on december 17, 2019, during the release ceremony of the third china internet finance forum and china internet finance annual report 2019, china supply chain finance digital information service platform (hereinafter referred to as the platform) was officially put into operation. in order to implement the relevant arrangements of the cpc central committee and the state council on financial services for the real economy and support the healthy development of small and micro enterprises, this platform is an industry infrastructure of "extensive consultation, joint construction and shared benefits" of all participating units, and another important measure of "service supervision, service industry and service society" of the association.
in recent years, with the rapid development of supply chain finance and fintech, china's "internet supply chain finance" has developed rapidly, playing a more and more significant role in alleviating the financing difficulty and high cost of smes. however, with the rapid development, problems such as excessive reliance on core enterprise credit transfer, investment waste caused by repeated construction of data platform, incomplete enterprise commercial credit evaluation system, and difficulty in credit transmission and multi-level penetration are gradually exposed.
in this context, the association established the "internet supply chain finance" working group in july 2019, and then formally launched the platform construction work. platform through a comprehensive collection, sorting, processing of micro, small and medium enterprises based on supply chain and the industrial chain of complete information, standardization of data processing and deep processing, for enterprises to carry out a multi-level, micro, small and medium enterprises panorama network map construction, strive to solve the current financial institutions can't accurate identification of micro, small and medium enterprises of the production and business operation and financial status, access to information, effective information, less reluctant to borrow, not to borrow, not to borrow, to provide society with unified, safe and efficient supply chain finance digital information service.
at present, the platform has realized the first phase of functions, providing enterprise comprehensive analysis services and customer due diligence services. enterprise comprehensive analysis service through the integration of industrial and commercial, judicial, tax invoices, electricity and other public data, warehousing, logistics, erp enterprises and other industrial data, based on the trade and financial data of the upstream and downstream industry chain, in-depth processing to form a comprehensive analysis report; due diligence services to customers in the traditional data sources, biometrics, digital certificate three channels as the core architecture, integration of the personal information check, operators check check check, bank card information, business information, legal information check, face recognition, voice print recognition and other services, achieve personal and corporate information query and check the one-stop access. at the same time, the accounts receivable billing function has been developed, planned to be online in the near future. through the connection with shanghai clearing exchange, it provides supply chain financial platforms in the market with negotiable instruments such as issuance, acceptance, endorsement and transfer of supply chain bills, as well as value-added services such as enterprise authenticity verification, trade background authenticity verification, and enterprise credit risk warning.
by december 2019, the platform had connected with more than 260 prospective institutions, of which more than 60 institutions had been online. in the future, the platform will continue to access social security, education and other multidimensional data sources, improve the multi-level portrait of the enterprise, build the enterprise panorama map, and on this basis, provide transaction matching, risk control, risk warning and other services; gradually realize the transaction and securitization services of accounts receivable, warehouse receipt, inventory, intellectual property and other movable property suitable for internet financial business, and explore the establishment of the application subsystem of supply chain finance based on block chain technology.
in addition, the "internet supply chain finance" working group is organizing and formulating a series of business norms, business guidelines and technical standards, and will gradually establish the overall institutional framework of self-regulatory management to adapt to the digital development of china's supply chain finance.
in the next step, the association will continue to focus on the responsibilities of "service supervision, service industry and service society", accelerate the arrangement of work related to supply chain finance, promote the development of inclusive finance, and better provide financial services for the real economy and smes.
source: sina finance and economics