Group 1 - The traditional supply chain finance model, centered around core enterprises, faces structural challenges such as low financing accessibility for SMEs, high risk concentration, and low asset circulation efficiency [2][3] - The "Matthew Effect" in credit transmission leads to over 80% of financing resources being concentrated among first-tier suppliers, leaving less than 20% coverage for SMEs below the second tier [3] - The reliance on real estate collateral creates a "scale threshold" that hinders SMEs from utilizing their inventory resources effectively due to complex and costly registration processes [3] Group 2 - The "物的信用" (Object Credit) theory proposed by 中仓登 aims to shift the financing logic from "people-centric" to "object-centric," focusing on the value of movable assets [4] - The innovative risk dispersion mechanism transforms single entity credit risk into asset value risk, thereby distributing financing risks [5] - Financing efficiency is expected to increase significantly through a digital rights confirmation system, reducing financing cycles and costs for SMEs [6] - The inclusivity of the financing ecosystem is enhanced by expanding financing subjects from core enterprises to all participants in the supply chain, effectively addressing the issues of "difficult and expensive financing" for SMEs [7] Group 3 - 中仓登 has developed a five-dimensional verification system to ensure the credibility of movable asset financing, including physical certainty, ownership traceability, value stability, circulation assurance, and risk controllability [8] - The legal foundation for movable asset financing is strengthened by the Civil Code of the People's Republic of China, which establishes the legal basis for electronic warehouse receipts and blockchain evidence [9][10] - The establishment of a national warehouse enterprise information archive promotes online verification of warehouse conditions, ensuring a solid foundation for asset rights management [14] Group 4 - The integration of judicial evidence storage and intelligent monitoring technologies creates a "technical moat" for risk control, ensuring effective evidence recording and real-time monitoring of warehouse conditions [16] - 中仓登 is actively participating in the UNCITRAL framework to implement international standards for electronic transferable records, aiming to enhance cross-border logistics financing [17] Group 5 - The transition from digitalization to intelligence in technology innovation includes the development of intelligent risk control systems and the application of large models for automated risk reporting [18] - Legislative efforts are underway to establish unified registration rules and cross-departmental data sharing mechanisms, shifting movable asset financing from "policy-driven" to "rule-based" [20] - The construction of a "物的信用" system represents a redefinition of the relationship between production and finance, moving from reliance on subjective credit to a data-driven approach [21]