Strategic Cooperation Between Business Treasure And Bank Of Communications Has Broken The Financing Problem Of Small And Micro Enterprises.

26, reporters learned that business treasure and Bank of communications Zhejiang branch recently signed strategic cooperation, the two sides will increase cooperation efforts to speed up the integration of industrial Internet and supply chain finance, and explore solutions including: inter enterprise triangle debt, small and micro enterprises financing difficulties, financing expensive, and financial reality and virtual problems.

It is reported that after the 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, they have actively explored new business models, supported the real economy, and provided high-quality financial services for small and medium enterprises.

The project is also a successful example of the small and micro financing service co operated with the Internet companies in the Bank of communications system for the first time. 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, said that the strategic cooperation between the business treasure and the Bank of communications 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 net Sheng business treasure is to solve the most serious problem of information asymmetry in the 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.

At present, the financing difficulties of SMEs in China are serious.

Data show that the size of the corresponding financing needs of 56 million small and medium-sized enterprises in China is estimated to be US $4 trillion and 400 billion, equivalent to 40% of China's GDP in 2015, accounting for about half of the total financing needs of developing countries in the world.

Among them, 4 of the small and medium enterprises are subject to credit constraints, and the problem of financing is serious. Innovative financial services mode is imperative.