on july 3, the founding conference of shenzhen supply chain finance association was held and officially unveiled. it is reported that this is the first supply chain finance association in guangdong-hong kong-macao greater bay area. wu you, deputy secretary-general of shenzhen municipal government, attended and addressed the congress. wu you pointed out that, as the birthplace and gathering place of domestic supply chain finance, shenzhen has developed into one of the most developed regions of domestic supply chain finance, and the supply chain finance should be made into a new "city card" of shenzhen. in the future, the association will make full use of financial technology to effectively solve the financing difficulties of small, medium and micro enterprises, and promote the development of shenzhen supply chain finance industry in terms of standards, standards and specialization.
supply chain finance escorts the development of smes
the so-called supply chain finance refers to the financial services provided for upstream and downstream enterprises in the industrial chain by centering on core enterprises, relying on the credit of core enterprises and taking real transactions as the background. the rise of supply chain finance stems from the financing difficulties of smes. china's domestic supply chain finance started relatively late. shenzhen development bank (now ping an bank) first opened cargo charging business in shenzhen in 1998, and systematically put forward and promoted supply chain finance concept and trade financing combination in china in 2002.
it is known that shenzhen has a developed real economy and active financial innovation. it has not only a large number of financial institutions actively carrying out supply chain finance, but also more than 80% of the headquarters of enterprises providing supply chain management services, as well as a large number of supply chain entities with rich types. various market entities related to supply chain finance have formed an ecological cluster in shenzhen, which has the industrial basis and strong demand for the development of supply chain finance. for a long time, ping an bank, china merchants bank, industrial and commercial bank of china and other well-known financial institutions have built a complete supply chain financial products and services system around the supply chain.
in order to facilitate the economic construction of guangdong-hong kong-macao greater bay area, shenzhen municipal financial supervision and administration issued and implemented the opinions on promoting the financial development of shenzhen supply chain on january 14, 2019. aiming at the problem of how to guarantee the healthy and orderly development of supply chain finance, shenzhen supply chain finance association, initiated voluntarily by 38 banks, financial institutions and supply chain core enterprises in shenzhen, including ping an bank, tencent, yiyatong and shenzhen china nuclear power group, came into being, led by shenzhen local financial supervision and administration bureau. the birth of this self-regulatory organization with local, industrial and non-profit characteristics has aroused social attention. in the future, the association will guide more physical enterprises to join the association and build more platforms and bridges between the capital and asset sides.
innovative supply chain finance attracts more high-quality enterprises to settle in shenzhen
with big data, cloud computing, 5g communication and other technologies breakthrough multiple drivers, a new generation of supply chain management and supply chain finance can be effectively implemented. research data show that in the next five years, the annual compound growth rate of china's supply chain financial market size will exceed 20%. innovation of supply chain financing mode will be an important breakthrough to solve the financing difficulties of smes.
shenzhen supply chain finance association is committed to set up supply chain financial standards, strengthening industry self-discipline, maintaining the legitimate rights and interests, promoting talent cultivation, the construction of public service platform, but also as a government aide, interpretation to the enterprise policy, construction industry communication mechanism, and guide the fund set up industry, boost financial supply chain enterprises and capital market, to create 5 a social organization.
it is noteworthy that shenzhen supply chain finance association will build the global supply chain finance bbs high-end innovation development summit in the near future. at that time, financial institutions and real industry will join hands to build an international supply chain finance highland and help the real economy explore the future and innovative application. to help the supply chain finance industry to build a good ecology, the association will also focus on maintaining the "supply chain financial technology platform" and "entrepreneurship and innovation financial services" two major platforms, the supply chain financial resources can be shared. the establishment and operation of "supply chain finance development fund" will also be committed to solving the financing problems of smes, increasing investment in core manufacturing enterprises and supply chain finance supporting service institutions, and serving the real economy.
source: tonghuashun finance and economics