Photo: A container terminal of Dalian Port in the Dalian Area of the China (Liaoning) Pilot Free Trade Zone.
BEIJING, March 5 (Xinhua) -- A new model to resolve financing for the small and medium-sized enterprises (SMEs) has been recently rolled out in the Dalian Area of the China (Liaoning) Pilot Free Trade Zone (FTZ), according to the local newspaper on Friday.
The new model featuring "factoring + bills + big data" through a smart financial service platform aims to solve the financing problems of SMEs in the fields such as shipping and cold chain.
After the launch of the new model, the SMEs with financing needs can sign contracts with factoring companies and supply chain companies, respectively, to obtain funds through a combination of "commercial factoring + bill discounting".
It is learned that the new model can achieve effective supervision of the flow of funds, reduce the risk of capital loss, and promote a substantial increase in the business volume of enterprises.
Meanwhile, the smart financial service platform adopts big data, cloud computing, blockchain and other technological means to form corporate profile and risk control model, which transforms the originally subjective judgment of corporate credit into objective decision-making based on big data, according to the report. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)
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