保障中小企业合法权益！供应链金融业务迎严监管

Core Viewpoint - The People's Bank of China, along with several regulatory bodies, has issued a notification to standardize supply chain finance practices, enhance financial services for the real economy, and mitigate potential financial risks, effective from June 15, 2025 [1] Group 1: Supply Chain Financial Practices - Financial institutions and core supply chain enterprises have been providing information services and technical support for supply chain finance activities through information service systems, which have been beneficial for small and medium-sized enterprises (SMEs) [1] - However, there are risks such as excessive credit expansion by core enterprises and a lack of necessary standards and management regulations for supply chain information service systems [1] Group 2: Payment Terms and Financial Support - The notification stipulates that the payment term for accounts receivable electronic vouchers should generally be within 6 months and not exceed 1 year, ensuring timely payments to SMEs [2] - It emphasizes that core enterprises must not exploit their position to delay payments or impose unreasonable payment terms on SMEs [2] - The notification encourages commercial banks to develop diverse supply chain finance models and support SMEs in obtaining credit loans and financing based on orders, inventory, and other assets [2] Group 3: Risk Management and Compliance - Commercial banks are required to enhance risk management in supply chain finance, including monitoring the overall debt of core enterprises to prevent excessive credit and misuse of supply chain finance [3] - Supply chain information service institutions must not engage in financial activities without proper authorization and should avoid transforming information intermediaries into credit intermediaries [3] - Regulatory bodies will guide self-regulatory organizations in the supply chain finance industry to establish management rules and conduct risk monitoring [3]