by 2020, the output value of supply chain finance will reach 15 trillion yuan-凯发k8天生赢家

by 2020, the output value of supply chain finance will reach 15 trillion yuan

with the implementation of a series of policies, the "difficult financing" and "expensive financing" problems of small and medium-sized enterprises have been alleviated to some extent. however, it is undeniable that the financing difficulties and expensive financing have not been fundamentally solved from the perspectives of access threshold, approval time and loan cost.

according to data from the ministry of industry and information technology, 33 percent of medium-sized enterprises, 39 percent of small enterprises and 41 percent of micro enterprises are still not satisfied with financing. according to the questionnaire survey of chongqing economic and information technology commission, 27% of small and medium-sized enterprises report that working capital is tight and they have financing needs, but cannot meet them.

according to the survey sample data provided by wuhan economic and information bureau, more than 60 percent of smes have a financing gap of 20 percent, and 15 percent have a financing gap of more than 30 percent. on the other hand, the high financing cost is hanging on the damocles sword of smes. the average annual interest rate of smes' loans in china is 11.6%, and nearly 50% of smes' financing cost is more than 10%. in addition, the prevailing insurance premiums, consulting fees, intermediary fees and other fees in the market further push up the comprehensive loan costs of small and medium-sized enterprises, making the small and medium-sized enterprises with weak anti-risk ability in a more difficult situation.

"as an important financing channel for small and medium-sized enterprises, supply chain finance can effectively transform the uncontrollable risks of individual enterprises into the controllable risks of the whole supply chain enterprises through advanced management of small and medium-sized enterprises and accounts receivable risk management. it fundamentally changes the model of risk management, enables banks to lend, lend, and be willing to lend, and makes it a reality for smes to get low-threshold, low-cost loans." ma bin, full-time vice president of china association of small and medium-sized enterprises, said at the supply chain finance bbs of the 7th china small and medium-sized enterprises investment and financing fair that in recent years, china's supply chain finance business has developed rapidly, with the total scale of trade receivables, inventory and prepayment accounts totaling nearly 110 trillion yuan, which contains the huge financing needs of small and medium-sized enterprises.

in fact, supply chain finance means that banks manage the capital flow and logistics of upstream and downstream small and medium-sized enterprises around the core enterprises, and transform the uncontrollable risks of individual enterprises into the controllable risks of the whole supply chain enterprises, so as to control the risks at the lowest level through obtaining all kinds of information.

gao feng, chief information officer of the china banking association, said that the supply chain finance market not only has a broad development prospect, but also will maintain a steady growth. data show that the average growth figure of supply chain finance is 4.5% to 5% from 2017 to 2020, and the output value of supply chain finance in china will reach 15 trillion yuan by 2020.

however, in the traditional supply chain financial model, there are still many drawbacks. firstly, information is difficult to penetrate and credit cannot cover multi-level upstream and downstream enterprises. as a result, 70% of small and medium-sized enterprises at the end of the supply chain still have financing problems, with a financing gap of nearly 12 trillion yuan. second, traditional offline transaction information tracking and review, resulting in difficult credit assessment, high cost, low efficiency, banks reluctant to lend, dare not lend; third, the financing difficulty of smes will push up the upstream procurement cost of core enterprises, affect the downstream payment collection speed, and reduce the efficiency of the entire supply chain.

in terms of industrial supply chain, due to different supply chain characteristics of each industry, it is necessary to design accurate supply chain financial solutions according to the pain points of differentiation.

take the agricultural industry as an example, because most farmers are retail investors, and generally lack of financial knowledge, poor credit awareness, and rural financial services are more backward. in this regard, yibbentong, together with charoen pokphand group, makes full use of the characteristics of ord-type agriculture, enterprise merchant business model and ensures credit transmission and reduces loan risks through the capital flow controlled by core enterprises and the circulation of agricultural products. innovative design of farmers online order financing platform, to ensure the screening of farmers, loan business management, effectively reduce the operational risk and moral hazard.

"we targeted to launch our one enterprise intelligent supply chain finance platform, using the block chain traceability, can be retained, not tamper with the characteristics of the original is difficult to verify the below information on the chain, to ensure that information can be recorded on the small and medium-sized enterprises in the supply chain, trading, traceability, credit conduction, guarantee the authenticity of the chain enterprise information, at the same time using artificial intelligence to chain logistics, warehousing, industry and commerce, taxation, and so on each participant cross validation of intelligent data source, to solve the information asymmetry between banks and enterprises, trade authenticity is difficult to check the problem. on the one hand, the risk control ability of banks has been greatly improved, and the risk of loans and auditing costs have been reduced. "said fei yiming, director of the small and micro enterprise committee of the internet finance alliance of small and medium-sized banks, ceo of financial yizhang tong enterprise finance, and secretary of the board of directors.

yang tao, deputy director of the national laboratory of finance and development, thinks that the financial field and financial institutions themselves are the most important groups and scenarios for technology application. financial technology can not only serve the optimization of finance itself, but also serve as an important experimental scene of new generation technology, further drive the application of these technologies to other application scenarios, and serve the social development of economic growth by improving the spillover of technology. this is the more important historical mission of financial technology.

source: china times