Last week (August 15th to August 21st), in terms of industry policies, Premier Li Keqiang chaired an executive meeting of the State Council to deploy measures to reduce corporate financing costs and increase financial support for the real economy. Shanghai Bill Exchange new generation bill business system is online. Shandong Province and Guangzhou City have successively introduced policies related to supply chain finance.
In terms of the industry market, the first standard warehouse receipt registration and inquiry system was launched; State Grid "Electronic e-Financial Services" Lanzhou Service Station was unveiled. Byte Microcredit's issuance of 30 billion ABS has been accepted; Xiaopeng Motors financial leasing 2.5 billion ABS project status has been updated to feedback; Geely .2 billion established financial leasing company ; Minnong Yuncang has generated more than 50 transactions Negotiable digital warehouse receipts; Ping An Bank The balance of inclusive small and micro loans exceeded 420 billion yuan in the first half; JD Technology helps the waste battery industry chain.
1. Policy dynamics
1. National Standing Meeting: Reduce corporate financing costs and increase financial support for the real economy
html On August 18, Premier Li Keqiang chaired an executive meeting of the State Council to deploy measures to reduce corporate financing costs and personal consumption credit costs. Increase financial support for the real economy. The
meeting pointed out that the current economy continues to recover and develop, but there are still slight fluctuations. It is necessary to implement the deployment of the Party Central Committee and the State Council, increase fiscal and monetary policies to support the real economy in a targeted manner, further consolidate the foundation for economic recovery, and keep the economy operating within a reasonable range. The quota space for local special debt shall be revitalized in accordance with the law. Improve the formation and transmission mechanism of market-oriented interest rates, give full play to the guiding role of loan market quoted interest rates , support the recovery of effective demand for credit, and promote the reduction of comprehensive financing costs for enterprises and personal consumption credit costs. ( Guiding Opinions on Innovation (2022-2025).
The "Guiding Opinions" put forward innovative supply chain financial service methods in "focusing on financial support and promoting large and medium-sized enterprises to work together to improve financing channels and capabilities." Develop supply chain finance, encourage financial institutions to connect with core enterprises in the industrial chain, create comprehensive financial service solutions for upstream and downstream enterprises, and use credit, trade financing, bonds and other tools to support enterprises in the supply chain to improve their financing capabilities. Guide banking institutions to insist on tailoring comprehensive financial service plans based on the characteristics of the supply chain industry chain and financing needs, and appropriately increase accounts receivable, notes receivable, order financing, inventory and on the premise of legal compliance and risk controllability. Financing ratio for warehouse receipt pledge and other businesses. (Department of Industry and Information Technology of Shandong Province)
3. Guangzhou Municipal Government: Support technology companies to issue bonds or conduct stock pledge financing
8 16, The official website of the Guangzhou Municipal People's Government announced the "Guangzhou Action Plan to Promote the Integrated Development of the Innovation Chain and Industrial Chain (2022-2025)".
calls for broadening financing channels for technology companies. Implement the "Leader in Science and Technology Innovation" project to list and list technology companies, establish a backup database for the listing of technology companies, improve the coordination mechanism with domestic and foreign stock exchanges, and focus on promoting the listing of high-tech companies in multi-level capital markets at home and abroad. Track the hard technology start-ups that have been transformed and incubated in Guangzhou universities and scientific research institutes, strengthen full life cycle services for enterprises, and guide the release of the Guangzhou Unicorn List, the artificial intelligence enterprise innovation and development list, the hard technology enterprise cultivation list, List of the top 100 high-tech enterprises to be listed. Build a technology enterprise roadshow center and carry out targeted financing matching activities for enterprises on a regular basis. Guide financial institutions to support corporate innovation and further reduce corporate financing costs. Support technology companies to issue bonds or carry out stock pledge financing, and provide subsidies and support to relevant companies in accordance with relevant regulations.(Guangzhou Local Financial Supervision Bureau)
4. Shanghai Securities Exchange: The new generation of bill business system is online, and the first batch of 51 financial institutions has been put into production.
On August 20, the Shanghai Securities Exchange issued a notice on its official website, clarifying the launch of the new generation of bill business system. The time will be August 20, 2022, and the list of the first 51 financial institutions to be put into operation will be announced (including 23 commercial banks, 18 rural banks, and 10 financial companies).
Starting next week, drawers who issue new bills at these account-opening banks need to follow new operating rules and pay attention to compatibility issues with the old system. (Shanghai Stock Exchange)
2. Industry trends
1, Byte Microcredit’s issuance of 30 billion ABS has been accepted
On August 15, according to consumer financial channel news, Shenzhen Zhongrong Microfinance Co., Ltd., a subsidiary of ByteDance ( All three phases of ABS products issued by Zhongrong Small Loan (hereinafter referred to as: Zhongrong Small Credit) have been accepted.
Since ByteDance became a shareholder, Zhongrong Small Loan has made frequent moves. It first increased its capital several times and increased its capital to 9 billion yuan in April this year. It is currently the third-largest small loan company after Tencent and Ant . loan company. Nowadays, the first issuance of three large-amount ABSs is issued in a row. It is reported that they are shelf quotas and are issued one after another within a few years after one approval. (Consumer Finance Channel)
2, Geely 200 million yuan established Zhejiang Starway Financial Leasing
html On August 15, according to Aiqicha App, Zhejiang Starway Financial Leasing Co., Ltd. was established. The legal representative is TAO SONG, with a registered capital of 200 million yuan. The industry is monetary and financial services, and its business scope includes financial leasing business. The equity penetration chart of Aiqicha shows that the company is indirectly wholly-owned by Zhejiang Geely Holding Group Co., Ltd. . (Business Observer)
3, Zhengzhou Commodity Exchange launched China’s first standard warehouse receipt registration and query system
html On August 15, Zhengzhou Commodity Exchange (referred to as “Zheng Commercial Exchange”) officially launched the first standard warehouse receipt in the domestic futures market. Registration query system. This system relies on the electronic warehouse receipt system of Zhengzhou Commodity Exchange to provide convenient and authoritative standard warehouse receipt registration information query services for futures market members, banks, corporate customers and the public.
Through this system, warehouse receipt holders can query the standard warehouse receipt registration information of themselves or authorized by other warehouse receipt holders, and obtain electronic query reports. The public can also register with the four items of variety, warehouse, warehouse, and stack location. Element conditions, query and verify whether there is a standard warehouse receipt registered by Zhengzhou Commercial Exchange. Banks and other financial institutions, risk management companies and trading companies can use this system to conduct loan financing, commodity pre-trade due diligence, and verify whether the counterparty's pledge or commodity is a standard warehouse receipt in the futures market to prevent financing. and trade risks. (Dahe Finance Cube)
4, Xpeng Automobile Financial Leasing 2.5 billion yuan ABS project status updated to feedback
8 16 According to Shanghai Stock Exchange , "Guojun-Shengang- Xiaopeng Financial Leasing Phase 1-5 Green Asset Support Special Plan (Carbon Neutral)" project status has been updated to Feedback, the update date is August 16, 2022, and the acceptance date is August 2, 2022.
The bond type is ABS, with a proposed issuance amount of 2.5 billion yuan. The original equity holder is Guangzhou Xiaopeng Automobile Financial Leasing Co., Ltd. , and the plan manager is Shengang Securities Co., Ltd. .
According to the investigation, Guangzhou Xiaopeng Automobile Financial Leasing Co., Ltd. was established on June 7, 2018. The legal representative is Xia Heng, and the registered capital is US$125 million. The company's business scope includes leasing business; concurrently operating commercial factoring business related to the main business (limited to financial leasing companies); residual value processing and maintenance of leased properties; car rental, etc. The company is 75% owned by Guangdong Xiaopeng Automobile Industry Holdings Co., Ltd. and 25% owned by XPeng (HongKong) Limited.(Financial world)
5, Tiandao Jinke won the bid for a supply chain finance project of a seaport group in Zhejiang Province
html On August 16, according to Tiandao Jinke news, Tiandao Jinke won the bid for the supply chain finance project of a seaport group in Zhejiang Province. New breakthroughs were made in the expansion, and the company successfully won the bid for the supply chain financial service system project of a seaport group in Zhejiang Province, realizing the successful implementation of Tiandao Industrial Digital Technology comprehensive service model in the port industry application scenario, and creating industrial digital technology covering all cities in Zhejiang Province for the company. The platform lays a solid foundation.
As the first provincial state-owned enterprise in China to intensively operate and manage the province's port assets, the group where this project belongs has actively responded to the national 14th Five-Year Plan's construction requirements for " smart port " and promoted the group's smart port planning and construction with high quality. and the construction of its digital supply chain service platform. We are committed to realizing the goal of strengthening, protecting and replenishing the supply chain and industrial chain through precise financial services. (Tiandao Jinke official account)
6, Minnong Cloud Warehouse, a subsidiary of Minsheng E-commerce , has generated more than 50 transferable digital warehouse receipts
html On August 18, Minxi Technology, a subsidiary of Minsheng E-commerce, announced that it has made the first transferable corn in China. Since the implementation of the digital warehouse receipt standard, Minnong Cloud Warehouse, its comprehensive supply chain digital service platform, has generated more than 50 transferable digital warehouse receipts, corresponding to more than 100,000 tons of corn assets. This also means that these corn assets have digital identities and can quickly enter financing, circulation and other fields. Up to now, Minxi Technology has cooperated with dozens of core enterprises in the grain industry such as Oriental Group , New Hope Liuhe , COFCO, and Tongliang, and has built more than 60 projects in Inner Mongolia, Heilongjiang, Liaoning, Henan and other places. Grain intelligent supervision warehouse, grain that has reached a service agreement Food assets exceed 3 million tons, and it has helped upstream and downstream enterprises in the grain supply chain obtain contracts from more than 10 banks including China Construction Bank, Shanghai Pudong Development Bank, Jiujiang Bank, Zhongyuan Bank, Zheshang Bank, and Xiamen International Bank. 7 billion yuan in credit. (China Fortune Network)
7. The balance of inclusive small and micro loans of Ping An Bank exceeded 420 billion yuan in the first half of the year.
8. On August 18, Ping An Bank held the 2022 semi-annual performance report meeting. In the first half of the year, the bank continued to focus on corporate social responsibility and sustainability. development, and has delivered an impressive report card in terms of rural revitalization, green finance , and supporting the real economy. Among them, in the first half of the year, there were 960,000 inclusive small and micro enterprises with loan balances of 427.323 billion yuan, an increase of 11.8% from the end of the previous year. (South Plus)
8, JD Technology helps the upstream and downstream of the waste battery industry chain to jointly build
htmlOn August 19, according to China Science and Technology News Network, Tianqi Shares and JD Technology jointly developed the entire industry chain for the recycling and reuse of lithium batteries. , through the construction of the "1+3+N" project, create a "lithium battery recycling integrated platform" with "one general platform, three types of functional positioning, N subsystem support, and support for access to multiple financial institutions", focusing on solving current problems The problems of small scale and difficult financing for lithium battery recycling enterprises should be promoted to standardize the lithium battery recycling industry and establish a closed loop of lithium battery recycling industry.
Jingdong Technology relies on the advantages and accumulation of supply chain financial technology to "understand the supply chain better, and understands small, medium and micro enterprises better" to create a supply chain financial technology service platform for Tianqi, using receivable financing, procurement financing, and battery installment products and other capabilities to resolve the current difficulties of small scale and difficult financing for lithium battery recycling enterprises. (China Science and Technology News Network)
9, State Grid’s “Electric e-Financial Services” Lanzhou Service Station was unveiled
html On August 19, according to Xinhuanet’s Gansu Channel report, on August 18, the State Grid’s “Electric e-Financial Services” Gansu Center was unveiled at the State Grid Lanzhou Power Supply Company held the unveiling ceremony of Lanzhou Service Station.
"Electronic e Financial Services" is a digital industry chain financial service platform independently created by the State Grid Corporation of China. It was launched online on May 15, 2020. Currently, there are 82 products on the "Dian e Financial Services" platform, and there are three major categories of products that are mainly promoted and implemented in Gansu.Among them, supply chain finance products such as accounts receivable factoring and financial leasing are recommended for upstream companies in the supply chain; electricity bill finance products such as e-loans and e-tickets are recommended for downstream companies in the supply chain; for all suppliers Chain companies recommend insurance protection-type property insurance, personal insurance, deposit insurance, etc. State Grid Gansu Province Company will select all the above financial products for comprehensive promotion throughout the province through two years of actual operation and analysis. ( The method of paying electricity bills has successfully implemented a single upstream and downstream financial business of 200 million yuan in the supply chain in Wenshan City . This is also the first supply chain financial product in Yunnan that benefits three parties.
This time, Yunnan Power Grid Corporation and China Southern Power Grid Finance Company Yunnan Branch have included Fudian Bank in the white list of China Southern Power Grid Financial Company through on-site research, data collection, credit score calculation and other comprehensive evaluations, and have processed a 500 million yuan peer Credit . At the same time, after multiple rounds of negotiations, we secured a one-year working capital loan of 500 million yuan for users, reduced by 30 loan basis points, and used financing tools to pay electricity bills, achieving a win-win situation for electricity users, banks, and the local economy. (Yunnan Daily)
(Compiled and edited by: Yu Yi Binghe)
