On the afternoon of September 8th, Jiang Zhuoqing, Director of the Standing Committee of Shanghai Municipal People's Congress, visited the Bank of Shanghai for research on the promotion and development of supply chain finance in Shanghai. Wu Jincheng, Chairman of Shanghai Municipal Commission of Economy and Informatization, attended the meeting and gave a special introduction to the promotion of the city's supply chain finance.
Mr. Jiang pointed out that in the current special period, the municipal units attaches great importance to the construction of the development environment of small and medium-sized enterprises (SMEs), and strives to promote the implementation of the regulations on the development of SMEs. The promotion of supply chain finance is related to SME financing, and to the smooth circulation of industry and the realization of regional circular development strategy of Yangtze River Delta integration. He asked relevant units to strengthen the research on financial operation and supervision, deepen the cooperation between banks and core enterprises, further play the role of financial leverage, significantly increase the proportion of financing guarantee in industrial chain and supply chain, and introduce financial products into government procurement to promote industrial innovation with financial innovation.
Mr. Wu introduced that Shanghai Municipal Commission of Economy and Informatization actively supports commercial banks to unite with large enterprises and rely on supply chain finance to increase credit, control risks and reduce costs for industrial chain enterprises, so as to promote the financing and development of large, medium and small enterprises. The Commission will encourage Internet enterprises to build platforms, large enterprises to set up platforms or financial companies, support financial institutions to develop targeted financial innovative products, and explore the use of big data service supply chain and Inclusive Finance.
At the meeting, the Bank of Shanghai introduced the innovation of supply chain finance business of commercial banks. Shanghai Municipal Finance Bureau introduced the financial policy support.The Eighth Construction Bureau, Pateo and Yuezhen introduced the practices and exploration of supply chain finance. Relevant personnel from the Finance and Economic Commission of Shanghai Municipal People's Congress, Shanghai Municipal Finance Bureau, and the SME Office of the Commission attended the meeting.
