Business Treasure And Bank Of Communications Strategic Cooperation To Innovate Online Supply Chain Financing Mode

Recently, business treasure (002095) held a strategic cooperation signing ceremony with the Zhejiang branch of Bank of communications.

The two sides will intensify cooperation to speed up the integration of industrial Internet and supply chain finance, and explore the solution to the problems of triangular debts among enterprises, financing difficulties of small and medium enterprises, high financing and the lack of real finance.

In this strategic cooperation, the Bank of communications Zhejiang branch and business treasure will launch an all-round, multilevel and multi-level cooperation. The two sides have launched a "supply chain financing" product for the SME online trading co operation. Based on financial innovation, compliance management and risk control, the two sides are actively exploring new business models, supporting the real economy and providing quality financial services for small and medium enterprises.

It is reported that the project is a successful example of the small and micro financing service developed by the first joint branch of the Bank of communications system and the cooperation with the Internet companies. It has a strong market demonstration effect in such aspects as platform docking, batch acquisition, capital closed-loop, system building and optimizing loan.

In this regard, Sun Deliang, chairman of the business treasure, pointed out that this cooperation is mainly based on the innovative mode of online supply chain finance, which can effectively alleviate the financing difficulties and financing problems of small and micro enterprises.

Unlike the general supply chain finance business, business treasure online supply chain finance is the combination of Internet and supply chain finance. It is based on the online closed trading platform, the online financing guarantee platform, the online trading credit platform, the online wind control platform and the grand data platform's "closed loop" system. With the support of big data, the online application of loan application, credit approval, loan issuance, loan monitoring, loan use and loan return has been realized, providing credit lines and bank loans for enterprises in the upstream and downstream industries of the industrial chain.

Changle branch of the Zhejiang branch of the Bank of Communications said that the cooperation between Bank of communications and business treasure will solve the most serious information asymmetry problem in financing of small and micro enterprises by innovating the service mode of small and micro enterprises and utilizing the information of massive core enterprises and downstream purchasing enterprises.

In recent years, the Zhejiang branch of Bank of communications has increased the innovation of inclusive financial services and products. In addition to developing online supply chain finance business with the net Sheng business treasure, it will also use the Internet, big data, biometrics and other technologies to achieve the functions of online signing, online approval, user management and other functions of small and micro businesses, and build a small and micro business intelligent operation mode.