Sou Hu Cai Jing·2025-10-18 02:56Core Insights - The article highlights the successful implementation of China's first domestic factoring supply chain finance business utilizing digital RMB smart contracts, marking a significant innovation in financial services for small and medium-sized enterprises in the industrial chain [1] Group 1: Business Implementation - The business was launched under the guidance of the Yangzhou municipal government, the People's Bank of China Yangzhou branch, and the Postal Savings Bank of China [1] - The operation leverages the Postal Savings Bank's "U Chain" supply chain finance platform, integrating the programmability of digital RMB with smart contract technology [1] Group 2: Process Overview - The core enterprise, Jiangsu ** Construction Engineering Co., Ltd., confirmed accounts payable to the supplier, Yizheng City ** Building Materials Trading Co., Ltd., which initiated a financing request online [1] - The smart contract automatically generated contract certificate information based on the borrowing agreement, enabling a fully online and automated financing process [1] Group 3: Future Plans - The Postal Savings Bank's Yangzhou branch plans to deepen its digital transformation and replicate this model across more industrial scenarios [1] - The bank aims to fully utilize digital RMB smart contracts to enhance the quality and efficiency of the supply chain finance ecosystem [1]