Core Viewpoint - The article highlights the transformative impact of financial technology on the financial industry and the economy, focusing on the "Co-Winning Chain" project launched by Jiangsu Kunshan Rural Commercial Bank, which aims to provide integrated financial services to the electronic information industry and drive high-quality economic development [1][6]. Group 1: Economic Context - Kunshan, as a leader in county-level economies, has a GDP exceeding 538 billion yuan in 2024, with the electronic information industry contributing over 60% to the industrial output [2]. - The region has established a complete industrial chain ecosystem, particularly in integrated circuits, new displays, and smart terminals, but faces challenges such as financing difficulties for upstream suppliers [2][3]. - The traditional credit assessment system of financial institutions is inadequate for the needs of small and medium-sized enterprises (SMEs) in the electronic information sector, leading to liquidity issues in the supply chain [2][3]. Group 2: Policy and Market Opportunities - National policies are promoting supply chain financial innovation, encouraging financial institutions to provide efficient financing services based on the credit of core enterprises [3]. - Kunshan Rural Commercial Bank has identified the electronic information industry as a key area for innovation, leveraging financial technology to create a new supply chain finance model [3][6]. Group 3: Co-Winning Chain Project - The "Co-Winning Chain" project aims to extend the credit of core enterprises to their upstream and downstream partners, using transaction data instead of traditional collateral to facilitate financing [4][8]. - As of June 2024, Kunshan Rural Commercial Bank reported total assets of 183.5 billion yuan, with a non-performing loan ratio of 0.85% and a provision coverage ratio of 546%, indicating strong asset quality [4]. - The project addresses three key issues: stabilizing the supply chain, enhancing collaboration between core enterprises and suppliers, and providing growth capital to innovative SMEs [6][8]. Group 4: Implementation and Impact - The project is designed to solve financing challenges for SMEs by creating dynamic credit profiles based on historical transaction data, allowing for unsecured credit loans [8][10]. - The bank's service model has evolved from being a mere fund provider to an ecosystem service integrator, enhancing customer acquisition and optimizing risk management through data accumulation [10][16]. - The project has already authorized 188 core enterprises and is progressing with 1,601 potential chain enterprises, demonstrating effective marketing and evaluation strategies [16]. Group 5: Future Directions - The bank aims to deepen its support for the real economy by continuously improving the Co-Winning Chain platform and addressing the unique needs of different enterprises within the supply chain [16][17]. - It is committed to promoting sustainable development by integrating environmental, social, and governance (ESG) principles into its financial services, particularly in supporting green industries [17]. - The bank will maintain its focus on local economic development, ensuring that it supports local enterprises and community welfare, especially during global supply chain fluctuations [17].