【正文】
istics operations which applies various financial products to implement effective integration of the logistics, from capital flow and information flow, to organize and regulate the currency and capital movement in the supply chain operations to get a better capital efficiency of business activities. In a narrow sense, FL is a services process that the banking and the thirdparty logistics service providers in the supply chain operation provide financing and billing services. It also can be understood as the corporate finance services with the help of logistics enterprises, ., the inventory and accounts receivable financing in the participation of logistics enterprises. In accordance with the different objects of financing and the different phrases and ways of the production and operation of products, the mode of FL business can be divided into two categories, one of is FL mode based on the inventory, and the second is based on the trading financial contracts . FL business mode based on the inventory mainly refers to the enterprises which need financing, take their stock as mortgage and transfer the storage to intermediary panies (logistics enterprises) to obtain a credit loan. Such operations can not only happen in the process of sale, but also be presented i n the procurement. The FL business mode based on trade contracts mainly refers to the enterprises, which need shortterm funds for its continuous development and ease the financial deficiency, that obtain the operation capitals through specific operating procedures by trade contracts. Review the trend of China39。s FL innovations development in recent years, it is easy to see that FL business mode based on the inventory develop quickly, while the mode based on the trade contracts is still in the process of introduction by foreign logistics enterprises. Whereas, from the angle of the participants, the lenders have developed from purely mercial banks to the guarantee agencies and insurance agencies. The logistics enterprises, moreover, have developed from panies with single storage capital to the thirdparty logistics, agency and chain management. At the same time, the loan applier is extending, which is from circulating corporation to circulation and producer . Clearly, the potential of FL’s development is enormous, which has farreaching significance for materials circulation of the society. 3. THE SIGNIFICANCE OF FINANCIAL LOGISTICS BUSINESS In the processes of circulation, many different kinds of problems have been solved in the practice of FL, which can receive lots of economic and social benefits. FL means a lot for the logistics enterprises. On one hand, the new service not only increase the value of service but also improve the operating efficiency of the supply chain, finally stabilize and attract