under the epidemic situation, the role of supply chain finance in helping smes to resume work is prominent. thanks to the remolding of fintech in recent years, supply chain finance has become a new trend of bank layout.
"the industry chain is linked, a link block, upstream and downstream enterprises are unable to operate." yang liping, chief inspector of the china banking insurance regulatory commission (circ), revealed a new direction at a press conference held by the state council yesterday, saying that the circ had recently conducted timely research on the implementation of key work related to the financial industry chain to coordinate the resumption of work and production, and encouraged policy banks and commercial banks to strengthen business cooperation with internet private banks.
"the daily production of disinfection solution increased from less than 120 tons to 240 tons." this is the highest production capacity of shenyang chemical since its establishment in 1982. during the epidemic prevention and control, in order to ensure market supply, the old chemical company worked overtime to produce epidemic prevention materials at full capacity, but faced difficulties in capital turnover of upstream and downstream enterprises in the supply chain.
at this time, industrial bank timely through the bill pool online financing for the payment of 57 million yuan, to help the enterprise to complete the payment needs of raw materials suppliers in many places. through such online supply chain financing services, customers do not need to visit the counter, online one-click completion.
compared with the traditional credit model, the supply chain finance runs out of anti-epidemic "acceleration", avoiding the enterprise financing "single combat".
industrial bank introduced that up to now, the bank has provided more than 1 billion yuan in supply chain financing for epidemic prevention and control enterprises in hubei, hunan, shanghai, shandong, liaoning and other regions, effectively promoting the cooperation of small and medium-sized enterprises in the industrial chain to carry out epidemic prevention and control and production recovery.
during the epidemic prevention and control period, many banks have fully played the role of their own supply chain finance platform. for example, zheshan bank promotes online services and facilitates the financing of core enterprises by using multiple platforms such as the receivables chain, so as to help the financing of large and medium-sized enterprises, and greatly facilitate the rapid resumption of work and production of industrial chains such as infrastructure, manufacturing and foreign trade as well as small and micro enterprises.
in the future, supply chain finance has huge development space. china's supply chain finance market is expected to reach 15.86 trillion yuan in 2020 and 19.19 trillion yuan in 2022, according to the institute.
in the ecosystem of supply chain finance, banks, as the capital side, are the key to smooth cash flow of the industrial chain. large and medium-sized banks, represented by industrial and commercial bank of china, agricultural bank of china, bank of china, construction bank, bank of communications and ping an bank, continue to make deep efforts in the field of traditional supply chain finance with the help of customer resources of core enterprises. on the other hand, weizhong bank, suning bank, netcom bank and zhongbang bank are the representatives of internet private banks. with their own financial technology strength and small and micro customer resources, they have developed smart inclusive finance and focused on online financing mode.
in the past two years, there are still many small and medium-sized banks in the field of supply chain finance. for example, bank of shanghai launched the online supply chain financial service platform "ascending e-chain" in 2018, and plans to realize 100 billion yuan of supply chain financial credit by 2020.
at present, in the upstream and downstream of the industrial chain of enterprises to resume production, the bank insurance regulatory commission encourages qualified banking financial institutions to develop the supply chain business system, through the core enterprises, government departments related systems, through the combination of online and offline ways to provide chain customers with convenient and efficient supply chain financing services.
source: shanghai securities news