Rebound and Rebuild - Maverick's Approaches to Finance Ecology in the Global Change Forum, co-organized by Cedar International Trust and New Fortune was held in Shenzhen on 28 November of the year.
Photo: Live photo of the of forum
The forum focuses on how the supply chain empowers the new financial ecology to provide a new driver for the high-quality real economy growth in the global change. The forum also gives insights into the development trend of the block chain technology and the relevant challenges and opportunities. Jia Kang, Chief Economist of Huaxia Supply Economics Research Institute, and Chen Xiangfeng, Director of International Supply Chain Finance Research Center, Fudan University gave keynote speeches.
Xue Changqin, Editor-in-chief and General Manager of New Fortune said in her speech that the new round of technology revolution and industrial transformation was sweeping across the globe. With the advance of supply chain finance, AI, block chain and other cutting-edge technologies, fintech innovation is overhauling the financial ecology and service patterns. The block chain technology is capable of building trust among all stakeholders of the supply chain finance, and thus has more application scenarios than any other in the financial sector.
Photo: Xue Changqing, Editor-in-chief and General Manager of New Fortune
As the Chinese economy has moved from high-speed growth to high-quality growth, how to get out the middle-income trap has become one of the most debated issues in the current Chinese economy development.
According to Jia Kang, the key for China to get out of the middle-income trap is to strengthen the protective role as the commodities supply chain. Although China has become the world factory, there is still not even one giant covering a whole industrial chain. With the supports from the financial sector, such a giant will be there soon. The supply chain financial innovation is a very important factor to the efficiency improvement of the entire supply chain.
The supply chain is home to many SMEs while traditional financial institutions such as banks, trusts and insurance prefer top companies when granting loans. In such an imbalance of the financial resources distribution, many of SMEs have difficulties and high costs of financing.
Jia Kang said that supply chain finance could meet the financial needs of many small and micro businesses. The block chain technology will be able to bring unprecedented opportunities to supply chain finance.
(Source: Official website of Cedar Holdings)
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