The Supply Chain Financing Model Research

For a long time, the traditional mode of financing have helped to solve some difficulties about financing in many enterprises, and then helped the enterprises gain development. But with the development of economy, the traditional financing mode is increasingly difficult to meet the demands of some enterprises, and shows its limitations in many aspects, especially for small and medium-sized enterprises, they find it difficult to meet various conditions of the traditional financing mode."Financing Difficulty" becomes an obstacle in the development of small and medium-sized enterprises. With the change of management idea and thinking in banks, financing problems in the small and medium-sized enterprises become one focus of the banks, and banks have already designed some special financing products for these enterprises,"Supply Chain Financing" is one of them.Supply chain financing still at the starting stage in our country, a lot of enterprises lack enough understanding to it, this article compares supply chain financing mode with traditional financing ways firstly, and points out that there are many limitations of the traditional financing ways to solve problems in the small and medium-sized enterprises, and then gives the concept of supply chain financing, after that explains the possibility and necessity of the existence of supply chain financing with three economics theory, such as credit rationing in theory, transaction cost theory and the principal-agent theory, then compares and analyzes the three basic model of supply chain financing, and points out their differences and applicable conditions, all of these researches above provide theoretical basis of reasonable choice of financing ways for the enterprises.The fifth part of this article introduces a case, it is about Anyang iron and steel Co., ltd. and its resellers, they use supply chain financing to solve financing problem, then combine with this case explains the design and operation process of supply chain financing, this can provide reference for both enterprises and banks. At the end of this article, the author puts forward some suggestions on developing supply chain financing in our country, such as establishing banks and enterprises alliance, strengthening incentive the core enterprises, improving and perfecting the index system of credit evaluation and improving the information technology level of supply chain financing. I hope this article can make contribution to the development of supply chain financing in our country.