Core Viewpoint - The People's Bank of China, along with several regulatory bodies, has issued a notification to standardize supply chain finance practices, enhance financial services for the real economy, and mitigate potential financial risks, effective from June 15, 2025 [1] Group 1 - The notification aims to strengthen the protection of small and medium-sized enterprises (SMEs) involved in supply chain finance, particularly regarding accounts receivable electronic vouchers [1][2] - It highlights the role of supply chain information service systems in providing support for various supply chain financial activities, while also addressing risks such as credit over-expansion by core enterprises and lack of standards for information service systems [1][2] - The notification emphasizes the importance of timely payments from core enterprises to SMEs, ensuring fair sharing of financing costs and preventing unreasonable payment terms [2] Group 2 - It mandates that financial support for SMEs should be enhanced, prohibiting forced agreements with specific financing parties at above-market rates, and encourages diverse supply chain financing models [2][3] - The notification also regulates the charging behaviors of various entities involved in the supply chain, ensuring that core enterprises do not impose unjust fees related to accounts receivable confirmation [2]

一是发展供应链金融应完整、准确、全面贯彻新发展理念，深刻把握金融工作的政治性、人民性，以服 务实体经济、服务社会民生、服务国家战略为出发点，以维护市场公平有序为立足点，促进降低产业链 供应链整体融资成本，实现上下游企业互利共赢发展。 二是要求供应链核心企业及时支付中小企业款项，合理共担供应链融资成本，不得利用优势地位拖欠中 小企业账款或不当增加中小企业应收账款，不得要求中小企业接受不合理的付款期限，不得滥用非现金 支付方式变相延长付款期限。明确应收账款电子凭证付款期限原则上应在6个月以内，最长不超过1年。 问：《通知》对中小企业的权益保障体现在哪些方面？ 答：为切实保障中小企业参与应收账款电子凭证等供应链金融业务的合法权益，《通知》要求： 六部门：明确应收账款电子凭证付款期限原则上应在6个月以内 最长不超过1年 智通财经4月30日电，近日，中国人民银行联合金融监管总局、最高人民法院、国家发展改革委、商务 部、市场监管总局印发《关于规范供应链金融业务 引导供应链信息服务机构更好服务中小企业融资有 关事宜的通知》，自2025年6月15日起施行。中国人民银行有关负责人就《通知》回答了记者提问。 三是强化对中小企业的 ...

Core Insights - The forum held on March 27, 2025, focused on the integration of digitalization in supply chain finance and the construction of a digital supply chain service ecosystem amid the technological wave of AI and upcoming regulatory changes [1][2] - The theme "Digital-Physical Integration, Intelligent Chain Future" attracted over 500 industry elites to discuss innovative paths and compliance practices in supply chain finance, aiming to enhance industry resilience and global layout [1][2] - Key reports and rankings were released, including the "2025 China Supply Chain Service Ecosystem Innovation Development White Paper" and the "2025 China Supply Chain Service Survey Report," aimed at setting innovation benchmarks and promoting ecological cooperation [1] Group 1: Industry Trends - Supply chains are becoming critical for enterprise strategic upgrades, driven by high-quality development and dual circulation patterns [2] - Current supply chain characteristics include professional collaboration, digitalization, green low-carbon extension, and cross-border globalization, while facing challenges like rising accounts receivable and tight cash flow [3] - The need for transformation in supply chains is emphasized, shifting from circulation to production services, from linking to collaboration, and from digitalization to intelligent digitalization [3] Group 2: Technological Integration - The integration of digital economy with the real economy is crucial, with digital technology connecting various economic entities and activities in supply chain finance, forming a "trust chain" [2] - The future of supply chain finance relies on data penetration, intelligent mutual trust, and value sharing, aiming to create a dynamic collaborative network [3] - The trend towards "data elements × scenario finance" is highlighted, focusing on reconstructing financial logic through data-driven approaches to extend services beyond core enterprise credit [4] Group 3: Forum Highlights - The forum featured discussions on four major themes: digitalization + supply chain + finance for local industry development, cross-border supply chain and finance in the context of enterprises going global, innovation driven by AI + data, and the construction and implementation of "物的信用" [4] - Notable speakers included industry leaders and experts who shared insights on the future of AI in industrial applications and the evolution of supply chain finance [3][4]