A Study On Supply Chain Financing Led By SUNNING GROUP CO. As The Core Enterprises

Small and medium-sized enterprises have always maintained an important position in economic development,and its healthy development is very important to the country.Therefore,it is actual important to discuss the financing constraints of SMEs.Supply chain financing plays a very important role in dealing with financing problems.At the national two sessions in 2020,the "innovative supply chain financial service model" was mentioned separately the report on the work of the government for the first time,which gives expression to the state attaches importance to the growing of supply chain finance.Since the brust of covid-19,the financing constraints of SMEs has become a mentioned topic all around the world again.Supply chain finance has had an vital important role in easing the financing tension of SMEs.Financial technology enterprises such as Suning Tesco Group Co.Ltd(hereinafer referred to as “Suning company”)have given play to the advantages of supply chain financial services and contributed to the accelerated recovery of the national economy.The paper mainly borrows the literature method and case method to discuss the case.After fully mastering the types and products of supply chain finance,starting from its inheritance and transformation,this paper introduces in detail the connotation and characteristics of Suning,the motivation of financing and the way of financing implementation in the case part,and introduces three main supply chain financing products and the main risk control mechanisms of financing products,puts forward the shortcomings in the supply chain financing business,analyzes the impact of Suning’s supply chain financing business on Suning itself and on upstream and downstream enterprises in the supply chain,and comes to the conclusion that Suning’s supply chain financing model can effectively solve the financing problems of small and medium-sized enterprises,And enterprises on the chain to achieve common development and accelerate the speed of capital flow.Finally,it gives relevant suggestions on the deficiencies mentioned above.Firstly,it shows that the development of supply chain financing business should complement the cooperative relationship of enterprises in the chain;Secondly,it emphasizes the position of core enterprises in supply chain financing business;Finally,we should pay attention to the bulid credit risk guarantee mechanism,which will help weaken the credit risk of banks and so on.