as a capital circulation solution highly related to real transactions, supply chain finance focuses on the core enterprises in the supply chain and provides credit to enterprises in the entire industrial chain by managing their upstream and downstream capital flow and logistics, which is regarded as one of the powerful tools to solve the financing problems of smes.
at present, with the popularization and application of internet and other modern information technologies, technologies such as big data, artificial intelligence and block chain are exerting a transformative effect on the mode and ecology of supply chain finance. rose information technology co., ltd., president of market wang yanfu said in an interview with the financial times reporter, the applications of technology to supply chain finance, can build up a bridge between the industry scene and financial resources, the development of scenarios, online and digital supply chain finance business, help to better solve the problem of financing difficulties of small and medium-sized enterprises, create incremental value for the industrial chain, chain guide blocks better financial service the real economy.
policy frequency out of the trillion yuan level market to dig deeper
in recent years, the state attaches great importance to the work of supply chain finance, and has formulated a series of policies and measures to support supply chain finance innovation and application development.
in november, the national development and reform commission (ndrc) and 15 departments jointly issued the "about promoting advanced manufacturing and modern service industry development of the implementation opinions" depth fusion also explicitly mentioned, depending on the industry leading enterprise fund, the advantages of the customer, data, credit, development based on the real transaction background notes, accounts receivable, inventory, prepayments and financing, such as financial services supply chain.
driven by favorable policies, china's supply chain finance market welcomes a new round of growth. china's supply chain finance market is expected to reach 27 trillion yuan by 2020, according to statistics from the qianzhan industry research institute. supply chain finance has also become a competitive outlet for financial institutions, core manufacturers, e-commerce platforms and technology companies, with vast potential.
zhang chenghui, former director of the finance research institute of the development research center of the state council, said that the four trends of the future development of supply chain finance are: from a single type to multiple types of parallel development; from a single chain to the direction of platform development; from digital technology to the coexistence of a variety of financial instruments; the financing service of a node is covered by the financing service of a full cycle of the product.
in addition, supply chain financial assets securitization is also a business "blue sea". wang zhongmin, former vice chairman of the national social security fund council, believes that the securitization of supply chain financial assets can reduce the comprehensive financing cost at both ends of the supply chain, optimize corporate statements, balance the interests of the upstream and downstream enterprises of the supply chain, and promote the sound development of the closed-loop industrial chain.
new ways to help smes
in fact, based on the real transactions between core enterprises and upstream and downstream chain enterprises, supply chain finance integrates logistics, information flow, capital flow and other information, and can provide financing settlement, cash management and other comprehensive financial services for upstream and downstream smes in the supply chain.
however, in the business practice of supply chain finance, there are also some unsolved problems in how to precisely meet the needs of small and micro enterprises.
the factoring company practitioners told the financial times reporter, commercial factoring as an important part in the field of supply chain finance in china, the development of supply chain finance business, generally faced with two kinds of pain points: one is the service level generally high operating cost of sinking, process complex, often cannot take care of the supply chain of the secondary and tertiary level chain enterprises, the service scope is limited by a certain; second, the credit evaluation of chain enterprises is difficult, the risk control method is difficult to break through, the authenticity of basic transactions is difficult to verify, there are certain fraud risks and credit risks.
the intervention of scientific and technological means can effectively solve the problem of information asymmetry and resource mismatch at the industrial end and the capital end, gradually push the service scope deeper, provide services for more small and micro enterprises, and at the same time, help the capital side to build a good risk "firewall".
according to the reporter of the financial times, at present, there are already market institutions in the digital operation of supply chain finance. around a specific segmentation scenario, with software and b2b electronic business platform for cooperation with digital scene data of enterprise cooperation, through to the historical transaction data modeling evaluation, risk control model, building intelligent data analysis locking operation stable and controllable risk quality enterprises, thus providing better risk control scheme for money.
building on the momentum of blockchain applications blue ocean can be expected
from the perspective of block chain technology specific commercial landing scenario, supply chain finance is one of the most mature fields. in the field of supply chain finance, both ends of the supply chain can be extended by means of "block chain internet of things artificial intelligence" to provide financing business credit for upstream multi-level suppliers or downstream distributors and dealers.
industry insiders said that the distributed bookkeeping based on the block chain and the tamperable technical characteristics can make the credit in the whole business system traceable and transmissible, thus helping a large number of smes with financing difficulties to obtain more equal and efficient inclusive financial services.
in the past, the parties involved in supply chain finance would sign a series of offline texts to ensure the authenticity of the transaction, but the final and effective execution of the signed texts was often difficult to guarantee. besides, it was also difficult to obtain evidence and obtain recourse. the use of block chain distributed storage accounting mode, coupled with multi-level encryption mechanism, partition consensus protection mechanism and timestamp technology, can effectively improve the integrity of signed text data and not tamper.
existing technology companies in the industry have made efforts to develop and utilize blockchain in supply chain finance. for example, in the field of receivables financing, some companies have set up a blockchain accounts receivable financing platform, developed electronic vouchers of the blockchain accounts receivable, and transformed enterprise accounts receivable into electronic payment settlement and financing tools.
and institutions will block chain traceability platform, through research and development products from raw materials to production and processing, sales and circulation process of data chain store, and the product identity authentication, data binding with the identity of the specific participants to implement the data of the whole flow back, to help fund to implement effective regulation of circulation of products. according to "financial times" reporter understanding, jingdong number division began in 2016 in the field of block chain layout, focus on supply chain management and financial fields such as digital, jingdong for export "block chain technology platform" "retroactive application of supply chain" "digital memory card application" three ability, in the supply chain finance, food and pharmaceutical anti-counterfeiting traceability scenario were explored.
industry insiders said that in general, blockchain technology can help the supply chain finance industry to build trust cornerstone. it can be expected that with block chain enabling, information flow, capital flow and logistics in the supply chain can achieve more efficient flow, thus promoting the substantial improvement of transaction efficiency.
source: hexun