中文摘要：

融资难一直是制约中小企业生存发展和日常运营的主要瓶颈。近年来。作为一种创新型融资手段,基于供应链网络的供应链金融逐渐成为中小企业获取营运资金的有效方式。伴随着企业信息化程度的提高与网络技术的发展,基于虚拟产业集群的供应链管理活动为供应链金融的开展提供了广阔空间和条件。本研究以创捷供应链有限公司为例，对基于虚拟产业集群的供应链金融创新进行了深入探索与分析,并构建了虚拟产业集群中供应链金融创新路径的理论框架与模型。研究发现：虚拟产业集群中企业间存在依存关系,通过虚拟供应链搭建的产业互联网平台能够实现虚拟产业集群中所有企业间的业务闭合，优化交易流程模式，并且基于云计算、大数据等技术，在强化供应链网络关系的同时,虚拟供应链网络有效降低了产业互联网平台中资金提供方与中小企业之间的信息不对称。这一方面促进了虚拟产业集群中产业企业多种供应链金融业务的顺利开展,另一方面实现了产业发展与金融创新的循环迭代,提升了产业竞争力。本文基于虚拟产业集群识别出多种供应链金融创新业务形态,有助于完善与拓展供应链金融理论,对于引导基于虚拟产业集群的供应链金融实践有效开展具有有益启发。

英文摘要：

Financing difficulty is the main bottleneck of SMEs, and deficiency of capital has caused negative effect on SMEs＇ operation. In recent years, as an innovative financing tool, based on the supply chain network, supply chain finance （SCF） gradually become an effective way for SMEs obtaining operating capitals. Along with the development of the enterprise informatization and the network technology, the supply chain management activities based on virtual industry clusters have provided a broad space and conditions for the development of supply chain finance. Taking SJET as an example, this paper carried on a thorough exploration and analysis for supply chain finance innovation based on virtual industry clusters, and built the theory framework and model of supply chain finance innovation path in the virtual industry clusters. Through this study we found that enterprises are pool dependent in virtual clusters. Closed business between enterprises can be achieved in virtual clusters through industrial internet platform based on the virtual supply chain, and based on technology, such as cloud computing, big data, virtual supply chain network can effectively reduce information asymmetry between platform enterprises and SMEs in the industrial internet platform, which can promote supply chain finance, and at the same time, achieve cyclical iteration between industrial development and financial innovation, so as to promote the competitiveness of the industry. This paper identifies a variety of supply chain financial innovation forms based on the virtual industry cluster, which is helpful to improve and expand the supply chain finance theory, and provides beneficial inspiration for guiding supply chain finance practice.