| The steel industry is an important part of industry and has a wide range of applications,including construction,transportation,energy,machinery,etc.The steel industry has an important position in the national economy and is one of the country’s basic industries.In recent years,factors such as overcapacity in the steel industry,fierce competition in the industry and enhanced risk control have led banks and other financial institutions to be cautious in financing steel enterprises,especially small and medium-sized enterprises.To alleviate this phenomenon,coupled with relevant policies and market demand,supply chain finance has attracted much attention in the market in recent years,and major commercial banks in China have successively launched relevant businesses based on supply chain finance,especially the accounts receivable financing model.It is worth noting that although supply chain finance provides a new way of financing for SMEs,it also raises more risk issues,the most important and difficult to control being credit risk.Therefore,there is an urgent need for an effective credit risk management method for supply chain finance to reduce the probability of occurrence of risks and the extent of losses.In order to ensure that the credit risk of supply chain finance for steel producers can be effectively managed,in-depth research is needed to develop a comprehensive risk assessment model in order to control the credit risk that may exist in a timely manner,reduce the probability of risk occurrence,reduce the waste of financial resources and also serve as a reference for other financial institutions so that financial inputs can better support the sustainable growth of the real economy.The paper also provides a reference for other financial institutions so that financial inputs can better support the sustainable growth of the real economy.To this end,this article selects steel producers as the research object and studies the credit risk management of supply chain finance based on the accounts receivable financing model from the perspective of banks.The article constructs a supply chain financial credit risk evaluation system for iron and steel production enterprises by comparing and screening the previous research with the literature analysis method to determine,and adopts the improved hierarchical analysis method and entropy weighting method to assign subjective and objective weights to indicators respectively,and obtains comprehensive weights through the minimum information theory,and finally determines the risk level of enterprises based on the cloud model,so as to construct a supply chain financial credit risk evaluation model,and conducts an empirical analysis was conducted to verify the effectiveness of the evaluation index system.Finally,from the bank’s perspective,specific measures and suggestions for credit risk control in supply chain finance of steel production enterprises are proposed,and a multi-level credit risk control system of "pre-loan-in-loan-post-loan" is constructed,and prevention suggestions are made to the core enterprises,financing enterprises and logistics enterprises respectively.The recommendations include that the core enterprise should conduct a risk assessment to determine the guarantee amount,the financing enterprise should pay attention to financial regulation and formulate risk contingency plans,and the logistics enterprise should do a good job in inventory and other management. |
