Research On Development Of Supply Chain Finance Platformization For Non-Ferrous Enterprises

Non-ferrous metal industry,a strategic front of mineral resources in China,exerts great influence on domestic resources security and the corresponding sustainable development,with its sound development of the industrial chain and the stability of its supply chain.The industry ushers in fresh development opportunities in terms of industrial layout,strategic planning,and actual running as financial technology advances at top speed in recent years.Making use of momentum that increasing demands are flooding into supply chain financial technology and services by the nonferrous metal industry,supply chain financial platforms are rising sharply.This paper explored and dissected impacts of the development model,operation status,policy background of supply chain financial platform on enterprise performance,grounding on sorting out related literature at home and abroad.Aiming at the necessity of the application of supply chain financial platform,this paper explored the integration degree of industry and finance in nonferrous metal industry,and analyzed it by the method of coupling coordination degree.In addition,empirical model established referring to related theoretical research was introduced to study the supply chain financial platformization of the non-ferrous metal industry,targeting the operation limitations of the supply chain financial platform mastered by traditional financial institutions.Simply put,efforts were invested to strengthen the positive correlation between non-ferrous metal enterprise’s supply chain financial platform on its financial performance.While the combination of the non-ferrous metal industry and the financial industry adopted as the explanatory variable yielded a binary dummy variable for empirical analysis.And the verification analysis of the coupling coordination was conducted on the hypothesis.Studies revealed that:1.Low coupling and coordination were detected between the non-ferrous metal industry and financial industry;2.Cooperation and integration operation of the non-ferrous metal industry and the financial industry-the platform running of supply chain finance significantly affected the financial performance,and positively impacted on measurement indicators of financial performance.Based on the aforementioned conclusions,instance data of Z copper industry supply chain financial platform construction was adopted to supplement the building of enterprises’ own supply chain financial platform,and pictured a benign ecosystem of supply chain finance through the application practice of representative enterprises in the non-ferrous metal industry.Last but not least,experience and the corresponding suggestions for non-ferrous metal enterprises,especially large and medium-sized stateowned non-ferrous metal enterprises building their own supply chain financial platform were summarized.