There has been an increasing trend of finance serving the needs of real economy in recent years.As an important component of manufacturing industry,China's processing trade enterprises that are undergoing transformation needs the support of innovative financial products.Based on the available data,this paper studies the transformation of processing trade of listed enterprises,and finds that supply chain finance has significantly alleviated the negative impact of trade policy uncertainty on the transformation of these enterprises,and the main regulating channels are alleviating the financing constraints of enterprises and reducing the risks of capital chain and supply chain.Therefore,it is suggested that at present when the negative impact of external uncertainty is gradually increasing,we should pay attention to the role of supply chain finance in promoting the transformation of the processing and manufacturing industry,and give play to the service function of supply chain finance from aspects of both providing capital support and stabilizing and strengthening the supply chain.
万方数据