Recently, Bank of China Guizhou Branch successfully handled the first supply chain finance business of "selling easy to reach", provided financing services for a company in Zunyi City, accurately irrigated downstream distributors, and effectively promoted the coordinated development of the entire industrial chain. The successful implementation of this business has provided a new successful example for BOC to smooth the supply chain of finance and serve the development of Guizhou's real economy.

Sales easy to reach business refers to that in the transaction of settlement methods such as delivery upon payment or payment upon delivery, the core enterprise of the supply chain (the seller) provides credit support to its recognized downstream enterprises (the buyer) in order to expand sales and accelerate capital withdrawal. By binding the responsibilities of the core enterprise, Bank of China occupies the seller's credit line in full to provide financing for the buyer's enterprise, The financing funds are used for the business of the buyer paying the seller for goods.

At the beginning of 2024, in the course of visiting enterprises, BOC Guizhou Branch learned that an enterprise in Zunyi was restricted by the shortage of funds due to its downstream dealers, which led to the increase of enterprise accounts receivable and the growing financial pressure, so it urgently needed the bank to provide financing assistance for dealers.

Through detailed understanding of customers' needs, the Bank analyzed and judged the characteristics of customers' financing needs, accurately matched "SELIDA" financing products for customers, and directly financed their dealers. On the one hand, it helps the seller enterprises as the core of the supply chain to expand sales, reduce accounts receivable, reduce financial costs, and optimize financial statements; On the other hand, it also provides timely and efficient financing support to downstream buyers by binding the responsibilities of core enterprises to ease the financial pressure.

In recent years, BOC Guizhou Branch has actively promoted the application of advantageous products and featured businesses in supply chain finance, helped enterprises to solve difficulties, and vigorously improved the competitiveness of trade finance market. The successful implementation of "SELIDA" business is a successful attempt of the Bank to actively adapt to market changes and constantly enrich business varieties and comprehensively enhance market competitiveness, which not only solves the customer's capital needs, but also stimulates the industrial vitality, further enriching the Bank's supply chain trade financing product system.

It nourishes node enterprises and the whole industry. BOC Guizhou Branch will be more proactive in coordinating with enterprises, timely and comprehensively understand the needs of enterprises, and do a good job in "selling easy to reach" products from "1" to "N" The replication, promotion and application of, build a "win-win chain" service with supply chain finance, widely introduce financial live water precision drip irrigation industrial chain, continue to boost market confidence, stimulate the vitality of business entities, and promote high-quality development of the real economy.

Author Zheng Bin

Edited by Xu Fanfang

Second instance Li Jie

Third instance Liu Dan