Supply Chain Finance ushered in the 3.0 era

Between the e-commerce, logistics and traditional banking institutions, the three parties are quietly weaving a big net about supply chain finance.

According to the latest news from the reporter , Ping An Bank formally launched the "Orange e" platform on July 9, and the basic positioning of the platform is "to build an integrated supply platform for online supply chain services." According to the news, the bank has become a strategic cooperative partner with 12 enterprise groups including Haier, Orient Electronic Payment, Skymark and Kingdee Software.

Moreover, China Merchants Bank announced in Beijing at the end of June on "Online Supply Chain Financial Solutions for E-commerce and Logistics Industries". It launched plans to develop sub-sectors such as warehousing, logistics, express delivery companies and large transport companies Online supply chain financial solutions.

"Now banks need to do is to build an e-commerce cloud service platform, so that SMEs order, waybill, receipt, financing, warehousing and other business activities are running above, at the same time the introduction of logistics, third-party information and other enterprises, Together to build a service platform for enterprises to provide ancillary services. "Ping An Bank, Jin Xiaolong, president of Network Finance believes that.

Zhongde Sheng, general manager of China Merchants Bank's Department of Trade and Finance, publicly stated at the end of June that "the integration of e-commerce and logistics has become a trend of development. This convergence will give new connotations to the ecosystem of supply chain through the intermediation of finance."

E-commerce platform, logistics, supply chain ecosystem - it is the supply chain 3.0 version of the key words. Earlier, a reluctance in southern China, general manager of Trade Finance Department, once told the 21st Century Economic Reporter bluntly that "business flow" and "logistics" are undoubtedly the key to the future development of supply chain finance.

Supply Chain Finance Evolution

The so-called supply chain finance, refers to the bank through to be "business flow, logistics, capital flow, information flow" control, for the entire industry chain, suppliers, distributors and other financial services to provide support.

In the most primitive version 1.0, the model of supply chain finance is generally referred to as "1 + N", and the bank completes the financing of "N" financing for a number of small and medium-sized micro-enterprises based on the credit support of core enterprise "1".

"There are two difficult risks in offline supply chain finance: banks are not in control of the authenticity of the quantity of inventory, and it is difficult to verify the repeated mortgage behavior. The second is operational risk in the course of operation." One trade finance front-line employee disclose.

2.0 version of the online supply chain finance, the traditional offline supply chain finance moved to the line, so that the core business "1" data and the completion of the docking bank, so that banks ready to access the core business and upstream and downstream industry chain Warehousing, payment and other real business information.

"The purpose of online supply chain finance is to complete multi-party on-line collaboration more efficiently and improve operational efficiency, but the idea is still at the level of 'bank financing as the core' that funds are by default placed first." Trade Finance Department General Manager said.

"Now the industry thinking began to change gradually, banks need to do is build an e-commerce cloud service platform for SMEs order, waybill, receipt, financing, warehousing and other business activities are running on top, while the introduction of logistics, third parties Information and other enterprises, build a service platform for enterprises to provide ancillary services. "Jin Xiaolong elaborated on his intention to build orange e network platform.

"Customers 'business flow' and 'logistics' running on the system platform, the bank can grasp, with the accumulation of the number of customers, capital flow and flow of information in place, it will come into its own." Jin Xiaolong bluntly.

In his opinion, the launch of such online supply chain service platform marks the advent of supply chain finance in the era of 3.0, which subverts the past supply-chain model of financing as the core and takes the transaction process of enterprises as the core. In the past, the "1 + N" model of core large enterprises was expanded to the "N + N" model of SMEs' own transactions.

"Acquaintance's business circle"

Since last year, a number of joint-stock banks have renamed the e-banking department "Internet Finance Department" or "Internet Banking Department."

An Internet banking manager in southern China had an analysis of 21st Century Business Herald. "In the past, the electronic banking department focused on the business channel's maintenance and expansion. However, from the perspective of actual work experience, It is very difficult to form a chemical reaction with customers 'operation and product management.Under the impact of Internet companies' entry into the financial industry last year, many online financial sector positions in the industry have now turned into 'product-based and channel-supplemented.' "

According to report, Pingyao Hu Yuefei, vice president of Ping An Bank on the network of financial positioning is "a common platform + application subset," because, for different industries (such as agriculture, energy, minerals, etc.), the Ministry of Finance only need to be common Of the system platform, increasing the application of a subset of different industries, we can lower the cost of completing the docking system with all types of customers.

Based on this, the supply chain service platform established by several joint-stock banks at this stage basically aims to create a "business circle of acquaintances" for SMEs through the matching of various service products.

According to report, the traditional e-commerce SMEs are mainly three ways: to join the core business supply chain collaboration business platform to achieve Internet, the number of such enterprises is not much; independent development of e-commerce platform, but the input costs are large, the threshold Also relatively high; the third is paid to join third-party e-commerce platform.

The current e-commerce platform for banks to build supply chains provides a fourth route for the transformation of e-commerce for SMEs. Funded by banks to build and operate platforms and collaborate with partners such as logistics, shipping and third-party information platforms, SMEs can achieve synergy with upstream and downstream enterprises through the platform system.

According to the aforesaid analysis by the general manager of the trade finance department in South China, Internet, e-commerce enterprises such as Ali and Jingdong are doing supply chain finance. The upturn depends on the data they have in hand and self-built supply chain channels. However, Belonging to the category of unfamiliar transactions, its main orientation is B2C or C2C.

"And banks to establish the positioning of e-commerce service platform is to do business between the regular business of B2B, and Ali, Jingdong is complementary." He further explained to reporters, "For the positioning of B2B SMEs, and regular customers do business, The importance of maintaining and expanding existing customer value is often better than expanding an unfamiliar new source. "