according to the government work report, the real economy, especially private enterprises and small and micro businesses, should be effectively alleviated from the problem of difficult and expensive financing. zhang jin, a member of the cppcc national committee and chairman of the board of directors of cedar holding group, called for accelerating the development of supply chain finance and solving the financing difficulties of private enterprises, small and micro enterprises.
'the financial system dominated by commercial banks is mainly secured by real estate, while the assets of private enterprises and small and micro enterprises are mostly chattel, so it is difficult for banks to raise funds,' mr. zhang said. and financial supply chain can be based on real trade background, the use of operating speed and strong cashability of liquid assets (inventory, accounts receivable, prepaid accounts and notes receivable) as the first repayment guarantee, for the design of financial products, release along the supply chain core enterprise's credit, help to the lack of real estate in the chain of private enterprises and small micro financing companies depend on liquid assets.
zhang jin suggested that multiple measures should be taken to vigorously develop supply chain finance. one is to provide policy support while strengthening supervision, and give tax incentives and financial support to financial institutions, core supply chain enterprises, logistics enterprises and other participants in supply chain finance. second, it is suggested to formulate supporting policies to encourage commercial banks to set up specialized branches of supply chain finance, cooperate with core enterprises of the supply chain, have a deeper understanding of the trading relationship between enterprises of the supply chain, more effectively grasp the logistics, capital flow and information flow, and constantly expand the breadth and depth of financial support. third, the establishment of supply chain financial investment funds. we will increase investment in core supply chain enterprises and other supply chain financial service institutions, strengthen their capital strength, and provide a solid capital foundation for the development of supply chain finance. in addition, a public service platform for supply chain finance should be established to realize information sharing among all participants. supply chain finance industry association was established to formulate standards. improve relevant laws and regulations to provide legal guarantee for supply chain finance.
source: economic reference network