the outbreak of covid-19 has a great impact on the global industrial chain and supply chain, and the domestic industrial chain is also deeply involved. in this context, the industry chain to drive the resumption of production has become a priority. according to relevant data, as of march 28, the national average operating rate of industrial enterprises above designated size had reached 98.6%, and the average rate of personnel returning to their posts had reached 89.9%.
however, industrial chain enterprises to resume work still need to link through the capital chain. taking the construction industry as an example, due to the financial pressure of upstream and downstream enterprises unable to deliver raw materials on time, the progress of the construction industry has been affected. in order to solve this problem, supply chain finance has become an important way for banks to provide industrial chain collaborative financial services.
"if core enterprises want to resume production, they should not only solve their own financing problems, but also focus on the coordination between the upstream and downstream," an official from the bank of communications' corporate department told china business daily. in addition to providing credit support to core enterprises, banks should also play the pivotal role of core enterprises. through cooperation with core enterprises, they can inject credit funds upstream and downstream in the form of structured financing, so as to promote the joint resumption of work and production of small and medium-sized enterprises from upstream and downstream.
industrial chain "blocking point" to be dredged
at present, the epidemic situation in china is basically under control. how to quickly realize the resumption of work and production is a top priority, and the industrial chain provides a better solution.
since the ministry of commerce proposed to accelerate the resumption of work and production of the whole industrial chain, the ministry of industry and information technology has also proposed to "fully promote the coordinated resumption of work and production by the manufacturing industry chain". second, focus on leading enterprises, grasp the industrial chain coordination; third, focus on small and medium-sized enterprises, grasp the rescue solution; fourth, we will focus on key regions and keep the fundamentals stable.
however, the reporter noted that there are still some problems in the process of promoting the industrial chain to resume production. take the construction industry as an example. affected by the epidemic, the industrial chain of the construction industry almost stagnated, affecting both the production and circulation of materials and the employment of construction workers.
the reporter understands in the interview, as the staff returns to duty in succession, the construction industry returns to normal operation condition gradually. a person from the engineering department of one of the world's top 500 real estate enterprises said, "we basically resumed work on march 20. when construction companies first started to return to work, many workers were either under strict local control or unwilling to come, resulting in a shortage of positions. "the government is concerned that the cluster of sexually transmitted diseases will lead to frequent inspections on the construction sites and shutdown if the standards are not met, which will lead to labor loss."
however, in the capital chain, the upstream and downstream enterprises of construction companies cannot deliver raw materials on time due to financial pressure, which also affects the normal operation of the whole industrial chain. "for example, upstream enterprises lack of stock funds, unable to deliver raw materials on schedule, downstream enterprises working capital constraints, unable to place orders resulting in a shortage of orders, raw materials, will affect our resumption of production.
the reporter learned from the bank of communications that the bank aimed at the characteristics of the broad radiation of the construction industry, "chain finance" as the starting point, in order to rely on the core enterprises to promote the chain enterprises, the construction industry to inject credit funds; strengthen the combination and application of products. centering on the characteristics of more purchase payment, more bidding and more salary agency in the construction industry, integrate the letter of guarantee and salary agency with bill financing and accounts receivable financing as the core.
according to the introduction, the whole plan to solve the bottleneck of upstream suppliers to obtain funds for the main body, suppliers can by the accounts receivable, notes receivable formed after the supply of construction enterprises directly to the bank financing, no need to declare credit.
from the ground, in 2 ~ 3 months, the bank and china construction, china building, zhongtiejian 172 construction companies such as cooperation, actively use "chain of financial support for construction companies and its upstream and downstream to return to work and production, covering the upstream and downstream partners, more than 520, handle the financing of more than 1300 pen, injection of credit funds of about 3 billion yuan.
increase supply chain financial support
in fact, several industrial chains, including the construction industry, are faced with the problem of capital chain tension in the process of resuming production. the situation has also drawn the attention of regulators.
on march 26, silver china insurance regulatory commission issued the notice on enhancing industrial chain synergy return to work and production financial services ", for enterprises, since the return to work and production part industry chain upstream and downstream enterprises are faced with the pressure of cash flow problems, leads the bank insurance institutions to enhance financial support and services, flow unimpeded industry chain, improve industrial chain coordination to return to work and production overall effect etc. put forward the specific measures, including requirements strengthen industrial chain core enterprise financial support. support core enterprises to reduce the capital occupation of upstream and downstream enterprises in an appropriate way after financing by means of credit and bonds, and help small, medium and micro enterprises in the upstream and downstream of the industrial chain to solve liquidity problems.
supply chain finance has become an important means for banks to assist industrial chain to resume production. "generally speaking, the capital flow on the industrial chain has a characteristic that the core enterprises of the industrial chain occupy the capital both upstream and downstream. and these upstream and downstream small and medium-sized enterprises because of insufficient assets, lack of complete materials, such as financing difficulties, financing expensive problems. through supply chain finance, banks provide credit to their upstream and downstream enterprises based on the credit of core enterprises, which not only solves the financing problem, but also reduces the financing cost.
then, in terms of industrial chain coordination, how should banks adjust the approval process and credit granting?
the relevant person in charge of the bank for your told reporters that the bank can fully evaluate the credit of core enterprise and its radiation effect of upstream, for industry leading enterprises, its suppliers without credit, accounts receivable and notes receivable, you can access to bank financing, easy credit financing arrangements, strengthen the ability of vendor financing, solve the problem of the suppliers of financing difficulties, financing your; for downstream dealers, the bank provides credit support for the purchase of downstream dealers by issuing bank acceptance drafts, domestic letters of credit and advance payment financing. in the case that the dealer has obtained the goods, it can also relieve the financial pressure caused by the overstock by means of financing by inventory and warehouse receipt pledge.
in suning financial institute, a senior researcher pay lady, it seems, still need to supply chain upstream and downstream enterprises in-depth digital transformation, strengthen the ability of the underlying system, the wisdom ability of supply chain and the user operating ability, realize the whole supply chain system data completely through, gradually achieve upstream and downstream unity "four circulations" (logistics, information flow, cash flow, business flow). in this way, it can not only respond to various demands in the market in a timely manner, but also predict changes in the local market in advance, improve the efficiency of rationing and reduce inventory costs, and cater to the customized demands of the market in a more flexible and flexible way.
source: sina finance and economics