If it is said that "financing is difficult and financing is expensive" is a problem that has occurred since the emergence of small and medium-sized enterprises, then this new coronary pneumonia epidemic has exacerbated the plight of small and medium-sized enterprises. The limitation of personnel flow, traffic control, and suspension of production and production have affected all aspects of the national economy and residents' lives. Small and micro enterprises have suffered simultaneous impacts on both ends of supply and demand, and most links and elements of the entire industry chain in most industries have not been spared.
According to the statistics of the operation index of small and micro enterprises (hereinafter referred to as the small and micro index) publicly issued by the China Postal Savings Bank: the small and micro index in February 2020 recorded 31.9, a decrease of 14.2 points from the previous month and a decrease of 14.3 points from the same period last year Point, the lowest value and the largest decline since the release of the Micro Index.
(Explanation: All indicators are positive indicators, the value range is 0-100, 50 is the critical point, indicating the general state; when the index is greater than 50, it indicates that the enterprise's situation is good; when the index is less than 50, it indicates that the enterprise's situation is getting worse. )
At present, enterprises across the country are at a critical stage of resumption of work in batches. At the same time, the financing needs of market entities have declined, and the quality of assets on and off the balance sheet of financial institutions has been further under pressure. It is necessary to consolidate the achievements made in previous years to resolve major risks and prevent new systemic risks caused by the epidemic.
Affected by crude oil and the epidemic, the global stock market is currently in a crisis of shortage of liquidity, and countries have issued fiscal stimulus measures.
The Fed launched a $ 700 billion waterproofing plan and launched MMLF, which will provide loans to eligible financial institutions, the European Central Bank launched a 750 billion euro purchase plan, and the Bank of England will increase 445 billion pounds of national debt ... These financial measures will be provided to financial institutions Inject a lot of money.
1. How can these funds flow into the enterprise?
In the traditional model, banks will help enterprises in production and operation through credit, but for small and medium-sized enterprises, banks lack credit evaluation methods. Based on asset security considerations, there is often a "dare not willing to lend, unwilling to lend money to small and medium-sized enterprises." Loan.
According to the data survey report of the Ministry of Industry and Information Technology published at the 2019 China Supply Chain Finance Summit Forum, 33% of medium-sized enterprises, 39% of small enterprises and 41% of micro-enterprise financing are still not satisfied.
2. DREP Supply Chain Financial Technology Solution
In order to make better use of these monetary easing policies and effectively help small and medium-sized enterprises, DREP has built a supply chain financial network based on blockchain technology, connecting financial institutions and enterprises through credit transfer, breaking information asymmetry, and realizing capital and data flow 1. Multi-party logistics information sharing to empower the real economy with technology.
DREP supply chain finance is based on core enterprises and based on the real trade background. It uses self-compensatory trade financing to close the flow of funds or control property rights through pledges of accounts receivable and pledges of goods. Comprehensive financial products and services provided by downstream enterprises.
As a distributed ledger, blockchain provides a platform for all parties to cooperate on an equal footing, reducing the risk and cost of inter-agency credit collaboration. The information on the chain can be traced and cannot be tampered with, and the data between multiple institutions is synchronized in real time and can be reconciled in real time. Moreover, after all levels of transaction relationships are established, those remote companies that were not included in the service category because they did not directly trade with the core company can also obtain low-cost financial services by using the function of blockchain trust transfer.
Based on the open, transparent and non-tamperable technical characteristics of blockchain technology, the DREP supply chain financial network can effectively ensure the safe and compliant use of data, achieve effective financial interaction between financial institutions and small and medium-sized enterprises, and expand the use of financial institutions while helping Real economy development.
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