Research On The Financing Modes Of Supply Chain Finance

SMEs are an important driving force for economic development.However,in the process of development,SMEs have been suffering from difficulties in obtaining financing support.In the new era,the financing problems of SMEs not only restrict their own development,but also hinder the overall transformation and upgrading of China's economy.It is of great economic value to solve the financing problems of small and medium-sized enterprises.Supply chain finance integrates the idea of supply chain management,emphasizes the overall value of the supply chain and collects credit,and shows a strong innovation force in solving the financing problems of SMEs.In recent years,with the rapid development of domestic financial reform and information technology,the pace of development of supply chain finance business in China has further accelerated.Various financial institutions,e-commerce companies and logistics companies have launched SMEs based on their own favorable conditions.Supply chain financial business in the domestic development situation is very impressive.Taking Jingdong supply chain finance as an example,this paper attempts to explore the supply chain financial model and its beneficial effects in solving the financing dilemma of SMEs from the perspective of SME financing.The full text includes six main parts.The first part is to sort out the literature related to SME financing and supply chain finance,and to extract the causes of financing dilemma of SMEs and the four main advantages of supply chain finance to solve the financing problems of SMEs.The second part introduces the comprehensive business overview of supply chain finance,including the concept and composition of supply chain finance,the generation and development of supply chain finance,and three typical models of supply chain finance.The third part is to introduce the specific development of Jingdong supply chain finance.The fourth part is case analysis.It mainly analyzes the development motivation of Jingdong supply chain finance and the effect of Jingdong supply chain finance on solving the financing dilemma of SMEs.It is concluded that Jingdong supply chain finance plays a major role in solving financing problems for SMEs.It is reflected in the following four aspects: one is to improve the information transparency of SMEs,the other is to improve the credit level of SMEs,the third is to reduce the credit risk and cost of financing institutions,and the fourth is to increase the income level of multi-party entities involved in Jingdong's supply chain finance business.In the last two parts,the article compares the Jingdong supply chain financial model with the Ali small loan model,so that we get the main advantages of the Jingdong model are: low financing cost and complete risk control.The shortcomings include: customer coverage low,insufficient funding sources,and insufficient talent pool.Based on these shortcomings,the author proposes that Jingdong Supply Chain Finance should develop innovative development models,further expand funding channels,and strengthen relevant personnel training.