Changzhou's Supply Chain Public Service Platform has recently achieved a significant milestone, surpassing a total transaction volume of 30.76 million yuan. This achievement follows the successful issuance of 10 digital debt certificates, valued at approximately 10.42 million yuan, by a local energy company. The financing was made possible with additional credit support from Industrial Bank’s Changzhou branch.

Launched on August 15, 2024, the platform was developed by Jiangsu Changlian Yifang Digital Supply Chain Technology Co., Ltd., a subsidiary of Changzhou Investment Group. It is the first government-led supply chain platform of its kind at the municipal level in China.

Notably, the platform introduces the innovative "Supply Chain Finance +" model, combining big data cross-validation with a shared risk mechanism involving banks, insurance companies, and guarantees. This system encourages financial institutions to reduce their reliance on and move beyond traditional collateral requirements, thus opening new avenues for financial support for promising enterprises. On the very day of the platform’s launch, a representative from a materials technology company in the Pengshan Economic Development Zone in Meishan city, Sichuan province, secured a 10 million yuan financing through the platform.

Looking ahead, the platform plans to integrate 15 banks and onboard 50 core enterprises by the end of the year. It also aims to attract between 400 and 600 new supply chain customers, gradually expanding its reach across key industrial sectors within Changzhou's "1028" industrial system, which includes 10 major industrial clusters and 28 major industrial chains.

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