Research On Supply Chain Finance In Coal E-commerce

The coal industry is Chinese pillar energy industry,and it is also the foundation that supports the high-quality development of Chinese economy;due to factors such as the world epidemic and geopolitical uncertainty,the constancy of the global product supply chain has been greatly impacted,resulting in the recent coal industry.Prices and supply have fluctuated significantly,and how to keep the stable operation of the supply chain has become a topic of social concern.There are many small and medium-sized enterprises in the coal supply chain,and it is difficult to get financial support from traditional financing channels.However,as these businesses are an important part of coal,their financing difficulties will cause damage to the stability of the coal supply chain.Therefore,solving the financing problems of small and medium-sized enterprises in the coal supply chain has become a "key move" to maintain the stability of the coal supply chain.It has become a consensus to solve the problem of financing difficulties for SMEs through supply chain finance.At present,supply chain finance in the coal industry is dominated by two models: financial institution-led and coal enterprise-led.Under the financial institution-led model,financial institutions do not participate in supply chain operations,which makes risk control difficult.The coal company’s leadership increases the liquidity of core companies.Risks and limited service coverage cannot meet the needs of the coal industry for financial services.With the development of Internet technology,the informatization level of the coal supply chain has been greatly improved,which has laid the foundation for the e-commerce platform to deploy supply chain finance.The e-commerce platform deeply participates in supply chain operations and integrates the "business flow","logistics","capital flow" and "information flow" of the supply chain through financial technology,which reduces the management blind spots caused by multi-party participation in supply chain finance.It reduces the information asymmetry between banks and enterprises to a certain extent,builds a financing bridge connecting banks and enterprises,and allows more participants in the coal supply chain to obtain financial services.Based on the above background,this paper explores the supply chain financial service model of coal e-commerce Yimei.com.Firstly,this paper describes the research background and significance in the introduction,and the research content and method of this paper are clarified in combination with the previous research results.In the main body,this paper firstly explores the application status of supply chain finance in the coal industry.After combining the vulnerability of the coal industry and the development trend of supply chain finance,it is found supply chain finance can guarantee stability of the coal supply chain.However,the application of the supply chain financial model in the coal industry is insufficient.The supply chain financial services provided by the third-party e-commerce platform as a signal intermediary can greatly improve the supply chain financial business efficiency and risk control capabilities of financial institutions.Then this paper focuses on the analysis of the risk control model of Yimei.com supply chain financial services based on six aspects:business closure,transaction informatization,income self-compensation,vertical management,risk organization and reputation capitalization.The experience and deficiencies of various aspects of the supply chain finance of Yimei.com are analyzed from multiple perspectives,and relevant suggestions are given according to the current deficiencies of Yimei.After the case study,it is concluded that coal e-commerce as a credit intermediary to provide supply chain financial services has broad application prospects in the coal industry.At a time when financial supervision is tightening,coal e-commerce as a signal intermediary to participate in supply chain finance does not involve its own funds,which reduces the credit risk faced by the platform to the greatest extent,and responds to the national financial platform’s call for "de-financialization".In this process,coal e-commerce companies make full use of mobile Internet technology to carry out informatization construction of the traditional coal industry,which improves the transparency and transmission efficiency of information between enterprises in the coal supply chain.On this basis,relying on its own advantages of being close to the supply chain and the empowerment of financial technology,it has improved the ability to collect,clean and apply data,extract and process all kinds of messy information of small and medium-sized enterprises to form data assets,which greatly reduces the financial institutions.The risk of the coal supply chain has enabled more small and medium-sized enterprises to enjoy supply chain financial services with a wide range of services,low transaction costs,and simple operation processes,thus ensuring the overall operational efficiency and stability of the coal supply chain.Although the current supply chain financial services of e-commerce platforms have achieved certain achievements,they still face the common problems of technical risks and insufficient data dimensions.This paper proposes that the e-commerce platform represented by Yimei.com needs to improve the current deficiencies by improving the user evaluation system,improving the competitiveness of the platform,reducing operational risks,and strengthening the application of financial technology.