山东省投融资担保集团“供票+担保”模式打通产业链“毛细血管”

Core Viewpoint - Shandong Provincial Investment and Financing Guarantee Group has pioneered the "Supply Chain Bill + Guarantee" model, which connects directly to the national supply chain bill platform, enhancing credit guarantees for small and micro enterprises and promoting inclusive finance [1][22]. Group 1: Innovation and Impact - The "Supply Chain Bill + Guarantee" model allows small micro enterprises to achieve "de-core financing," reducing reliance on core enterprises and enhancing access to financing [2][4]. - The model has provided over 400 billion yuan in guarantee loans to 620,000 small micro enterprises and agricultural entities in Shandong Province [2]. - This innovation creates a new ecosystem where government guarantees and market-based bill tools work together, forming a full-chain service that supports small enterprises and stimulates employment and consumption [2][22]. Group 2: Mechanism and Strategy - The model integrates government credit with commercial credit, allowing for a more effective flow of credit through the supply chain, reaching the end of the chain where small enterprises operate [3][4]. - It utilizes the unique characteristics of bills under the "Negotiable Instruments Law," allowing for 100% unconditional guarantees, thus enabling financing without the need for core enterprise verification [4][6]. - The model supports "multi-guarantee institution joint guarantees," enhancing collaboration among multiple parties to improve service quality [7]. Group 3: Financial Ecosystem and Support - The model aligns with the revised "Regulations on Payment of Small and Medium Enterprises," ensuring that small enterprises maintain their payment autonomy and avoid extended payment terms [6][9]. - It aims to stabilize employment and stimulate consumption by lowering financing costs for small enterprises, which can lead to increased employee income and reduced product prices [13][22]. - The model is designed to facilitate the securitization of supply chain bills, connecting the bill market with the capital market, thus providing a direct financing channel for small micro enterprises [15][16]. Group 4: Future Development and Collaboration - The company is exploring partnerships with core enterprises in the supply chain to set entry standards, enabling upstream suppliers to achieve "de-core" financing through guaranteed supply chain bills [20]. - The model is expected to enhance the role of banks in providing financing support and participating in the securitization of supply chain bills, thus benefiting both financial institutions and small enterprises [14][22].