【行业前瞻】2025-2030年中国供应链金融行业发展分析

Core Viewpoint - Supply chain finance is a crucial financing model aimed at connecting core enterprises with upstream and downstream companies, addressing the financing difficulties of small and medium-sized enterprises, reducing financing costs, and mitigating supply chain risks. It is currently a hot trend in the industrial finance sector [1][4]. Industry Overview - Major listed companies in the supply chain finance sector include Yiyaton (002183.SZ), Lianyi Rong (09959.HK), Zhejiang Dongfang (600120.SH), Feima International (002210.SZ), CITIC Securities (600030.SH), Shingyibao (002095.SZ), and Zhongke Jincai (002657.SZ) [1]. - Supply chain finance is part of industrial finance, which provides financial services to enterprises or organizations within a specific industry [3]. Policy Developments - Since 2023, multiple national departments, including the Financial Supervision Bureau and the Ministry of Industry and Information Technology, have issued numerous guiding opinions and development requirements for supply chain finance across various sectors, indicating its status as a key area for national development [4]. - Key policies include: - In November 2023, the People's Bank of China emphasized increasing support for supply chain finance services for private enterprises [5]. - In October 2023, the Supreme People's Court provided guidance to enhance financing channels for small and medium-sized enterprises [5]. - In August 2023, the Ministry of Industry and Information Technology encouraged banks to increase credit support for upstream and downstream small and medium-sized enterprises [5]. Industry Development Stages - The supply chain finance sector in China has evolved through four stages: - 1.0: Centralized model focusing on one core enterprise providing financing to multiple companies. - 2.0: Integration of logistics, information flow, and capital flow through online models to reduce the bullwhip effect. - 3.0: Platform-based development addressing information asymmetry and resource allocation issues. - 4.0: Digitalization with real-time, customized, and small-scale services, leveraging technologies like AI and blockchain for comprehensive information sharing [7][8]. Market Growth - The asset scale of the supply chain finance industry has shown steady growth, indicating a larger market size and financing demand. From 2018 to 2024, the total scale of supply chain assets in China is projected to grow from 2 billion to 40 trillion yuan, reflecting a robust development phase despite a slowdown in growth rate by 2024 [9].