Supply　chain　finance　plays　an　important　role　in　alleviating　the　fund　shortage　of　small　and　medium-sized　enterprises　and　optimizing　the　fund　flow　of　supply　chain.　At　present,　the　development　of　supply　chain　finance　is　facing　an　important　point:　The　Corona　Virus　Disease　(COVID-19)　has　a　wide　impact　on　the　global　economy,　which　not　only　generates　the　strong　demand　for　supply　chain　finance,　but　also　brings　new　uncertainty.　At　the　same　time,　the　accelerated　development　of　Fintech　provides　more　possibilities　and　tools　for　supply　chain　finance　model　innovation　and　risk　management.　This　paper　summarizes　the　current　situation　of　supply　chain　finance　from　two　aspects　of　practical　development　and　theoretical　research,　and　analyzes　its　future　development　trend.　First　of　all,　the　practical　development　of　supply　chain　finance　is　sorted　out　and　divided　into　four　stages　for　analysis.　Secondly,　with　the　help　of　bibliometrics　tools,　this　paper　analyzes　and　compares　English　and　Chinese　literature,　and　summarizes　the　theoretical　research　status　from　three　aspects:　Theoretical　basis,　optimization　decision-making　and　risk　management.　Finally,　there　are　three　development　trends　of　supply　chain　finance　in　the　future,　that　is,　the　formation　of　healthy　network　ecosystem　is　an　important　basis　for　the　development　of　supply　chain　finance,　the　adoption　of　modern　Fintech　enabling　is　a　powerful　tool　for　the　development　of　supply　chain　finance,　and　bearing　the　social　responsibility　of　sustainable　development　is　the　long-term　goal　of　supply　chain　finance　development.　Meanwhile,　it　gives　five　key　research　issues　that　deserve　attention.　©　2020,　Editorial　Board　of　Journal　of　Systems　Engineering　Society　of　China.　All　right　reserved.