Research On Credit Risk Evaluation Of SMEs Based On Supply Chain Finance

Although the country has been to provide incentives for SME financing,but financing of SMEs is still one of the important issues that affect the survival and development of them.Currently the main channel for corporate finance is bank credit,and banks assessing Qualification dependsmainly on credit and collateral,which makes many SMEs be rejected by banks.Meanwhile,the interest rate liberalization and other factors causes banks' profits falling sharply,the four major banks profit growth close to zeroin 2015,so banks facing urgent needs of financial innovation and market expansion.Supply chain finance is a financial innovation model which is conducive to SME financing,and help banks to expand their business.For banks,the biggest risk is the default risk of loan enterprises,namely credit risk.However,because supply chain finance is a new business model,credit risk assessment in this mode also needs further investigation.Therefore,on the basis of previous studies,this paper study SME credit risk assessment of supply chain finance,in order to provide information and recommendations on the credit risk assessment to the financial institutions that operate supply chain finance service.This paper describes the background and significance of the research,describes the current situation and significance of supply chain finance and risk evaluation,introduces the domestic and foreign research for supply chain finance and risk management,and outlines the research content and methods.Then it elaborates the definition and characteristics of supply chain finance,concepts and features of supply chain finance credit risk and the methods of credit risk evaluationin detail.This will pave below.Further analysis of the prepayments,inventory pledge,supply chain risk points receivables financing model through the supply chain financial model combing operation mechanism,in order to extract the relevant risk indicators.Followed by a combination of practical experience and research literature supply chain risk points of the foregoing,the qualification of SMEs,the core business intelligence and supply chain operations in three areas to build SME credit risk assessment system based on supply chain finance,this index system select the general equipment manufacturing industry data base,using principal component analysis to extract the most relevant and credit risk factors,then the use of Logistic regression based on the establishment of SME credit risk assessment model for supply chain finance,proven find high prediction accuracy of the model You can use this method for SMEs supply chain model under the credit evaluation,and also use the case to show the entire process of the method.Also proposed a supply chain finance and credit risk management five suggestions to do a detailed explanation.Finally,this paper summarizes the findings and presents deficiencies and the future can be more in-depth exploration of the prospect.