Research on the Loopholes and Countermeasures of Logistics Financial Business in China
Year: 2018

By studying on the domestic scholars' discussion and research on logistics finance, this paper introduces the main operation mode of logistics finance. From two aspects: legal policy, operation practice, based on our country's actual financial current situation of logistics, and from the legal system, industry standards, business operations and other aspects to compare their features and differences. On this basis, we summarize the loopholes in China's logistics finance business from the above three aspects. Taking advantage of case analysis, citing the case of Huai Mineral Flow Crisis, combined with the summary of vulnerabilities, it analyzes the main reasons leading to its crisis. Using system analysis method, from various angles of the whole logistics financial business participants to deal with various aspects of the solution is put forward, improve problem solving ability, provided a beneficial reference for the development of the logistics financial.  Pledge financing; Pledge supervision; Risk control. I. THE PRESENT SITUATION OF LOGISTICS FINANCE IN CHINA. Compared with developed countries, our country in the field of logistics financial development lags behind, but thanks to the rapid development of logistics industry in our country, and constantly improve the level of technology, draw lessons from abroad to carry out the logistics financial business experience and advanced management technology, our country's logistics financial shows a tendency of rapid development, and generally experienced two stages of development  A. Stage 1: 1999 to 2007 In the first stage, because logistics finance is in the embryonic stage in China, the legal policy foundation is weak. Only in the "security law" promulgated in 1995 about personal property and rights pledge of warehouse receipt pledge provisions and some provisions of "contract law" promulgated 1999 can be used as a guarantee of logistics financial business relationship between power and responsibility. The government's policy support for the logistics financial business is also lacking. In the operation practice, Chengtong Group's China Material Storage Transportation Co. Ltd. began to operate inventory pledge financing at the end of the 20th century, becoming the first innovation in the field of logistics finance in China. As of 2005, Zhongchu Nanjing Smart Logistics Technology limited company has cooperated with more than 10 financial institutions to formulate logistics financial pledge supervision for corporate clients  In the same period, COSCO Group and Sinotrans Group are actively exploring the practice of logistics and finance, and gradually developing the business such as production supervision, warehousing and warehousing. B. Stage 2: since 2006 Since 2006, China's logistics finance industry has entered a period of rapid development. In 2009, the state council incorporated the logistics industry into the top ten revitalization planning industries, and the government attached great importance to the development of logistics finance, and promoted the publication of a series of relevant legal policies. In 2007, the implementation of the property law effectively improved the institutional environment of logistics finance. In 2009, the policy recommendations on logistics financing for logistics financial development was proposed to discuss the establishment of logistics Banks in China. In 2012, the 12th five year plan for financial industry development and reform incorporated logistics finance into the planning and guidance of financial development reform. In the practice of business, Zhongchu Nanjing Smart Logistics Technology limited company and Sinotrans Group have taken the lead in the development. After more than ten years of development, the Bank that signed the cooperation agreement with Zhongchu Nanjing Smart Logistics Technology limited company has developed to more than 20, including CITI Bank, Min Sheng Bank, Ping An Bank, Standard Chartered Bank and BNP Paribas. Tianjin port group in 2007 to set up specialized responsible for port logistics financial franchise company, the company since has been established with 77 logistics enterprises development of the logistics financial business relations, 8.3 billion cumulative for port customer financing, and pull them into tens of millions of tons of cargo throughput. Under the supply chain financial impact on the whole logistics industry, now some private logistics companies have also begun to enter the field of logistics finance, for example, Supported by the Training Program of Fujian Excellent Talents in University. 2nd International Conference on Management, Education and Social Science (ICMESS 2018)