Exploration On The Financial Model Of Industrial Chain Leading By Core Enterprises

Under the social background of supply-side reform,various traditional industries need to be upgraded and transformed.Deepening research and application of big data,artificial intelligence and block chain,speeding up the progress of industry-finance integration Developing industry chain finance is one of the important measures to improve the overall level of industry chain.Therefore,the government has issued documents to encourage finance many times over the years.Core enterprises are encouraged to participate in the construction of industrial chain financial online platform,carry out accounts receivable factoring,guarantee and other industrial chain financial services,form a distinctive industrial chain financial model,precisely support the real enterprises,effectively alleviate the financing difficulties and expensive financing problems of small and medium-sized enterprises.This paper chooses Yili Group,the leading agricultural enterprise,as the research object,and mainly divides it into four parts.The first part,starting from the industrial chain,comprehends the connotation of industrial chain finance through the concepts of supply chain finance and industrial chain finance,the forms of financial products of industrial chain divided according to offset and pledge,and the characteristics of industrial chain finance.It compares commercial bank-led,third-party trading platform-led,logistics enterprise-led and core enterprise-led.Four main industrial chain financial models show that core enterprise-led industrial chain finance has obvious advantages in grasping information and coordinating the common vision of various enterprises.The theory of information asymmetry,the theory of combination of industry and finance,and the theory of financial ecosphere are briefly introduced to lay a theoretical foundation for the follow-up analysis.The second part objectively states the related activities of Yili Group in developing industry chain finance from four aspects: the general situation of Yili Group,the development process of industry chain finance,the structure of industry chain financial organization,and the financial products designed for different types of customers.The third part summarizes the activities of Yili Group,and sorts out the financial model of Yili's industrial chain.Quantitative analysis of the report data,tracking the operation results since the development of industrial chain finance.Through SWOT qualitative analysis of the advantages,disadvantages,opportunities and threats of the model.Finally,according to the analysis,the fourth part finds out the shortcomings of the development of Yili Group's industrial chain model,and puts forward some suggestions for improvement.This paper summarizes the development experience of Yili Group's industrial chain finance model,puts forward the universal enlightenment,and helps the core enterprises with conditions to develop industrial chain finance.