Chain finance refers to an innovative financial model that provides financing, payment, settlement, risk management and other financial services for all parties in the chain based on the transaction relationship between upstream and downstream enterprises in the chain and through the participation of financial institutions or third-party platforms. In 2023, whether it is national policies or market mechanisms, the development of China's first-chain financial field has attracted much attention.
At the level of policy support, China has introduced a series of policies and measures to promote the development of first-chain finance, such as the "Guiding Opinions on Further Improving Financial Services for Small and Micro Enterprises" and "Guiding Opinions on Supporting the Innovation and Application of ** Chain". These policies aim to lower the entry threshold of first-chain finance, improve the availability of first-chain finance, encourage financial institutions and third-party platforms to innovate first-chain financial products and services, and strengthen the risk prevention and supervision of first-chain finance.
In terms of market size, according to the China Banking Association, as of June 2023, Chinese banking institutions have carried out a total of about 2The 4 trillion yuan of **chain financial business increased by 24 percent year-on-year5%。Among them, the accounts receivable financing business provided by the core enterprises for the upstream ** merchants accounted for the largest proportion, reaching 547%；The proportion of prepayment financing business provided by core enterprises for downstream dealers was 286%；Other types of first-chain financial business, such as warehousing and logistics financing, e-commerce platform financing, agricultural first-chain financing, etc., accounted for 167%。
At the level of technological innovation: With the development and application of technologies such as the Internet, big data, blockchain, and artificial intelligence, there have been many cases of technological innovation in the field of China's first-class chain finance, such as Alibaba's Ant Chain, JD.com's JD Chain, Ping An's Ping An Chain, etc. These technological innovations can improve the efficiency, transparency and security of chain finance, reduce the cost and risk of chain finance, expand the coverage and service objects of chain finance, and enhance the value and competitiveness of chain finance.
In the field of industry application: China's first-class chain financial field involves many industries and fields, such as manufacturing, industry, e-commerce, agriculture, medical care, education, etc. The needs and characteristics of the first-chain finance in these industries and fields are different, and they have also given birth to different first-chain financial solutions and models, such as the first-chain finance of the industrial Internet platform, the first-chain finance of cross-border e-commerce, and the first-chain finance of agricultural e-commerce. These industry applications can give full play to the advantages of first-chain finance, provide more convenient, efficient and low-cost financial services for all parties in the chain, and promote the development and upgrading of the industry.
In 2024, the development of China's first-chain finance may still focus on expanding revenue, and on this basis, it will be extended upstream and downstream. In 2024, we will continue to walk all the way!The people wish you all a Happy New Year in advance!
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