2 1 Shi Ji Jing Ji Bao Dao·2025-09-25 10:31Core Insights - The stability and efficient operation of supply chains are crucial for enhancing industrial competitiveness in the context of profound changes in the global economic landscape and ongoing domestic macro policies aimed at expanding domestic demand [1] Group 1: National Subsidy Policy - The national policy for "large-scale equipment updates and consumer goods trade-in" is expected to create market opportunities while testing the efficiency of policy implementation [2] - JD Supply Chain Financial Technology utilizes a "consumer finance + supply chain finance" collaborative model to create a closed loop of "demand activation and supply assurance" [2] - The introduction of products like "Jingbaobei," "Order Loan," and "Pledge Loan" addresses the pain points faced by enterprises under national subsidy policies, providing comprehensive funding coverage from procurement to sales [2] Group 2: Financial Support for Businesses - JD Supply Chain Financial Technology has launched significant financial support policies ahead of the 2025 Double 11 shopping festival, including interest rate reductions for core products [3] - The "Jingbaobei" product offers a first loan annual interest rate as low as 3.8%, with rapid disbursement capabilities [3] - The "Order Loan" and "Pledge Loan" have reduced first loan interest rates to 5%, with dynamic pledge technology allowing for quick approval and disbursement [3] Group 3: Domestic Computing Power - The rise of domestic computing power is creating increased demand in the supply chain, with JD Supply Chain Financial Technology responding by expanding its "Pledge Loan" service to the server sector [4] - JD has supported nearly 20 domestic computing power enterprises, helping them overcome funding bottlenecks during critical technology iteration periods [4] - The integration of "finance + warehousing + logistics" services enhances supply chain management efficiency for computing power companies [4] Group 4: Cross-Border Financial Services - JD Supply Chain Financial Technology is expanding its cross-border financial service capabilities in line with JD Group's internationalization strategy [5] - A new cross-border logistics pledge loan product was launched in September 2025, with plans to provide up to $1 billion in financing support for overseas clients by 2026 [5] - JD's global reach includes over 100 countries and regions, with cross-border financial products aimed at facilitating procurement financing for companies venturing abroad [5] Group 5: Overall Impact and Future Outlook - JD Supply Chain Financial Technology serves as a "converter" between policy dividends and market demand, helping enterprises resolve funding challenges and enhancing the overall quality and efficiency of the industrial chain [6] - As of June 2025, JD Supply Chain Financial Technology has facilitated over 500 billion yuan in annual financing, serving more than 3,000 large enterprises and over 2 million small and medium-sized enterprises [6] - The company aims to continue driving high-quality economic development in China through data-driven and scenario-based approaches [6]