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To the opinion of the author, supply chain finance should be understood from both a narrow and a broad perspective. In a narrow sense, supply chain finance refers to short-term lending to specific SMEs in specific links based on supply chain operations, such as: finance based on accounts receivable and payable (standard factoring, reverse factoring, forfaiting, etc.), finance based on inventory (warehouse receipt pledge, inventory pledge, etc.), and finance based on advance payment (confirming storage financing, etc.). It can be regarded
as a point-to-point (i.e., lender-to-borrower) relationship generated in a supply chain operation scenario. However, supply chain finance in a broad sense is not exclusively for specific SMEs, but for all the participants in the supply chain. In addition, the purpose of these supply chain finance activities is limited not only to financing but also to optimizing the capital flow in the whole supply chain through various financial means, so as to facilitate the supply chain operations, improve the efficiency of industrial operations, and ultimately improve industrial competitiveness. He believes that the perspective of broad supply chain finance is more suitable to reflect the requirements and trends of finance in aspect of serving the real economy. Based on this understanding, supply chain finance can not only be widely used in various segments such as industry, agriculture, commerce, and recycling economy in rich forms but also promote the innovation and reform of finance. In other words, the development of supply chain finance will definitely drive the development of financial supply chain after the former reaching a high level.