On October 28, 2021, digital innovation, the future of the chain The official launch conference of the "Xuane Chain" product of Anhui South Rural Commercial Bank was successfully held in Xuancheng City. The press conference was hosted by Anhui South Rural Commercial Bank, co-organized by Xuancheng State-owned Capital Investment and Operation Holding Group Co., Ltd., China Enterprise Chain Construction Technology Co., Ltd., and undertaken by Xuancheng Chain City Technology Co., Ltd.
The conference brought together representatives from Xuancheng People's Government, Xuancheng Local Financial Supervision and Administration Bureau, a number of commercial banks and enterprises in the field of infrastructure construction, and opened an in-depth discussion on the theme of "Digital Innovation, Future on the Chain". At this meeting, the "Xuane Chain" product of Anhui South Rural Commercial Bank was officially launched. In order to accelerate the digital transformation, improve the supply chain financial service system, and practice the real economy of financial services, Anhui South Rural Commercial Bank cooperated with Xuancheng Chain City Technology Co., Ltd. to innovate the financing model of small and medium-sized enterprises, and use the good credit of core enterprises and digital debt certificates of multi-level transaction receivables for financing, broaden the financing channels of enterprises, and realize inclusive finance of the whole industry chain of the supply chain.
At the beginning of the meeting, Zhang Jie, secretary of the Party Committee of Anhui South Rural Commercial Bank, the organizer of the conference, delivered a speech on the theme of "Science and Technology Leading the Future and Innovating to Serve the Real Economy". Since its establishment, Anhui South Rural Commercial Bank has adhered to the market positioning of "serving the three rural areas and serving small and medium-sized enterprises" and adhered to the original intention of unimpeded "financial bloodline". The launch of the "Xuane Chain" product further makes up for the gap in the supply chain financial products of the Anhui South Rural Commercial Bank, which is the product of the science and technology development of the Anhui South Rural Commercial Bank, the deepening of the transformation and reform of traditional banking business guided by science and technology, and the "Xuane Chain" product has achieved the first breakthrough in the rural credit system, focusing on the regional infrastructure ecology, taking urban investment enterprises as the credit core, and providing financing facilitation services for small and medium-sized enterprises on the chain. In the future, Xuane Chain will empower urban infrastructure construction with science and technology, improve the availability of financial products for construction enterprises and small and medium-sized construction suppliers with the supply chain industry chain as the axis, and improve the depth and breadth of financial products and services. Adhere to innovation and leadership, with the help of supply chain financial service platforms such as "Xuancheng Chain", organically combine digital scientific and technological achievements with real economic scenarios, and comprehensively improve the quality and efficiency of financial services to show "financial responsibility" in helping the construction of major projects in our city, optimizing the ecology of urban infrastructure production and finance, and promoting the transformation of industrial structure.
Immediately afterward, Peng Bin, general manager of Xuancheng State-owned Capital Investment and Operation Holding Group Co., Ltd., made a speech on "innovative development of supply chain finance and promotion of optimization and upgrading of infrastructure industry". As a practitioner of Xuancheng city construction, Xuancheng State Holding Group has been undertaking the three strategic tasks of operation and disposal of state-owned assets in Xuancheng, state-owned equity management, and state-owned capital investment and financing, and shoulders the heavy responsibility of promoting urban infrastructure construction, improving urban functions and improving the quality of urban construction. Urban investment companies have inherent advantages in developing supply chain finance. As the builder of the city, the city investment company is highly familiar with the regional industry, rooted in the local long-term deep ploughing, close cooperation with financial institutions, and has a good entry point and resource base to carry out supply chain financial services. Supply chain finance can help urban investment companies to achieve modernization and transformation, integrate regional resources, promote the marketization, diversification and group development of enterprises, and upgrade urban investment companies from simple city builders to operating cities and industry leaders. In the future, Xuancheng State Holdings Group will continue to spare no effort to devote itself to the construction of Xuancheng City, and with the help of innovative supply chain financial products such as "Xuane Chain", introduce financial living water into the infrastructure supply chain, establish a commercial mechanism for supply chain coordination, and enhance the coordinated development level of upstream and downstream enterprises in the infrastructure supply chain. Promote the overall cost reduction and efficiency of the supply chain, matching supply and demand, realize the optimization and upgrading of Xuancheng infrastructure industry, and create a new ecology of Xuancheng infrastructure industry and finance.
Subsequently, Xu Xuewu, chairman of CE Chain Technology Co., Ltd., shared the topic of "Technology Empowers Industry Development, Digitalization Leads Industrial Change". In January this year, Xuancheng State-owned Capital Investment and Operation Holding Group Co., Ltd. (Xuancheng State Holdings) and China Enterprise Chain Technology Co., Ltd. (China Enterprise Chain) jointly created China's first infrastructure supply chain technology service platform - Xuancheng Chain. "Xuan e Chain" links the Xuancheng Chain Construction Infrastructure Supply Chain Platform, and technically makes full use of the most cutting-edge digital technologies such as blockchain, cloud computing, big data, and AI, and realizes the closed-loop management of the whole chain of supply chain finance such as the issuance, circulation, splitting, and financing of digital debt certificates. The cooperation between Anhui South Rural Commercial Bank and Xuancheng Chain enables the "Xuane Chain" to go deep into the infrastructure construction scene, build a localization infrastructure supply chain platform in Xuancheng, and realize the issuance, acceptance, confirmation, payment, transfer, pledge, redemption and other businesses of blockchain receivables. While helping the government investment and financing platform to achieve "reducing leverage and reducing costs" and solving the problem of "financing difficulties and expensive financing" for construction enterprises, it also improves the income of banking financial business, helps to obtain customers in batches, and realizes mutual benefit and symbiosis and win-win results for core enterprises, multi-level suppliers, banks and other financial institutions.
Under the joint witness of the leaders and on-site guests, Sun Laifu, vice mayor of Xuancheng People's Government, Huang Bangming, fourth-level researcher of Xuancheng Local Financial Supervision and Administration Bureau, Zhang Jie, secretary of the Party Committee of Anhui South Rural Commercial Bank, Peng Bin, general manager of Xuancheng State-owned Capital Investment and Operation Holding Group Co., Ltd., and Xu Xuewu, chairman of China Enterprise Chain Construction Technology Co., Ltd., took the stage to complete the official launch ceremony of "Xuane Chain", which also opened a new chapter in Xuancheng infrastructure supply chain finance!
In the second half of the meeting, Chen Juan, deputy general manager of the business management department of Anhui South Rural Commercial Bank, took the stage to introduce the "Xuane Chain" product for everyone. The "Xuan e Chain" product was born under the guidance of national policies, and realizes the circulation of electronic debt certificates through four links: opening, signing, using and redeeming. The "Xuane Chain" can enrich the application scenarios of existing financial products, reduce the financing costs of small and medium-sized enterprises, enhance the refinancing ability, improve the management capabilities of core enterprises, and improve management efficiency. The "Xuan e Chain" will boost the future digital development process of Anhui South Rural Commercial Bank.
Subsequently, Li Weimin, deputy general manager of Xuancheng City Political Construction Group Co., Ltd., shared the experience of supply chain financial products for the guests present. Xuancheng City Construction Group, as the first company to cooperate with Xuancheng Chain construction chain in infrastructure supply chain finance business, has accumulated rich experience and resources in just half a year, and has become a pioneer and practitioner of full-link management in Xuancheng Infrastructure. In addition, through the cooperation with Xuancheng Construction Chain, The Municipal Construction Group has successfully helped more than 60 small and medium-sized suppliers solve the financing dilemma, demonstrating its social responsibility as a construction enterprise. Supply chain finance has shown excellent vitality in the fields of building materials procurement, construction and construction, which can not only help construction enterprises alleviate the construction cycle and capital pressure, but also promote the healthy development of enterprise cash flow by revitalizing multi-cycle accounts receivable of infrastructure.
At the end of the meeting, Anhui South Rural Commercial Bank signed a contract with Xuancheng East New Town Development Co., Ltd. and Xuancheng City Political Construction Group Co., Ltd., opening a new chapter in Xuancheng's supply chain financial development and digital intelligence innovation.
"Xuane Chain" is the crystallization of the cooperation between Anhui South Rural Commercial Bank and Xuancheng Chain City Technology Co., Ltd., an important innovative measure for Xuancheng banking industry, and a vanguard of digitalization leading industry change and promoting the innovative development of supply chain finance. The launch of the "Xuane Chain" supply chain financial service platform of Anhui South Rural Commercial Bank is not only an innovative measure to implement the deployment requirements of the central and provincial governments on effective financial support for the real economy and standardize the development of supply chain finance, but also an active exploration of mutual benefit and win-win results with provincial and municipal state-owned enterprises, private small and medium-sized enterprises, and financial technology companies.
The next decade will be a critical decade of digital transformation for banks. Anhui South Rural Commercial Bank and Xuancheng Chain City Technology Co., Ltd. will take this conference as an opportunity to seize the opportunity of the bank's digital transformation, base on the new era, implement the new development concept, and help more small and medium-sized enterprises solve the problems of financing difficulties and expensive financing.