Research On Credit Enhancement Of E-commerce Acceptance Bill

Because the development of China's credit system is not perfect and the development of bank credit far exceeds that of Commercial Credit,the commercial acceptance bill based on commercial credit in China shows obvious weakness in its development,that is,the vast majority of commercial bills circulating in the market are bank acceptance bills.The market share of commercial acceptance bills is very low.At present,the scope of circulation of commercial acceptance bills is limited to state-owned enterprises or large and medium-sized enterprises with good credit standing,which are the key development areas of some countries,such as oil.The Commercial Acceptance Bill has the dual attributes of investment and financing,and it has the characteristics of enterprises' self-invoicing,low cost and high efficiency.The Commercial Acceptance Bill has unique advantages in alleviating the financing difficulties of enterprises,can help enterprises in a short period of time to achieve rapid financing,however,the current lack of commercial credit has seriously hindered the development of commercial acceptance bill,so credit enhancement will provide new soil for commercial acceptance bill development.The ways of credit enhancement of commercial acceptance bill can be divided into information credit enhancement and loss compensation credit enhancement.The ways of information credit enhancement include government information disclosure,Internet Information Credit Enhancement,audit report,credit investigation,rating and so on.The ways of credit enhancement for loss compensation include mortgage of own assets,Government Credit Enhancement,bank subsidy,guarantee credit enhancement,insurance credit enhancement and enterprise joint insurance.Information credit enhancement is the basis,loss compensation credit enhancement is the means,both are indispensable.This paper evaluates the effect of credit enhancement of commercial acceptance bill by the methods of comparison of Transaction Index Change,credit enhancement method experiment,Credit Enhancement Object Survey,etc.,effect evaluation can better guarantee the success rate of credit enhancement of commercial acceptance bills,optimize the credit enhancement technology of commercial acceptance bills,and increase the market share of commercial acceptance bills,however,risks such as high cost,insufficient ability and unsound system of credit enhancement may occur in credit enhancement,which need to be vigilant.Taking Order Group Commercial Acceptance Bill as a case,this paper introduces and analyzes the process of Order Group becoming the first pilot enterprises of Linyi Commercial Acceptance Bill Model,the cooperation between Order Group and Deep Bill Network,and the credit status of Order Group.The Commercial Acceptance Bill of Order Group adopts the methods of information disclosure,public rating,market quotation,bank subsidy,risk prevention and control,penalty for breach of trust,etc.,these credit enhancement methods can effectively reduce the buying and selling prices of Order Group Commercial Acceptance Bills,speed up the circulation of Order Group Commercial Acceptance Bills,and increase the number of Order Group Commercial Acceptance Bills issued,the reason for the remarkable success of the Order Group Commercial Acceptance Bill is due to the joint efforts of government regulators,financial institutions,the business community and academia,and the government's release of the policy dividend,commercial Banks and other financial institutions provide credit enhancement services such as Commercial Acceptance Bill,and the Order Group itself is a AAA enterprise.However,compared with Tianyuan Construction,which pays the same credit enhancement resources,the Commercial Acceptance Bill of Order Group shows the differential credit enhancement effect,and Order Group has more room for improvement in credit enhancement risk.From the case of credit enhancement of Order Group Commercial Acceptance Bill,we can see that improving the credit enhancement system is the key to credit enhancement of commercial acceptance bill,but the foundation of Credit Enhancement of Commercial Acceptance Bill lies in the development of enterprises,to develop better core enterprises and large and medium-sized enterprises,we should focus on taking information credit enhancement measures to enhance the credit of commercial acceptance bills.In the process of credit enhancement,we should pay special attention to controlling the risks such as the poor effect of credit enhancement,after the credit enhancement,the commercial acceptance bill plays an important role in alleviating the financing difficulties of the enterprises.The credit enhancement of the Commercial Acceptance Bill needs the joint efforts,this paper suggests that the government should actively promote the expansion of the main body of the credit enhancement of the Commercial Acceptance Bill,that the financial management department should give high support to the credit enhancement of the Commercial Acceptance Bill,that the Commercial Bank should manage the social credit well,that the bill platform should do a good job connecting the credit,and that the enterprise should value its own credit,moreover,the innovation of credit enhancement products of commercial acceptance bill is also very important.We should guide the application of science and technology to the credit enhancement of commercial acceptance bill so as to promote its rapid development.