Advances in International Finance

Under the traditional financial model, enterprises obtain financing based on their own credit status and operating ability. Due to lack of brilliant background, small and medium-sized enterprises are often unable to obtain financing. In order to make up for the funding gap of small and medium-sized enterprises, Chinese and foreign scholars have proposed supply chain finance, that is, the evaluation standard is based on the competitive position and strength of enterprises in the entire supply chain. The models of supply chain finance are mainly divided into accounts receivable, inventory, prepayment financing and strategic relationship financing. The first three are guaranteed by pledges, and the last emerging model is based on mutually beneficial and win-win cooperation between enterprises. In the future, supply chain finance will gradually change from a chain dominated by core enterprises to a platform-based supply chain finance, thus forming a supply chain ecosystem. Both big data and blockchain technology will help cut the cost of implementing supply chain finance and reduce the risk of supply chain finance.

Accounts Receivable Financing; Inventory Financing; Prepayment Financing; Strategic Relationship Financing; Blockchain; Platform-based supply chain finance