Qian Zhan Wang·2025-07-25 03:14Core Insights - The article discusses the diverse types of supply chain finance products in China, emphasizing their role in enhancing liquidity for enterprises through various financing solutions [1][3]. Product Types - Supply chain finance products are categorized into four main types: accounts receivable financing, prepayment financing, inventory financing, and others, aimed at revitalizing enterprise liquidity [1][3]. - Accounts receivable financing involves transferring receivables to a financial institution for funding, which includes comprehensive services like receivables management and bad debt guarantees [3][4]. - Prepayment financing is primarily used for downstream financing of core enterprises, with two main business models: "first invoice then payment" and "warehouse receipt financing" [8][10]. - Inventory financing is divided into inventory financing and warehouse receipt financing, with the latter further categorized into standard and ordinary warehouse receipts [10]. Specific Product Details - Recourse Factoring: A type of factoring where the factor has the right to reclaim funds from the financing party if receivables cannot be collected [4]. - Leasing Factoring: Provides financing based on receivables from leasing companies, similar to a "re-factoring" service [4]. - Accounts Receivable Pledge Financing: Involves pledging accounts receivable as collateral for short-term loans, requiring notification to core enterprises for confirmation [6]. - Standard Warehouse Receipt Financing: Involves using standard warehouse receipts as collateral, primarily for commodities like soybeans, copper, and aluminum [10]. - Ordinary Warehouse Receipt Financing: Utilizes ordinary warehouse receipts for financing, requiring clear ownership of the pledged goods [10]. Industry Impact - Supply chain finance plays a crucial role in promoting economic development by helping enterprises activate their liquid assets, including receivables, prepayments, and inventory [3].