Core Insights - The establishment of the "Guan Zhi Lian" supply chain financial service platform has effectively addressed the financing difficulties faced by small and medium-sized enterprises (SMEs) in the steel processing industry in Guan County, Liaocheng [1][2] Group 1: Financing Challenges - The steel processing industry in Guan County has over 180 enterprises with an annual procurement capacity of 11 million tons, valued at approximately 50 billion yuan [2] - A financing gap of about 10 billion yuan has been traditionally addressed through a "pallet model," resulting in comprehensive costs exceeding 11%, which hampers enterprise growth and industrial upgrading [2] Group 2: Platform Innovation - The "Guan Zhi Lian" platform, launched on July 11, 2024, is the first county-level industrial cluster financial service platform in China, utilizing big data, IoT, and blockchain technologies to provide innovative financial solutions [2][3] - The platform operates under a "government-led, state-owned enterprise-operated" model, ensuring policy resource allocation and public trust, which helps convert inventory into bank-recognized collateral [3] Group 3: Financing Products - The platform offers two core financing products: inventory financing and prepayment financing, which help alleviate the financing difficulties of SMEs in key industrial chains [3] - Inventory financing allows enterprises to unlock funds tied up in stock, while prepayment financing enables companies to pay only 20% of the deposit, with banks covering the remaining 80%, thus facilitating "leveraged procurement" [3] Group 4: Risk Management - A robust risk prevention system has been established, including a digital supervision mechanism that utilizes IoT and AI for real-time monitoring of financial and inventory risks [4] - A rapid response mechanism ensures that financing needs are addressed promptly, with a "537" response time framework [4] - A risk warning mechanism is in place to manage abnormal situations effectively, ensuring the safety of goods and funds [4] Group 5: Platform Impact - Since its inception, the "Guan Zhi Lian" platform has admitted seven banks and registered 140 enterprises, with a total financing intention of approximately 9.2 billion yuan and successful loans amounting to 1.21 billion yuan [5] - The platform has saved enterprises over 70 million yuan in financing costs, reducing average financing costs by more than 6 percentage points [5] Group 6: Recognition and Replication - The platform's innovative practices have garnered attention and recognition, with successful experiences being reported in various media and financial conferences [6] - The "Guan Zhi Lian" model has been adopted by other regions, such as "Xin Yu Lian" in Henan and "E Lian Rong He" in Hefei, achieving over 5 billion yuan in loans [6]