福建省市政工程施工企业供应链融资模式构建研究
中文摘要
改革开放以来，我国建筑业持续发展，行业实力和对经济社会的贡献度显著提升。
根据中国统计年鉴数据，我国建筑业总产值占国内生产总值的比重已由1980年的
6.25%上升为2019年的25.07%，根据中国建筑业协会统计，2019年福建省建筑业完
成产值共计13164亿元，位列全国各地区总产值排序第七，建筑业产值占福建省生产
总值的比重为31.05%，建筑业在我国和福建省经济中发挥着重要作用，支柱产业地
位稳固。然而市政工程施工企业由于盘子大、作业环境复杂、工程较为集中等特殊性，
仍然面临着预付款比例低、进度款结算付款周期长、资金短缺、企业融资难融资贵等
问题。尽管近年来我国大力推行BT、BOT、PPP等经营模式，对于转变行业经营方式
取得了一定成效，但由于施工企业担保能力不足、融资渠道过于单一等原因，施工企
业在实际发展中作为个体难以获得金融机构授信的现象没有改变。供应链金融是以供
应链上的资金流、信息流、物流为基础，为链上企业提供结算、融资等综合性金融服
务，强调交易背景的真实性和合作企业之间的稳定性，淡化了单个企业融资的资质要
求，对于解决施工企业融资难题具有重要意义。
本文以福建省市政工程施工企业为研究对象，首先梳理了国内外学者对于供应链
金融和施工企业融资的研究现状，以问卷形式调查福建省市政工程施工企业融资情
况，提出当前融资存在的问题并进行成因分析。在此基础上，紧密结合福建省市政工
程项目主要特点和供应链融资基础模式及特征，进行福建省市政工程施工企业供应链
融资模式构建可行性分析。最后，以电子商业承兑汇票为立足点构建福建省市政工程
施工企业供应链融资模式，进一步阐述“电子商票货币化”供应链融资模式的构建思
路、操作流程、优势特点以及该模式实施的保障对策。
通过本文的研究，在福建省市政工程项目中构建起“电子商票货币化”供应链融
资模式。在该模式中，代建单位凭借企业资信--票据签发--背书转让--到期兑付的模
式，实现了零成本融资，链上施工企业可以凭借代建单位资信度实现低成本融资。该
模式以电子商业承兑汇票作为支付、融资工具，以票据信用代替传统挂账信用，具有
司法保障性强、权利义务明确、可约期付款、可质押转让等优点，以期解决福建省市
政工程供应链上的应收账款，化解链上企业应收应付账款困局，有效缓解施工企业资
金压力。
关键词：市政工程，施工企业，融资模式，供应链金融
I

Study on the construction of supply chain financing
model of municipal engineering construction
enterprises in Fujian Province
Abstract
Since the reform and opening up, China's construction industry has continued to
develop, and its strength and contribution to the economy and society have been
significantly improved. According to the data of China Statistical Yearbook, the proportion
of China's construction industry's total output value in GDP has risen from 6.25% in 1980
to 25.07% in 2019. According to the statistics of China Construction Industry Association,
In 2019, Fujian's construction industry completed a total output value of 1316.4 billion
yuan.It ranks seventh in the total output value of all regions in the country, and the
proportion of construction industry output value in Fujian's GDP is 31.05%. The
construction industry plays an important role in the economy of China and Fujian Province,
and its position as a pillar industry is stable. However, due to the particularity of municipal
engineering construction enterprises, such as large scale, complex working environment
and relatively concentrated projects, municipal engineering construction enterprises are
facing many difficulties.It still faces the problems of low proportion of advance payment,
long payment cycle of progress payment settlement, shortage of funds, and difficult and
expensive financing for enterprises. Although in recent years, China has vigorously
implemented BT, BOT, PPP and other business models, which have achieved some results
in changing the mode of operation of the industry, due to the lack of guarantee capacity of
construction enterprises and the single financing channel, the construction enterprises have
not been able to do so.The phenomenon that construction enterprises, as individuals, are
difficult to obtain credit from financial institutions in their actual development has not
changed. Based on the capital flow, information flow and logistics in the supply chain,
supply chain finance provides comprehensive financial services such as settlement and
financing for enterprises in the chain, which emphasizes the authenticity of transaction
background and the stability of cooperative enterprises.It weakens the qualification
requirements of individual enterprise financing and is of great significance for solving the
financing problems of enterprises.
This paper takes the municipal engineering construction enterprises in Fujian
Province as the research object, firstly combs the research status of domestic and foreign
II

scholars on supply chain finance and construction enterprise financing, investigates the
financing situation of municipal engineering construction enterprises in Fujian Province in
the form of questionnaire, puts forward the current financing problems and analyzes the
causes. On this basis,Closely combined with the main characteristics of municipal
engineering projects in Fujian Province and the basic mode and characteristics of supply
chain financing, the feasibility analysis of supply chain financing mode for municipal
engineering construction enterprises in Fujian Province is carried out. Finally, based on the
electronic commercial acceptance bill, the supply chain financing mode of municipal
engineering construction enterprises in Fujian Province is constructed.This paper further
elaborates the construction idea, operation process, advantages and characteristics of the
"electronic commercial ticket monetization" supply chain financing mode, as well as the
guarantee countermeasures for the implementation of this mode.
Through the research of this paper, the supply chain financing mode of "electronic
commercial ticket monetization" is constructed in the municipal engineering projects of
Fujian Province. In this mode, the agent construction unit realizes zero-cost financing by
virtue of the mode of enterprise credit-bill issuance-endorsement transfer-due payment, and
the construction enterprises in the chain can realize low-cost financing by virtue of the
credit of the agent construction unit.This mode uses electronic commercial acceptance bill
as a payment and financing tool, replaces traditional account credit with bill credit, and has
the advantages of strong judicial protection, clear rights and obligations, contractual
payment, pledge transfer, etc., in order to solve the accounts receivable in the supply chain
of municipal engineering in Fujian Province and resolve the difficulties of accounts
receivable and payable of enterprises in the chain.Effectively alleviate the financial
pressure of construction enterprises.
Key words: municipal project, construction company, financing
mode, supply chain finance
III
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