silver silver insurance regulatory commission recently issued "china insurance regulatory committee general office of supply chain finance service entity economy guidelines" (hereinafter referred to as "opinions"), clearly put forward to encourage the banking financial institutions to use the internet, the internet of things, chain blocks, biological recognition, artificial intelligence technology to build service chain upstream and downstream enterprises of the supply chain financial services platform, improve risk control techniques and models, innovation and development online financial products and services, the implementation of online examination and approval and lending, better serve the needs of corporate finance.
under the clear guidance of regulatory policy, supply chain finance will usher in a new round of development opportunities. in fact, in addition to the banking financial institutions, financial industry science and technology application in the field of supply chain finance will be more fully, technology companies on the market at present, the third party platform of supply chain finance enterprises should timely seize this opportunity, on the basis of compliance management to strengthen the construction of risk control and application of technological innovation, to better play to the supply chain finance in supporting the small micro enterprise, the role of the service the real economy.
tech firms chase after the herd
we will support the development of small and micro businesses
the release of the "opinions", focuses on the guidance of bank, insurance and other financial institutions to carry out the supply chain finance business, in the industry point of view, to develop the supply chain finance, the future trend of necessarily make a intelligent development of ecosystem, not only needs the guidance of the regulators and active participation of banking financial institutions and specification, also need to technology companies, logistics enterprises, the joint efforts of all participants, such as electric business platform.
at present, driven by the tide of internet technology, supply chain finance has better means of connection, financing and risk control, so that supply chain finance can help enterprises in the supply chain achieve industrial optimization and coordination, and enhance the control of financial risks while reducing costs and improving efficiency.
song hua, deputy dean of renmin university of china business school, said that combining the service means of fintech and supply chain finance is an important channel and way to effectively solve the problem of financing difficulty and high cost for small and medium-sized private enterprises. for example, new technologies such as the internet of things, natural language processing and machine vision can be applied to the supply chain to check the authenticity of bills, transactions and goods and other key issues in supply chain finance.
for technology companies and e-commerce platforms, their internet innovation factors are relatively strong, mainly relying on their flow advantages and technical advantages in data and information, and they have the ability to quickly enter and occupy a certain market space. for example, alibaba, suning and other internet e-commerce giants have developed related businesses in the field of supply chain finance, providing services to the core enterprises in the chain.
some emerging fintech companies, relying on their own technical advantages and service modes, provide financial risk control schemes for core enterprises, upstream and downstream small enterprises in the chain, banks and other financial institutions, so as to realize multi-level credit penetration and solve the problem of information asymmetry. in the industry, such as e-finance, the core platform is taken as the entry point to reach cooperation with vertical b2c platforms such as beibei, providing factoring financing services for merchants on the platform. on the one hand, beibei does not need to spend a lot of cost to build its own supply chain financial system, and provides a better financial environment for platform merchants through cooperation with technology companies. on the other hand, based on the core platform like beibei, technology companies can more easily understand the credit level of merchants, and then directly provide financial services for them to help them solve the financing problem.
risk-based
guarantee the authenticity of transactions
in fact, the core of supply chain finance is to transform the uncontrollable risk of a single enterprise in the industrial chain into the controllable risk of the whole supply chain enterprise, fundamentally changing the risk management mode. the development of supply chain finance needs to be based on real trade and transaction background.
it is noteworthy that the opinions put forward specific requirements on the overall risk management and control of supply chain finance, emphasizing the need to strengthen the overall risk management and control, strengthen the risk management and control of core enterprises, strengthen authenticity review, strengthen compliance management and strengthen the construction of information technology system.
song hua said frankly that the service objects of supply chain finance cover the core enterprises in the chain, including the upstream suppliers of the core enterprises as well as the downstream dealers and customers, which objectively involves many levels. if the cross-level supply chain management risk is not good, it is difficult to grasp the real trade background and enterprise information.
the application of block chain and other new technical means can solve the problem of transaction authenticity in supply chain finance. song hua said the chain block with a digital encryption, traceable, point-to-point communication, not tampered with multiple attributes, such as participating in the supply chain finance business scenario has a strong applicability, and can provide digital around the core enterprise of split, transfer registration service, and then achieve the core enterprise credit security level cross flow, accelerate the industrial chain of the whole capital turnover.
policy warm wind blowing
guide more money back into the real world
in fact, supply chain finance is in itself should be born industry development needs, the essence of which is around the core enterprise of supply chain, through the management of its upstream and downstream flows, logistics for enterprise credit, on the whole industry chain for liquidity squeeze supply chain enterprise services, services for small and medium-sized enterprises and the function of the real economy attribute, and promote the entity industry and finance efficient integration of service tools.
as an important lever of industrial structure adjustment, supply chain finance has been getting more and more support at the policy level in recent years. as early as 2017, the general office of the state council issued "guidance on actively promoting the innovation and application of supply chain", which clearly proposed to actively yet prudently develop supply chain finance and promote the overall improvement of china's supply chain development level. in 2018, the ministry of commerce, ministry of industry and other eight departments also issued a "notice of the pilot implementation of innovation and application of supply chain, put forward a nationwide pilot, to carry out the innovation and application of supply chain based on the effective prevention of risks in the supply chain finance business, provide safe passage for capital into the real economy, to meet the conditions of micro, small and medium enterprises to provide a relatively low cost, high efficiency and fast financial services.
this "opinion" also stressed the important role of supply chain finance in serving the real economy, proposed to develop supply chain finance, to focus on supporting in line with the direction of national industrial policy, focus on the real economy, advanced technology, market competitiveness of the industrial chain enterprises.
it can be predicted that, driven by a series of favorable policies, china's supply chain finance industry has a broad prospect. industry experts said that in the future, with the development of information technology, traditional industries will be off to internet industry, using block chain, big data, such as artificial intelligence technology to build a better financial services supply chain scenario, let technology to industry, is bound to lead more funds to service the real economy, promote the manufacturing supply chain services to the industry supply chain transformation, increase the value of the supply chain.
source: financial times