at present, the discussion and practice of supply chain finance continue to deepen. not only banks, trust companies and other traditional financial institutions, but also internet companies, e-commerce platforms and online lending platforms take it as one of the driving points of the exhibition industry. financial times reporter has learned that in a supply chain system, blockchain, cloud computing, big data, internet of things and other technologies are usually relied on, plus the deep cultivation of a specific industry, so as to realize the service of "chain" enterprises.
how do "chain" companies get financing
in the traditional mode, most of the loans to smes by financial institutions require collateral or guarantee as a means of risk control. compared with large enterprises, msmes' information is more opaque, and they usually cannot provide adequate guarantee or collateral. they lack hard information such as corporate financial statements that can be easily transmitted, which is one of the reasons why small and micro enterprises are difficult to obtain financing from traditional channels.
so how do "chain" companies get financing? theoretically speaking, compared with the traditional credit model, supply chain finance provides financing and other services for upstream and downstream enterprises of the supply chain based on real business scenarios and relying on the credit guarantee of core enterprises. for example, in a scientific and technological enterprise of supply chain financial chain, through a certain contract implementation mechanism and technical means, to obtain the core enterprise and supply chain on the operational data of the enterprise, including accounts receivable, advance payment, stock liquidity, on this basis, to the enterprise to provide the corresponding design and financing arrangements.
according to luo chuan, chairman of daokoudai, small and micro enterprises are mostly labor-intensive enterprises, and business risks mainly depend on the personal quality and business ability of the operators as well as local market conditions. "depends on the supply chain of real trade background, not only attaches great importance to the tangible assets of the enterprise evaluation, and by means of the internet financial technology, entrepreneurial spirit of enterprise, enterprise reputation, moral risk and credit history, etc. some invisible, traditional evaluation methods are difficult to quantify evaluation of" soft information "accurate assessment, set up is not dependent on mortgage-backed credit system." the town of bowang said.
many industry insiders say that core enterprises can not only consolidate the strategic cooperation relationship with upstream and downstream partners in the supply chain, relieve cash flow tensions such as suppliers, but also reduce the payment pressure of the company and its subsidiaries such as accounts payable. at the same time, it solves the financing problem of the upstream and downstream partners of core enterprises, and achieves the balanced development of both ends of the supply chain.
industry-based empowerment
in supply chain finance, the choice of core enterprises and industries is particularly important.
it is known that daokoudai has chosen agriculture, animal husbandry, retail, food and beverage and other livelihood related fields, and its core supply chain enterprises have reached 102, involving the upstream and downstream medium, small and micro-sized enterprises and self-employed enterprises reached 8008.
"the source of the platform's assets is important." liu chao, ceo of damai finance, which focuses on supply chain finance, said that supply chain finance can improve the credit of medium, small and micro enterprises in the supply chain by virtue of the credit of core enterprises, and the stability and control of core industries and underlying assets. only in this way can supply chain finance play a good role in promoting real economy industries while expanding small and micro financing channels. enterprises mainly engaged in supply chain finance should conduct in-depth exploration in some fields they are familiar with or have resource advantages. if they involve too many fields, they cannot effectively control risks.
it is reported that shanghai coal exchange and shanghai qigun technology have jointly developed and operated a supply chain financial platform based on the coal industry -- "coal gold trading chain". after the "coal trade gold chain" platform has completed the first single coal based on block chain commodity trading spot all process, using block chain technology for coal trading full approval and check true and chain on the record, at the same time to build trust in unsecured by love, unsecured, technique based on block chain financial liquidity, securitization transactions.
the core issues that need to be addressed
liu chao believes that the difficult penetration of underlying assets is the key to the difficult control of supply chain financial risks. therefore, it is particularly necessary to pay attention to the authenticity and quality of the underlying assets. "all kinds of transfer lists of relevant assets, including inbound and outbound receipts, and evidence of fund transactions, should be authentic and well documented."
however, some industry insiders put forward that the main participants of supply chain finance are still traditional financial institutions, and the biggest problem facing online loan or other fintech enterprises is whether they can find reliable core enterprises. generally speaking, the core enterprise is in a strong position, is not willing to do credit endorsement for upstream and downstream enterprises, unless the network lending platform has a strong relationship with the core enterprise. in addition, online loan financing from the c end and transfer to small and medium-sized enterprises, the cost of capital acquisition is relatively high, also facing a large uncertainty.
bowang said, to effectively control the enterprise possible risk of default, the use of the internet, "crossing is borrowed" take the information for the practice of full disclosure, the enterprise credit and credit enterprise actual controller are binding, via the internet to the financing subject and capital flow to the implementation of timely information release, the full disclosure of social binding and create credit data model, or to create an entirely new financial.
source: china financial news