Research On The Problems And Countermeasures Of The Innovation Of Supply Chain Financial Products Of Y Bank

At present,the great changes in the world that have never happened in a century are accelerating,and a new round of scientific and technological revolution and industrial transformation are developing in depth.The COVID-19 epidemic has a far-reaching impact on the economic and social development of various countries,and the development of global supply chain is facing rapid changes.On the one hand,the division of labor among enterprises in all aspects of the supply chain is gradually refined,and enterprises are closely cooperating within their own business scope.On the other hand,in the post-epidemic era,economic recovery and sustainable growth are facing new challenges.The supply chain is blocked due to shrinking demand and inflation,and enterprises are facing huge capital demand for the business turnover.In this context,China has intensively issued policy documents to stabilize the supply chain and support the healthy development of supply chain finance,and the importance of supply chain finance has become increasingly prominent.At the same time,with the wide application of emerging technologies such as 5G,block chain,big data and industrial Internet,commercial banks,as traditional credit financing service providers,are gradually carrying out innovative exploration of supply chain financial products to provide financial services for the development of the real economy.Facing the new requirements of supply chain development,it has become the top priority for commercial banks to innovate and develop supply chain financial products that match the development level and actual needs of China’s supply chain.Taking Y Bank as the research object,this paper uses theoretical analysis,literature research and case study to study the innovation of supply chain financial products of Y Bank.This paper sorts out the development history,implementation strategy,product system and development achievements of Y Bank’s supply chain financial products,analyzes the background and process of its supply chain financial product innovation,and analyzes the risks existing in its supply chain financial product innovation through a case study,points out the problems and the reasons behind them,and puts forward corresponding measures and suggestions,with a view to perfecting the research of commercial banks’ supply chain financial product innovation under the impetus of emerging technologies,actively responding to the call of the state to “develop supply chain finance” and “innovate the supply chain financial service mode of industrial chain”,and serving the supply chain of commercial banks.The main conclusions of the article are as follows:(1)Taking the “Quick Loan” of supply chain(based on the platform of “Jian xin e-chain”)of Y Bank as an example,the risks of the supply chain financial products of Y Bank mainly include industry risks,core enterprise risks,chain enterprise risks,underlying asset risks and trade authenticity risks.(2)The main problems of supply chain financial product innovation of Y Bank include: insufficient management and control of product service objects,unclear supply chain transaction background,and the risk prevention and control mechanism needs to be strengthened.The reason is that the innovation of supply chain financial products of Y Bank relies too much on core enterprises,while the application of science and technology is relatively insufficient,and the innovation mechanism needs to be improved.(3)In view of the problems existing in the innovation of supply chain financial products of Y Bank,it is suggested that Y Bank should focus on the service objects of its supply chain financial product innovation,including core enterprises,advantageous industries and the whole supply chain.It is supposed to strengthen the scientific and technological application through “de-nuclearization” innovation,replication and promotion of scene innovation,and empowerment of fintech output;Y Bank should strictly control the underlying assets,authenticity of trade background,credit limit and product term,so as to strengthen the risk management and control;And Y Bank should actively improve the product innovation mechanism,create a product innovation culture,and strengthen the training of talent teams,thus providing guarantee for the innovation of supply chain financial products.