Considering the risk of SMEs, financial institutions have been cautious about the financing of SMEs. Supply chain finance, through the integration of information chain, capital chain, logistics chain, and so on, forms an internal circulation ecosystem, which is a breakthrough to solve the financing difficulties of SEMs. In the development of supply chain finance in China, the evaluation of the enterprise’s credit, collateral is basically carried out by the bank or the bank commissioned by third parties. Therefore, the main mode of supply chain finance in China is banking-oriented model. At the same time, as the most powerful leading enterprise in the supply chain, the core enterprise can help to improve the whole supply chain with the advantage of information and credit. The credit guarantee financing model, providing credit guarantee for the downstream retailers, gradually appeared. In the supply chain, only a small number of scholars consider the impact of financial constraints
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