THE FINANCIAL INNOVATION MODEL OF SUPPLY CHAIN BASED ON THIRD-PARTY PLATFORM TAKING A SUPPLY CHAIN IN CHINA AS AN EXAMPLE
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Abstract
Traditional supply chain finance has improved the degree of information asymmetry between financial institutions and enterprises to a certain extent. However, due to the existence of information islands, the financing constraints of China’s small and medium-sized enterprises have not yet broken through. By using the basic theory of supply chain finance, this paper used literature analysis, comparative analysis, case analysis, and other methods to explore the interaction between the structure of China’s third-party platform-led supply chain financial system and its system, and summarized the characteristics and operation mechanism of the platform model by comparing it with the traditional model. Then, combined with the actual operation of China’s typical supply chain financial services platform, the service process of the platform was designed and innovated in detail, and the feasibility of this model was analyzed from the aspects of the advantages of the architecture, products, and platforms. The research showed that supply chain finance based on the platform model effectively linked the financial institutions, core enterprises, and other supply chain participants, with its resource integration ability and financing serviceability, this provided a set of supply chain financing solutions for all the participants in supply chain finance, and provided service functions; such as, commercial transactions, fund settlements, and capital finance through the integration of capital supply and demand information, thus realizing the symbiotic win-win situation of the platform’s participants. This paper provided ideas for the construction of a supply chain financial platform system for leading enterprises, financial institutions, Internet technology companies, supply chain service companies, and other major players in China, which would have certain practical significance and theoretical innovation.
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