Xiaoshan Guarantee To Join Hands With Business Treasure To Promote Supply Chain Of Guarantee Business

The development history of Sino US trade war has fully proved that the core technology and supply chain are the two key factors to realize the development of high quality economy. An Apple phone, though the core technology of chips and operating systems is in the hands of the Americans, if it lacks the support of China's complete supply chain system, it will still not be able to sell products in the market. In 2017, the general office of the State Council issued the "guiding opinions on actively promoting the innovation and application of supply chain", and the supply chain innovation and application rose to a national strategy. This is the first time that the State Council has issued a programmatic guidance document on the supply chain innovation and development for the first time, and has sent a clear and strong message to the whole society. In the next three to five years, China will move forward from "Internet +" to "intelligence +" and "supply chain +", and the Chinese industry will fully meet the arrival of the "supply chain +" era.

In January 9, 2020, Hangzhou Xiaoshan financing Company limited by guarantee and Zhejiang net Sheng business treasure Limited by Share Ltd (002095, SZ) held the signing ceremony of "online supply chain finance" project strategic cooperation. The chairman of the network Sheng Bao Sun Sun Liang and Xiaoshan financing guarantee general Tang Feiyan attended the signing ceremony and made an important speech. The official launch of the online supply chain finance project in Xiaoshan marks the solid step of the Internet supply chain finance infrastructure for all Guarantee Corporation in the world. It also indicates that Hangzhou Xiaoshan financing Company limited by guarantee has taken an important step toward the online and supply chain of traditional guarantee businesses.

Traditional "triangle guarantee mode" can not control the use of funds, causing enterprises to embezzle loan funds to invest in disorder and consume in disorder, thus making the development of traditional Guarantee Corporation go into a "dead end". The use of supply chain finance infrastructure to achieve online securitization of traditional guarantees can reduce the risk of loans from more than 3% of traditional guarantees to less than 3/1000. It provides a new mode for the development of traditional Guarantee Corporation (including policy oriented Guarantee Corporation), and can also alleviate the financing difficulties and financing problems of small and medium enterprises in the region. Relying on the supply chain finance infrastructure, we will promote the supply chain of traditional guarantee business, and create a regional core enterprise supply chain financial service platform, which can cultivate three types of new formats, such as core enterprises, supply chain service enterprises and supply chain management enterprises in the regional supply chain, and promote the innovation and application development level of regional supply chain.

The rapid development of local economy is inseparable from the hard environment such as convenient transportation facilities such as roads and bridges. It is also inseparable from the perfect soft environment such as supply chain finance infrastructure. Whether there is a perfect supply chain finance infrastructure determines the future of a regional supply chain economy. With a good supply chain finance infrastructure, we can truly promote the innovation and application of supply chain, cultivate core enterprises, supply chain service enterprises and supply chain management enterprises in the regional supply chain, promote transformation and upgrading of regional industrial clusters, and enhance the development level of supply chain economy. At the same time, it can effectively solve the financing difficulties and financing problems of local small and medium enterprises, and promote the high quality development of local economy.

Hangzhou Xiaoshan financing Company limited by guarantee is a wholly owned subsidiary of Xiaoshan state owned Assets Management Corporation (directly under the state owned enterprise of Xiaoshan district government). It is a policy guarantee institution established by the Xiaoshan people's government to support the development of small and medium enterprises.

Founded in 1997, net Sheng business treasure founded China's first e-commerce website, China chemical network, which created the business mode of China's B2B e-commerce information service and the profit model of its member advertising. In December 2006, it successfully entered China's A share capital market (stock code 002095) and became the first Internet listed company of A shares in China. After the listing, the company always adhered to the "craftsman spirit" without borrowing a penny and doing only one thing. It adhered to the development direction of B2B e-commerce. Through 12 years' efforts, three major infrastructures were built: the industrial Internet infrastructure, the supply chain finance infrastructure, and the network freight infrastructure, forming a complete supply chain solution of "information flow, capital flow and logistics" in three streams. Through the implementation of the online and supply chain of the traditional guarantee business, the net Sheng business treasure has invested nearly 15 billion yuan of funds to the market after three years of operation. The total compensation rate of its online financing guarantee is 0.2%, and its total bad rate is 0.01%, creating a miracle in the industry.