In order to thoroughly implement the decision-making and deployment of the CPC Central Committee and the State Council, do a good job in financial support to stabilize enterprises and ensure employment, accurately serve the integrity and stability of the supply chain industrial chain, and promote a virtuous economic cycle and optimize the layout, 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 and administration, the General Administration of market supervision, the banking and Insurance Regulatory Commission and the State Administration of foreign exchange issued the "on standardized development" Opinions on supply chain finance supporting stable circulation and optimization and upgrading of supply chain industrial chain (YF [2020] No. 226, hereinafter referred to as "opinions").
The opinions put forward 23 policy requirements and measures from six aspects, such as accurately grasping the connotation and development direction of supply chain finance, steadily promoting the standardized development and innovation of supply chain finance, strengthening the construction of supporting infrastructure of supply chain finance, improving the policy support system of supply chain finance, preventing the risk of supply chain finance, and strictly supervising and restricting the supply chain finance.
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.
According to the opinion, financial institutions and entity enterprises should strengthen information sharing and collaboration, improve the overall financial service level of the industrial chain, and improve the online and digital level of supply chain financing settlement. We should improve the standardization and transparency of accounts receivable, improve the financing efficiency of accounts receivable of small and medium-sized enterprises, support the opening and repair of global industrial chain, standardize the development of supply chain inventory, warehouse receipt and order financing, and enhance the risk guarantee support for supply chain finance.
According to the opinions, we should improve the functions of the bill platform of the supply chain, promote the unified registration and publicity of chattel and right guarantee, optimize the supervision and review rules of supply chain financing, and establish a credit constraint mechanism. We will strengthen the prevention and control of credit risk of core enterprises, operational risk of supply chain financial business, risk of false transaction and repeated financing, and risk of financial technology application.
The opinions stressed that large enterprises in the supply chain should strictly pay discipline and confirm the rights of accounts, and should not squeeze the interests of small and medium-sized enterprises. All kinds of institutions should strictly abide by the national macro-control and industrial policies to strengthen business compliance and risk management.