Why Does CCTV Focus On The Online Supply Chain Financing Mode?

Recently, net Sheng business treasure (Stock Code: 002095, SZ) held a strategic cooperation signing ceremony with the Zhejiang branch of Bank of communications.

The two sides have intensified cooperation to speed up the integration of industrial Internet and supply chain finance, and explore solutions to problems such as triangular debts among enterprises, financing difficulties of small and medium enterprises, high financing, and lack of real finance.

In this strategic cooperation, the Bank of communications Zhejiang branch and the network Sheng business treasure will launch an all directional, multilevel and multi-level cooperation. The two sides have launched the "supply chain financing" product for the SME online trading cooperation, and actively explore new business models on the basis of financial innovation, compliance management and risk control, support the real economy, and provide high-quality financial services for small and medium enterprises.

It is reported that the project is a successful example of the small and micro financing service developed by the first joint branch of the Bank of communications system and the cooperation with the Internet companies. It has a strong market demonstration effect in such aspects as platform docking, batch acquisition, capital closed-loop, system building and optimizing loan.

(photo: business treasure and Communication Bank Zhejiang branch strategic cooperation signing ceremony)

In this regard, Sun Deliang, chairman of Internet business treasure, said that the strategic cooperation between business treasure and Bank of communications is mainly based on the innovative mode of online supply chain finance, which can effectively alleviate the financing difficulties and financing problems of small and micro enterprises.

Unlike the general supply chain finance business, business treasure online supply chain finance is the combination of Internet and supply chain finance. It is based on the online closed trading platform, the online financing guarantee platform, the online trading credit platform, the online wind control platform and the grand data platform's "closed loop" system. With the support of big data, the online application of loan application, credit approval, loan issuance, loan monitoring, loan use and loan return has been realized, providing credit lines and bank loans for enterprises in the upstream and downstream industries of the industrial chain.

Changle branch of the Zhejiang branch of the Bank of Communications said that the cooperation between Bank of communications and net Sheng business treasure is to solve the most serious problem of information asymmetry in the financing of small and micro enterprises by innovating the service mode of small and micro enterprises and utilizing the information of massive core enterprises and downstream purchasing enterprises.

In recent years, the Zhejiang branch of Bank of communications has increased the innovation of inclusive financial services and products. In addition to developing online supply chain finance business with the net Sheng business treasure, it will also use the Internet, big data, biometrics and other technologies to achieve the functions of online signing, online approval, user management and other functions of small and micro businesses, and build a small and micro business intelligent operation mode.

At present, the financing difficulties of SMEs in China are serious.

Data show that the financing demand of 50 thousand small and medium-sized enterprises in China is estimated to be US $4 trillion and 400 billion, equivalent to 40% of China's GDP in 2015, accounting for about half of the total financing needs of developing countries in the world, and 4 of China's small and medium enterprises are subject to credit constraints. The financing difficulties of SMEs in China are serious and innovative financial services mode is imperative.

Under the traditional supply chain finance mode, information asymmetry is still the biggest problem.

For the core enterprises on the chain, the upstream enterprises' financing will increase their purchasing cost, and the difficulty of downstream enterprises' financing will affect their return speed and the whole supply chain efficiency is low. For small and medium-sized enterprises, the credit of the core enterprises is difficult to pmit to the suppliers with more than two level and loans are difficult. For small and medium-sized banks, because of the difficulty of credit penetration, the risk control problems of the downstream dealers can not be solved, and they are trapped in the dilemma of "not dare to lend".

(photo: Bao Fei, vice president of Zhejiang branch of Bank of communications, interviewed by CCTV financial channel "economic half-hour")

In order to solve the problem of capital demand in the block trading process, business treasure launched the financing service platform "net Sheng financing" in 2015, and coordinated several banks to launch online financing products for SMEs based on supply chain.

After four years of market operation, the business mode of online supply chain finance has matured and improved.

To some extent, Internet supply chain finance has solved the financing problems of small and micro enterprises which are highly concerned by governments at all levels, as well as the difficulties faced by banks, such as difficulty in obtaining customers, high cost and high risk.

In February 1, 2019, the CCTV financial channel "economic half-hour" column made a special report on the project of cooperation between the online trading platform and the Bank of communications. As a model to explore and solve the financing difficulties and financing of small and micro enterprises, it was affirmed by all sectors of society in Zhejiang.

According to introducing, net prosperous business treasure is the domestic industry internet and supply chain finance solution provider, at present basically completed the electricity business, data, paction, finance, logistics strategic ecological construction, aimed at creating the Internet based on the supply chain, logistics, financial industry internet big ecosystem.

In recent years, the Zhejiang branch of Bank of communications has also increased the innovation of inclusive financial services and products. With the help of big data and external credit enhancement tools, it has launched POS loan, tax financing, excellent loan, Shou heavy loan and other credit loan products. At the same time, it has strengthened cooperation with the Internet platform, and innovating the online supply chain financing mode of small and micro enterprises.