On The Function Of Bill Financing

In the early stage of bill development,exchange,payment,settlement,circulation and credit are the basic functions of bill,which constitute the basic structure and main rules of bill law.Great changes have taken place in the transaction media,transaction subjects and commercial credit sources.People gradually turn their attention to a more convenient and efficient way.Bill is the material expression of commercial credit,which makes bill have inherent credit and financing function.However,in the current social and economic environment of our country,bill financing function is in a contradictory situation: on the one hand,because bill financing is the ideal combination of commercial credit and bank credit,bill financing is the financing of small and medium-sized enterprises with high market-oriented bill discount rate On the other hand,there are many legal obstacles in bill financing.Because the bill financing function is not included in the bill function orientation in the bill law of our country,the bill financing faces the legal dilemma.It can be seen that developing bill financing and liberating the financing function of bills have become an urgent task.Based on this,this paper discusses the related problems of bill financing function and puts forward some attempts.The main part is divided into five chapters.First of all,it reviews the formation and development of bill financing function,and briefly introduces two kinds of performance of bill financing function,namely,financing bill and bill discount;the second chapter introduces the current situation of bill financing in China is not optimistic,and the legislative obstacles and institutional backwardness restrict the play of bill financing function.The existence of a large number of illegal non-governmental bill financing calls for the release of the financing function of bills as soon as possible;chapter three further reflects on the bill financing function from two aspects of financing bills and bill discounting;chapter four is the innovation of this paper,combining with the current cutting-edge technology blockchain to solve the difficulties of bill financing in China;Chapter Five puts forward the measures and measures to develop the bill financing function in China Suggestion.