Research On Supply Chain Financing Of Small And Medium-sized Enterprises

small and medium-sized enterprises(SMEs)have made great contributions to China’s economic development.The development of SMEs has solved many employment problems in China,and also promoted the rapid development of China’s economy and optimized the perfection of China’s economic structure.However,SMEs are difficult to obtain financing through external financing channels because of their own imperfect financial system,lack of fixed assets that can be pledged and guaranteed,and their own scale limitations.The low availability of financing channels,high financing demand and high financing interest rate also make SMEs face the problem of expensive financing.There is a huge gap between the support SMEs get in financing and the contribution they make to the national economy.The financing difficulties and high financing cost of SMEs have seriously hindered their healthy and sustainable development.With the emergence of supply chain finance,a brand new credit mode,supply chain finance integrates logistics,capital flow and information flow in the supply chain,reduces the degree of information asymmetry,and alleviates the financing difficulties and expensive problems of SMEs to a certain extent.The paper is divided into four parts: The first part is the sorting out of theoretical knowledge,and analyzes the financing background of SMEs and the related knowledge theories of supply chain finance,citing information asymmetry and other theories to pave the way for the following supply chain finance to solve the financing difficulties and expensive problems of SMEs.The second part describes the financing status of SMEs in external financing channels,find out the reasons why SMEs financing expensive and difficult.Secondly,it studies the different development stages of supply chain finance and the financing mode of supply chain finance,paving the way for the case cited below.The third part cites the case that D Iron and Steel Company solves financing problems by applying confirming warehouse business model,financing warehouse business model and accounts receivable business model in supply chain finance,combining theory with practice.The fourth part is the suggestion part,which puts forward suggestions from the government level,the level of banks and other financial institutions and the level of small and medium-sized enterprises respectively to promote the better development of supply chain finance.Supply chain finance in our country started late,at present the real application of supply chain finance to solve the financing difficulties and the amount of your this problem of small and medium-sized enterprise financing is not much,the government,Banks and other financial institutions and companies need to work together to push the development of supply chain finance,make the popularization and application of supply chain finance can be better.