Since October 1, The New Effective Interest Rate Of Wangsheng Supply Chain Financial Enterprise Loan Is As Low As 4.6%

Recently, the people's Bank of China, together with the Ministry of industry and information technology, the Ministry of justice, the Ministry of Commerce, the state owned Assets Supervision Commission, the General Administration of market supervision, the banking and Insurance Regulatory Commission, and the State Administration of foreign exchange issued the "Regulations on the regulation" of the people's Bank of China (hereinafter referred to as "opinions on the stability of the supply chain" (hereinafter referred to as "the opinions on the stability of the supply chain" (No. 226 of the bank).

According to the opinions, supply chain finance should insist on improving the operation efficiency of supply chain industry chain, reducing enterprise cost, serving the integrity and stability of supply chain industrial chain, and supporting the optimization and upgrading of industrial chain and national strategic layout. Based on their own professional advantages and market positioning, market players should strengthen sharing and cooperation, maintain market fairness and order, and promote a virtuous industrial cycle.

In response to the relevant policies of the state to support small and micro enterprises, reduce enterprise costs, improve the online and digital level of supply chain financing settlement, and strengthen the information sharing and collaboration between financial institutions and real enterprises, Bank of communications has given phased preferential interest rate policies to the supply chain financial customers within the system of "Wangsheng business treasure" project, as follows:

1、 Preferential objects

Customers within the project system of "Wangsheng business treasure" with credit line of 10 million yuan or less, using short-term working capital loans of Bank of communications for small enterprises and personal business loans (excluding overdraft business of legal person), which will take effect from October 1 to December 31, 2020, and make effective use of loans.

2、 Preferential measures and time limit

From September 1, 2020 to December 31, 2020, the interest of individual business loan customers who take effect in the line of Bank of communications and draw loans effectively shall be calculated according to the interest rate standard of 4.95% annualized.

From October 1 to December 31, 2020, the short-term working capital loan customers of small enterprises with effective loan withdrawal in Bank of Communications shall be calculated according to the interest rate standard of 4.6% annualized.

As of January 1, 2021, the original annualized interest rate of 5.1% will be applied to the customers who have taken effect in the Bank of communications and have drawn loans effectively.

As a domestic industrial Internet infrastructure provider, "netsheng business treasure" has more than 20 years of exploration and practical experience, providing enterprises with B2B e-commerce platform infrastructure, supply chain financial infrastructure, network freight infrastructure. On the basis of supply chain financial infrastructure, it provides the whole process online and full scene coverage supply chain financial solutions for industrial chain enterprises to solve the problem of shortage of purchasing funds for upward purchasing and the withdrawal of accounts receivable for downward sales.

Since its launch in 2015, the business model of Wangsheng supply chain finance has become mature and perfect after five years of market operation. On February and a half of 2019, the financial channel reported on the business model of CCTV. At the end of the program, the host commented that the charm of the business treasure supply chain financial platform not only helps to solve the problem of triangular debts among enterprises, but also solves the problems of financing difficulties and high financing costs of small and medium-sized enterprises from the root.

　　 Solve enterprise credit problem, find Wangsheng!

Solve the problem of enterprise commercial ticket realization, find Wangsheng!

If you have any questions, please contact our local offices,

Please refer to the company's official website for contact details

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The following is the full text of the opinions:

Opinions of the Ministry of industry and information technology of the people's Bank of China, Ministry of justice, Ministry of Commerce, state owned assets supervision and administration of market supervision, banking, Insurance Regulatory Commission and foreign exchange bureau of the people's Bank of China

YF [2020] No. 226

In order to firmly implement the decision-making and deployment of the Party Central Committee and the State Council on doing a solid job in the "six stability" work, fully implement the "six guarantees" task, do a good job in financial support to stabilize enterprises to ensure employment, accurately serve the integrity and stability of the supply chain industrial chain, improve the overall operation efficiency, and promote the economic virtuous cycle and optimize the layout, the following opinions are put forward on the standardization, development and innovation of supply chain finance 。

First, accurately grasp the connotation and development direction of supply chain finance

(1) improve the operation efficiency of the supply chain industry chain and reduce enterprise costs. Supply chain finance refers to the integration of logistics, capital flow, information flow and other information from the supply chain industry chain as a whole. Under the real transaction background, it constructs a financial supply system and risk assessment system integrating the core enterprises in the supply chain and upstream and downstream enterprises, providing systematic financial solutions, so as to quickly respond to the enterprises in the industrial chain The comprehensive needs of settlement, financing and financial management of the industry can reduce the cost of enterprises and enhance the value of all parties in the industrial chain.

(2) support the stable upgrading of the supply chain industry chain and the national strategic layout. Supply chain finance should take the integrity and stability of the service supply chain industrial chain as the starting point and purpose, conform to the changes of industrial organization form, accelerate innovation and standardized development, promote the repair, reconstruction, optimization and upgrading of the industrial chain, increase the support for the national strategic layout and key fields, give full play to the decisive role of the market in resource allocation, and promote the economic restructuring.

(3) adhere to the professional advantages and market positioning of market players, and strengthen coordination. Financial institutions, core enterprises, warehousing and logistics enterprises, and science and technology platforms should focus on the main business, based on their respective professional advantages and market positioning, strengthen sharing and cooperation, deepen the information synergy effect and technology empowerment, promote the scene and ecology of supply chain finance, improve the level of online and digital, and promote the information transparency, turnover safety, production and marketing stability of the industrial chain, so as to serve the industry The chain's market competitiveness and extension ability provide support.

(4) pay attention to fair and orderly market and sound industrial cycle. Core enterprises should strictly abide by the relevant provisions of "Regulations on the protection of payment for small and medium-sized enterprises", timely pay for small and medium-sized enterprises, expand commercial credit in a reasonable and orderly manner, protect the legitimate rights and interests of small and medium-sized enterprises, and create a symbiotic and win-win industrial ecology of large, medium, small and micro enterprises.

2. Steady development of financial supply chain

(5) improve the overall financial service level of the industrial chain. We will promote financial institutions, core enterprises, government departments, third-party professional institutions and other parties to strengthen information sharing, rely on core enterprises to build an integrated, digital and intelligent information system, credit evaluation and risk management system, dynamically grasp the business situation of small and medium-sized enterprises, and establish a more stable and close relationship between financial institutions and real enterprises. Banks and other financial institutions are encouraged to provide systematic and comprehensive solutions for the industrial chain, such as settlement, financing and financial management, so as to improve the integrity and coordination of financial services. (in charge of the people's Bank of China, China Banking and Insurance Regulatory Commission and SASAC)

(6) explore and improve the online and digital level of supply chain financing settlement. The "three ways of financing" can be carried out through the "loan chain, upstream and downstream, and the risk can be checked through the loan chain, upstream and downstream". Support to explore the use of electronic signature online contract signing, identity authentication verification, remote video signing verification. Support inter bank electronic authentication and mutual recognition. (in charge of the people's Bank of China and the China Banking and Insurance Regulatory Commission)

7. Increase support for core enterprises. On the premise of effective risk control, comprehensive use of credit, bonds and other tools to support core enterprises to improve financing capacity and liquidity management level, smooth and stabilize the upstream and downstream industrial chain. We should support the core enterprises to issue bonds for financing, pay the accounts of upstream and downstream enterprises, and give play to the role of core enterprises in supporting the industrial chain. For the core enterprises in national strategies and key fields such as advanced manufacturing industry, modern service industry and high-quality trade development, banks and other financial institutions and bond management departments can establish green channels to respond to financing needs in a timely manner. (in charge of the people's Bank of China and the China Banking and Insurance Regulatory Commission)

(8) improve the standardization and transparency of accounts receivable. Support the docking of financial institutions with the supply chain bill platform recognized by the people's Bank of China, support the issuance of supply chain bills by core enterprises, encourage banks to provide more convenient financing such as discount and pledge for supply chain bills, support small and medium-sized enterprises to finance from the bond market through standardized bills, and improve the issuing, circulation and financing efficiency of commercial bills. (in charge of the people's Bank of China)

(9) improve the financing efficiency of accounts receivable of small and medium-sized enterprises. Encourage core enterprises to confirm their rights through accounts receivable financing service platform, provide convenience for accounts receivable financing of small and medium-sized enterprises, and reduce the cost of small and medium-sized enterprises. Banks and other financial institutions should actively connect with the accounts receivable financing service platform, reduce the time and cost of accounts receivable confirmation, and support the efficient financing of small and medium-sized enterprises. (in charge of the people's Bank of China, Ministry of industry and information technology and SASAC)

(10) support the opening and repair of global industrial chains. Financial institutions should improve the level of financial services for enterprises in the international industrial chain, make full use of the linkage between domestic and foreign branches, support the construction of foreign trade transformation and upgrading base, develop diversified markets, transfer export products to domestic sales, and gradually transfer processing trade to the central and western regions, support export enterprises to resume business contacts with overseas partners, and provide buyer's credit, export accounts receivable financing and insurance Single financing and other ways to support export enterprises to accept orders to perform, the use of export credit insurance to share risk losses. (in charge of the people's Bank of China, the China Banking and Insurance Regulatory Commission, the State Administration of foreign exchange and the Ministry of Commerce)

(11) standardize the development of supply chain inventory, warehouse receipt and order financing. Under the background of inventory and controllable price, the selection of financial institutions is based on the real and controllable transaction value. Financial institutions should effectively apply scientific and technological means to improve the level of risk control, realize information interconnection with core enterprises and management systems of warehousing, logistics and transportation, and timely verify the authenticity and effectiveness of inventories, warehouse receipts and orders. (in charge of the CIRC, the people's Bank of China and the Ministry of Commerce)

(12) strengthen the risk guarantee support for supply chain finance. Insurance institutions should actively embed supply chain links, increase the supply of supply chain insurance products such as business interruption insurance and warehouse receipt property insurance, provide various forms of guarantee insurance business such as mortgage, pure credit, etc., expand the coverage of underwriting, do a good job in the service of supply chain insurance claims, and improve the efficiency of claims settlement. (in charge of CBRC)

Third, strengthen the construction of supporting infrastructure of supply chain finance

(13) improve the functions of supply chain bill platform. We should strengthen the construction of system functions related to bill issuance, circulation and financing of supply chain bill platform, accelerate the interconnection of supply chain platform with core enterprises, financial institutions and third-party technology companies, clarify the access standards and process rules of various platforms, improve the matching of supply chain information and bill information, and explore the establishment of transaction authenticity screening, monitoring and early warning mechanism. (in charge of the people's Bank of China)

(14) promote the unified registration and publicity of chattel and right guarantee. Establish a unified registration and publicity system of chattel and right guarantee, and gradually realize the registration of chattel and right guarantee by market subjects on one platform. We will strengthen the digitization and standardization of the unified registration and publicity system for chattels and rights guarantee, support financial institutions to handle query and registration in batches through interface, and improve the efficiency of registration and publicity. (in charge of the people's Bank of China and the State Administration of market supervision)

Fourth, improve the supply chain financial policy support system

(15) optimize the supervision and review rules of supply chain financing. According to the specific characteristics of supply chain financial business, differentiated supervision is implemented on the design of financial products, due diligence, approval process and post loan management. Under the condition that the repayment subject is clear and the repayment funds are closed and controllable, banks can focus on the examination of the credit and transaction authenticity of the core enterprises when examining the financing provided by the core enterprises to the upstream and downstream enterprises. (in charge of the CIRC and the people's Bank of China)

(16) establish credit restraint mechanism. We should speed up the implementation of the information disclosure system of commercial bills and strengthen the market-oriented restraint mechanism. To establish a cross information disclosure mechanism between commercial acceptance bill and bond, core enterprises should disclose bond default information and commercial acceptance bill overdue information at the same time in bond issuance and commercial acceptance bill information disclosure, so as to strengthen credit risk prevention and control. People's Bank of China

Fifth, prevent the financial risk of supply chain

(17) strengthen the prevention and control of credit risk of core enterprises. According to the overall situation of core enterprises and supply chain, financial institutions should establish a package of risk identification and prevention and control mechanism based on loans, bonds and accounts payable of core enterprises, and make full use of the existing platform to strengthen the risk identification and risk prevention and control of accounts payable of core enterprises. For the supply chain financing business with the core enterprise bearing the final payment responsibility, it shall comply with the relevant regulatory requirements of large amount of risk exposure. (in charge of the CIRC and the people's Bank of China)

(18) prevent operational risks of supply chain financial business. Financial institutions should strengthen the application of financial science and technology, realize the information system and risk control system integrating the core enterprise's "principal credit", the transaction object's "credit", and the "data credit" generated by the transaction information through the "financial technology + supply chain scenario", establish the whole process online fund monitoring mode, enhance the strictness of the operation system, and strengthen the execution of the operating system. (in charge of the CIRC and the people's Bank of China)

(19) strictly prevent and control the risks of false transactions and repeated financing. Banks and other financial institutions should strictly examine the authenticity of supply chain financing, and guard against false increase, fictitious accounts receivable, inventory and repeated mortgage and pledge. For asset securitization and asset management products with accounts receivable as underlying assets, underwriters and asset managers should earnestly perform due diligence and necessary risk control procedures, and strengthen the requirements for information disclosure and appropriateness of investors. (in charge of the CIRC and the people's Bank of China)

(20) to guard against risks in the application of financial science and technology. All participants of supply chain finance should reasonably use the new generation of information technology such as blockchain, big data, artificial intelligence, etc., continuously strengthen the security guarantee, operation monitoring and emergency handling ability of supply chain financial service platform and information system, and effectively prevent information security, network security and other risks. (in charge of the people's Bank of China and the China Banking and Insurance Regulatory Commission)

6. Strict supervision and restriction on Supply Chain Finance

(21) strengthen payment discipline and account confirmation. Large supply chain enterprises should, in accordance with the requirements of "Regulations on guaranteeing payment of funds for small and medium-sized enterprises", include the contract quantity and amount of overdue payment for small and medium-sized enterprises into the enterprise annual report, and publicize them to the public through the national enterprise credit information publicity system. For the large-scale enterprises in the supply chain that have not paid the payment to the small and medium-sized enterprises and there is no difference between the two sides, the bond management department should limit the new bond financing, and the financial institutions should objectively assess their risks and prudently provide new financing. (in charge of the people's Bank of China, China Banking and Insurance Regulatory Commission, Ministry of industry and information technology and State Administration of market supervision)

(22) maintain a virtuous circle of industrial ecology. Core enterprises should not intentionally occupy the accounts of upstream and downstream enterprises while providing accounts receivable financing through affiliated institutions to earn interest. The circulation of accounts payable of various supply chain financial service platforms shall adopt legal and compliant financial instruments, and shall not close circulation and restrict financing service providers. If core enterprises and third-party supply chain platform companies occupy the interests of small and medium-sized enterprises in the name of supply chain finance, the relevant departments should correct them in time. (in charge of the people's Bank of China, China Banking and Insurance Regulatory Commission and SASAC)

(23) strengthen the supervision of supply chain financial business. To carry out the supply chain financial business, we should strictly abide by the national macro-control and industrial policies, and should not use various supply chain financial products to evade the national macro-control requirements. All kinds of factoring companies, small loan companies and financial companies that carry out supply chain financial business shall strictly abide by the business scope, strengthen the management of business compliance and risk, and shall not carry out financial business without license or beyond the business scope specified in the license. All kinds of third-party supply chain platform companies shall not carry out financial business in disguised form in the name of supply chain finance, and shall not charge service fees inconsistent with quality and price from small and medium-sized enterprises in the name of supply chain finance. (in charge of the CIRC and the people's Bank of China)

People's Bank of China

Ministry of industry and information technology

Ministry of Justice

Ministry of Commerce

SASAC

General Administration of market supervision

CBRC

Foreign Exchange Bureau

September 18, 2020