【对话】数据要素定锚：新规驱动供应链金融多方价值链重塑

Core Insights - The introduction of new regulations in supply chain finance is reshaping the roles and responsibilities of core enterprises, requiring them to adopt an ecological mindset to remain competitive [2][15] - Financial institutions are transitioning from passive risk control to proactive restructuring, focusing on technology, data, and product innovation to build a new risk control system [2][18] - Supply chain financial information service providers are returning to their core business, promoting more standardized practices in supply chain finance [2][23] Market Growth - China's supply chain finance market is projected to grow from 25.2 trillion yuan in 2020 to 41.8 trillion yuan by 2024, with a compound annual growth rate of 13.5% [2] - The total amount of basic assets, including accounts receivable, prepayments, and inventory, is expected to increase from 75.9 trillion yuan in 2020 to 107.6 trillion yuan by 2024, reflecting a 9.1% compound annual growth rate [2] Regulatory Environment - The recent regulations aim to optimize the financing environment for small and medium-sized enterprises (SMEs) and enhance the standardization of supply chain finance [6][8] - A series of policies have been introduced since 2020 to promote the orderly development of supply chain finance, with the latest regulation issued in April 2025 [7][8] Key Drivers of Change - The new regulations focus on three main areas: assisting SMEs with funding challenges, promoting data-driven credit systems, and establishing self-regulatory mechanisms to enhance risk control [12][9] - The shift from core enterprise credit to real transaction data as the basis for trust in supply chain finance is a significant transformation [15][16] Innovations and Upgrades - Supply chain finance is experiencing four major upgrades: optimization of market structure, efficiency improvements through technology, deeper integration of green finance, and enhanced risk control capabilities [13][14] - Innovations in financing tools, risk control methods, and green finance are emerging, with a focus on expanding the range of financing products available [14][26] Role of Financial Institutions - Financial institutions are actively reconstructing their risk control systems by leveraging technology, data sharing, product innovation, and insurance integration [18][20] - The use of blockchain, AI, and big data is becoming essential for enhancing transparency and efficiency in supply chain finance [21][22] Transformation of Information Service Providers - Supply chain financial information service providers are evolving to focus on data aggregation and compliance, moving away from financial functions [24][25] - The competitive landscape is shifting towards a model driven by technology and compliance, leading to increased market concentration [24][27]