supply chain finance is generated under the background of financing structure division. we can often see the phenomenon of excessive credit granted by large enterprises and lack of financing for small enterprises. the development of supply chain finance alleviates the situation of this kind of financing structure division to some extent. in recent years, the state attaches great importance to the work of supply chain finance. all departments of the state have formulated and introduced a series of policies and measures focusing on the development of supply chain finance, taking supply chain finance as an important part of financial reform.
although supply chain finance has been developing for more than 10 years, the term "supply chain finance" first appeared in national policies in 2017 in the guidance on financial support for manufacturing power construction issued by the state council. financial institutions are encouraged to rely on the core enterprises of the manufacturing industry chain to actively carry out various forms of supply chain finance such as receivables pledge loans and factoring, so as to effectively meet the financing needs of the upstream and downstream enterprises of the industry chain, according to the opinions.
if 2017 is the golden year for china's supply chain innovation, then the announcement of the results of the national pilot cities and enterprises for supply chain innovation and application released in 2018 means that china's supply chain innovation pilot has entered a substantive stage.
summary of supply chain finance policies by region
the sustainable and healthy development of supply chain finance concerns the financing of smes. the central committee of the communist party of china (cpc) has repeatedly issued documents to convey to the provinces the construction of the supply chain financial system and the prevention of financial risks. in combination with the geographical location, economic structure and historical conditions of the provinces, the provinces have actively explored and sought for new breakthroughs in economic development.
1. northeast china
on february 22, 2018, the general office of the people's government of liaoning province mentioned in the implementation opinions on actively promoting supply chain innovation and application, promoting the supply chain finance to serve the real economy and information sharing. local credit information sharing platforms, financial institutions and core enterprises of supply chains should strengthen the exchange and sharing of credit information, and promote the report of shareable credit information from the provincial data exchange platform to the national credit information platform.
in october, general office of dalian municipal people's government issued "the general office of dalian municipal people's government of the implementation opinions on promoting innovation and application of supply chain", encourage commercial banks, such as supply chain core enterprise innovative financial service mode, develop with standardization and individualization of supply chain financing products, on the basis of to do trade authenticity background investigation, provide supply chain financing, trade financing, warehouse receipt pledge and other services, the supply chain upstream and downstream of micro, small and medium enterprises to provide efficient and convenient financing channels.
2. north china
on april 9, 2018, the general office of tianjin municipal people's government said that financial institutions are encouraged to make full use of tianjin pilot free trade zone policies and advantages of investment and financing platforms to attract multinational companies and boost supply chain financing business through cross-border supply chain trade. we will encourage financial institutions and other suppliers of supply chain finance funds to make a good job of checking the authenticity of the trade background of core enterprises in the supply chain and strengthen loan management and cash flow supervision. we will strengthen the monitoring of supply chain financial risks, urge banking institutions to improve their management of in-process and after-event risks, and ensure that funds flow to the real economy.
released in december, the people's government of shijiazhuang office of the general office of shijiazhuang city people's government of promoting innovation and application of supply chain implementation opinion "and encourage qualified commercial banks, financial service mode innovation of supply chain core enterprise development has standardized and personalized products, supply chain financing provides supply chain financing, trade financing, warehouse receipt pledge, such as financial services, the supply chain upstream and downstream of micro, small and medium enterprises to provide efficient and convenient financing channels.
3. central china
in december 2018, the general office of the people's government of henan province issued the implementation opinions on actively promoting supply chain innovation and application, encouraging supply chain enterprises to use equity investment funds and other financial instruments to increase investment in the supply chain field and integrate supply chain resources in a market-oriented way. encourage supply chain companies to go public and support supply chain companies that are positioned for global business to list overseas.
4. east china
introduced in june 2018, nanjing people's government at the general office of the municipal government of promoting innovation and application of supply chain system of the implementation opinions ", said to improve rural financial services, to promote nanjing "sunshine credit", the rural financial comprehensive service station construction, etc. the development of the rural financial business model, build a batch of city-level demonstration pilot project of modern agricultural science and technology innovation source, and the radiation source.
two months later, the shanghai municipal people's government issued the implementation opinions on the city's active promotion of supply chain innovation and application, pointing out that supply chain finance serves the real economy. commercial banks and supply chain core enterprises are encouraged to establish supply chain financial service platforms to provide efficient and convenient financing channels for small, medium and micro enterprises in the upstream and downstream of the supply chain.
5. south china
guangdong, guangxi, hainan and shenzhen have issued relevant policies, such as the implementation opinions of guangdong province on actively promoting supply chain innovation and application, the implementation opinions on actively promoting supply chain innovation and application, and the implementation plan of hainan province on accelerating logistics cost reduction and efficiency enhancement to promote real economy development. these policies all mentioned strengthening supply chain risk prevention and control and promoting supply chain innovation.
6. northwest china
shaanxi and gansu respectively introduced the implementation opinions on promoting innovation and application of supply chain ", "about promoting the implementation of the supply chain of innovation and application, and encourage the commercial banks mentioned in the file, such as supply chain core enterprise set up supply chain financial service platform, or development with standardization and individualization of supply chain financing products, can supply chain upstream and downstream of micro, small and medium enterprises to provide efficient and convenient financing channels.
7. southwest region
four provinces in the southwest have issued policies on supply chain finance. the notice on task division of implementing guiding opinions on promoting supply chain innovation and application in chongqing municipality and implementing opinions on actively promoting supply chain innovation and application in guizhou province emphasize the problem of supply chain risk prevention and control, and explore the improvement of supply chain system. small and medium-sized enterprises are encouraged to expand financing channels and supply chain enterprises are encouraged to join the people's bank of china in collecting accounts receivable financing service platforms, according to a document released by the provinces of yunnan and sichuan.
source: tencent