In the capital era, where is the integration of industry and finance in the large infrastructure industry chain?

Since the Central Economic Work Conference at the end of 2018 proposed “accelerate the pace of 5G commercial use, strengthen the construction of new infrastructure such as artificial intelligence, industrial Internet, and the Internet of Things”, the concept of new infrastructure was born and was included in the 2019 government work report Later it became a continuous hot topic.

But at the same time, in recent years, in the context of economic structural transformation, China's economy has also faced multiple pressures such as the trade war and the new crown epidemic. Behind the new infrastructure, a wider range of large infrastructure has become an important field in my country's industrial chain. The focus of much attention. From a definition point of view, large infrastructure construction is a general term that encompasses infrastructure construction industries including new infrastructure construction. For my country's economic development, large infrastructure construction is the most basic foundation industry. It should be noted that large infrastructure construction is usually a capital-intensive industry, which inevitably requires high investment. Judging from the data in recent years, the infrastructure stock is relatively large, with an annual investment of about 17 trillion yuan, accounting for about 20% of the total annual GDP. The article "Analysis of Financial Solutions for the Construction Industry Supply Chain under the Background of Large Infrastructure Construction" pointed out that

According to statistics announced by the Development and Reform Commission of several major provinces and cities in early 2020, the total annual infrastructure investment plan announced by 16 provinces and cities will reach 34.4 trillion yuan. On the other hand, due to the characteristics of the industry, the huge capital demand brought by the infrastructural boom cannot be underestimated. In addition to financial allocations, modern finance can also achieve financing through diversified means such as bank financing, funds, and supply chain finance.

The construction industry is most directly affected by the infrastructural boom. Since the construction industry industry chain is usually long, the transaction advances are large and time-consuming, and are mostly settled according to the progress of the project. Therefore, the financing of the construction industry is mainly to solve the problem of upstream and downstream payment-supply chain finance has thus become more appropriate s method.

How to tap the greatest potential of the large infrastructure industry chain? How can the digital supply chain finance and industry integration be applied to the large infrastructure industry chain and make it rejuvenate? All of the above are issues worthy of further investigation.

From the perspective of the service entry point of supply chain finance, the supply chain financing products of the large infrastructure industry chain should meet the financial needs of the group's capital management, bidding, wages on behalf of the group, and centralized procurement. Wanwang has found that some high-quality companies have taken the lead. Walk on the road of supply chain finance practice in the large infrastructure industry chain.

Take the construction of the largest B2B e-commerce platform in my country's construction industry as an example. Public information shows that Zhujicai was established in September 2014. It is an explorer of my country's modern construction industry Internet. It is the first to propose a supply chain strategy in the industry to empower the modern construction industry with precise supply chain management + ecosystem, and is active Explore the technology of supply chain finance (traceability) to allow inclusive finance to serve small and medium-sized enterprises.

Specifically, by tapping the value of digital technology, Zhuji Sourcing improves its own capabilities and service levels from multiple dimensions such as products, risk control, technology, and operations, and provides financial products and data risk control for enterprises, financial institutions, and government agencies. A series of diversified, customized and intelligent scientific and technological services such as IT systems and product landing operations. Realize the sustainable development of the industrial chain ecosystem in the form of scientific and technological services. At present, there are more than 100 core purchasing groups and nearly 30,000 suppliers on the platform. In 2020, the transaction amount will reach more than 50 billion.

In addition to the industrial Internet platform, some companies focusing on supply chain finance business have also emerged, and China National Financial Factoring is one of them.

Wuxi Guojin Commercial Factoring Co., Ltd. is a state-owned holding joint venture company jointly established by Wuxi Transportation Industry Group and Shengye Capital, the first supply chain financial technology company listed on the main board of the Hong Kong Stock Exchange in Mainland China. It mainly focuses on transportation infrastructure, The two major pharmaceutical industries serve large state-owned enterprises such as China Construction, China Railway, and Sinopharm, and provide services for their upstream and downstream. It uses online risk control, big data customer portraits, intelligent operating platforms and other technological means to serve the supply-side reform of the national strategy, which not only reflects the social responsibility of state-owned enterprises, but also maintains the market-oriented exploration of financial technology innovation to help realize industry and finance Integrate and inclusive finance policy goals.

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