's economy has developed tremendously,and small and medium-sized enterprises have sprung up like mushrooms.Now it has become the main force driving China's economic growth.However,the problems associated with the emergence,growth and development of SMEs—difficult financing and expensive financing—cannot be effectively resolved,and even the severe period of economic development directly leads to the break of the capital chain of SMEs and endangers China's economic development.Because traditional financing methods cannot effectively solve the existing financing problems of small,medium and micro enterprises,scholars at home and abroad have begun to seek a new financing method-supply chain finance.From the perspective of the overall supply chain,the authenticity of inter-enterprise trade and the creditworthiness of core enterprises are evaluated,and on this basis,it is decided whether to finance upstream and downstream enterprises in the supply chain.Supply chain financial financing makes full use of the energy diffusion effect of core companies,provides convenience for small and medium-sized enterprises,and promotes the rapid development of small and medium-sized enterprises.The Pilot Free Trade Zone is a vanguard undertaking the task of reform and opening up under the new normal of the economy,and a pioneer in innovation and development.It is also a pioneer zone for promoting the transformation of government functions,deepening reform in the investment field,promoting trade transformation and upgrading,and deepening open innovation in the financial field.The "negative list" system,trade facilitation,"one window" and other convenient systems implemented in the Pilot Free Trade Zone have attracted a large number of small and medium-sized enterprises,commercial banks,and core enterprises to settle in,providing a suitable soil for the innovation and development of supply chain finance..With the continuous deepening of the Pilot Free Trade Zone and the improvement of China's international status,more enterprises will enter the zone,bringing more opportunities for the development of supply chain finance.Under this background,it is of great significance to study the supply chain financial operation mechanism.This article starts from the whole supply chain,takes the special system of the Pilot Free Trade Zone as the background,and takes the financing needs of small and medium-sized enterprises as the starting point to deeply study the characteristics of the supply chain financial main body,operating mechanism,and systematic management risk strategies.First of all,by combing relevant literature,the historical evolution of supply chain finance is studied,the supply chain finance connotation,system structure,product advantages are refined,and the similarities and differences between supply chain finance and traditional logistics finance and trade finance are compared and analyzed.Secondly,define the relevant concepts and areas of the Pilot Free Trade Zone,and analyze the particularity of the Pilot Free Trade Zone and the supply chain financial entities in the zone.Thirdly,in-depth study of the supply chain financial operation mechanism of the free trade pilot zone,and the use of Agent simulation and game theory models to analyze the supply chain financial symbiosis mechanism under the conditions of information gain in the free trade pilot zone.The integrity of chain financial enterprises.Finally,the supply chain finance risk is considered based on the three dimensions of supply chain financial structure,process and elements in the Pilot Free Trade Zone,and a framework for systematic management of supply chain finance risk is constructed.