Abstract
Small and medium-sized enterprises have made great contribution to the prosperity of market economy and the stability of social order in China, but they often suffer from the financing difficulties. Supply chain finance model is a new angle of view to solve the financing difficulties of small and medium-sized enterprises. Firstly, this paper defines the related theory of supply chain finance. Secondly, it analyzes the three main financing models of supply chain finance: the financing model of prepayment, the financing model of inventory pledge and the accounts receivable financing model. Thirdly, it combines the expert evaluation method and the fuzzy comprehensive evaluation method to establish the comprehensive evaluation model of financing credit risk of small and medium-sized enterprise. Finally, it provides some suggestions in the financial institutions aspect to prompt the financing development of small and medium-sized enterprises. The contents of this study have certain innovative and practical significance, it may benefit to solve the financing problems of small and medium-sized enterprises in China.
Highlights
In the recent years, the supply chain finance develops in high speed and created a lot of achievement in China
Enterprises and related institutions are committed to the financing of small and medium-enterprises based on supply chain finance
The development of supply chain finance is facing a great number of challenges, strengthening the management of financial risk will have great significance for the sustainable, stability and healthy development of the small and medium-sized enterprises
Summary
The supply chain finance develops in high speed and created a lot of achievement in China. Enterprises and related institutions are committed to the financing of small and medium-enterprises based on supply chain finance. Bank of Ping'an launched the supply chain finance 3: Orange electronic network platform in 2014, which is an industrial chain financial ecosystem including four flows. The People's Bank of China issued the Some Opinions on Financial Support for Increasing Efficiency of Industrial Steady Growth and Adjusting Structure in February 24th, 2016. It clearly pointed out that “promote more supply chain to join into the financing service platform of receivable accounts through financial reform to ease the financing difficulties of small and medium-sized enterprises” [1]. The development of supply chain finance is facing a great number of challenges, strengthening the management of financial risk will have great significance for the sustainable, stability and healthy development of the small and medium-sized enterprises
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