Research On Financial Risk Control Of Supply Chain Financialservice In Logistics Enterprises

For a long time,the difficulty and high cost of financing are the main obstacles to the rapid development of middle and small-sized enterprises,and the booming supply chain finance is one of the important ways to solve this pain point.With the development of financial markets,the leading body of supply chain finance diversified gradually,the logistics enterprise also began to build their own financial services platform to service for their industrial enterprises in supply chain finance.And it has become an opportunity to make innovation value,develop new profit source and improve competitiveness.However,the development of China's supply chain financial services is not yet mature.Such a business involving multiple subjects,complicated legal relations and multiple operational links is a high-risk business.Therefore,the operation mode of logistics enterprises,what financial risks there are and how to control them constitute the focus of this paper.In this context,first making a literal review at home and abroad,then summarizing the information asymmetry theory,transaction cost theory and financial risk management theory.By using case research methods,this article,taking a leading logistics enterprise who engaged in commodity supply chain service ——Xiamen Xiangyu Co.,Ltd.as an example,is to explore the actual operation process of supply chain financial service model and all kinds of risks they are facing.Then it establishes a complete set of risk evaluation index system to evaluate the effect of the risks controlling measures.The conclusion shows that Xiangyu are continuously seeking new profit points and controlling the financial risks effectively,which guarantees the sustainable and healthy development of supply chain business basically.However,more attention should be paid to the potential bad impact of the insufficient cash flow and the risky financing structure and scale.