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Supply chain finance working committee of China association of small and medium-sized enterprises was established

China news service Beijing, March 19 (wang qingkai) the supply chain finance working committee of China association of small and medium-sized enterprises was established in Beijing on 19th.

Ye wangchun, chairman and CEO of ping an finance yi zhang tong, chairman of the supply chain finance working committee, said at the meeting that supply chain finance is an important breakthrough to solve the financing problems of small and medium-sized enterprises. Fintech can effectively change the difficulties and pain points of traditional supply chain finance and subvert the traditional supply chain finance model.

Said leaf spring of hope, will with the help of artificial intelligence, cloud computing and other cutting-edge technology, to solve the core enterprise credit multilayer through difficult, weak risk control and small and medium-sized Banks, smes financing process is long, build intelligent supply chain financial ecosystem, fundamentally break the chain the long tail of smes financing difficult problem of financing, financing expensive, slow, for the supply chain of small and medium-sized Banks to open the hundreds of thousands of RMB one hundred million financial markets.

It is reported that the supply chain finance working committee of sme association is initiated and established by China association of small and medium-sized enterprises, China Internet finance (shenzhen) alliance of small and medium-sized Banks, and one account finance to solve the financing difficulties of small and medium-sized enterprises.

Small and medium-sized enterprises are the largest and most innovative enterprise group in China. But according to introducing, traditional supply chain finance exists a lot of difficult problem.

Huang jianmin, deputy general manager of China railway construction asset management co., LTD., said at the meeting that for small and medium-sized enterprises, the core problem lies in the lack of risk control in financial institutions, and information asymmetry exists between enterprises and between enterprises and between enterprises and Banks. In the root cause, there is an unavoidable practical problem: due to the credit system of small and medium-sized enterprises is not sound, small size, weak anti-risk ability and other reasons, Banks are facing the high risk, high cost of the status quo, so "dare not" "reluctant to lend".

Li zibin, President of China association of small and medium-sized enterprises, said at the founding ceremony that the supply chain finance working committee of China association of small and medium-sized enterprises will take supply chain finance as a breakthrough to open a new financing situation for the majority of small and medium-sized enterprises.

Source: China news network