Core Insights - The report titled "2025 White Paper on the Development and Security of Cross-Border E-Commerce Supply Chain Finance in the Greater Bay Area" analyzes the current state, innovative models, technological drivers, and future trends of cross-border e-commerce supply chain finance in the Greater Bay Area [1][2][3] Group 1: Development Background and Strategic Value - The Greater Bay Area is positioned as a core engine for cross-border e-commerce, benefiting from world-class industrial clusters, top-notch port logistics, and a leading technological innovation ecosystem [1][2] - In 2024, Guangdong's cross-border e-commerce import and export value accounted for over one-third of the national total, with the foreign trade scale of nine cities in the Greater Bay Area reaching 8.75 trillion yuan, reflecting a 10.1% growth [1][2][41] Group 2: Supply Chain Finance Market Overview - The global and Chinese supply chain finance markets are expanding, with China's supply chain finance industry exceeding 40 trillion yuan in 2023 [2] - The market has evolved through four stages from offline manual services to digital intelligence, with the Greater Bay Area emerging as an innovative testing ground despite facing challenges such as credit fragmentation and uneven technology application [2] Group 3: Innovative Models and Practices - Traditional supply chain finance models are being upgraded in cross-border e-commerce scenarios, with data replacing collateral in order financing and blockchain reconstructing trust in accounts receivable financing [2][3] - The integration of multiple financing modes and ecological development trends are evident, although challenges like data silos and cross-institutional coordination remain [2] Group 4: Technological Drivers - Financial technology is a core driver, with big data and AI creating dynamic credit profiles and enabling intelligent risk control, while blockchain addresses trust and asset transfer issues [2][3] - Emerging technologies such as privacy computing, generative AI, and digital yuan are expected to guide future developments [2] Group 5: Regulatory and Future Perspectives - The white paper proposes a "RegTech Triad" collaborative network, including a digital identity system, collaborative transaction monitoring center, and intelligent regulatory sandbox [3] - Over the next decade, trends such as autonomous finance, digital twins of supply chains, green finance, and adaptive regulation are anticipated, with the Greater Bay Area aiming to become a global leader in digital trade finance [3]