geo/china
Chinese cross-border e-commerce marketplace DHgate.com and Ping An Bank announce their program 'Hui Kuan Bao,' a merger between internet finance and supply chain finance, with a 100 million yuan credit plan to benefit businesses utilizing DHgate.com's internet finance portal DHfinet. 'Hui Kuan Bao' will allow DHfinet users to reduce their capital turnover period from 2 to 40 days.
DHGate is a major B2B e-commerce platform. It connects 1.2 million Chinese suppliers (carrying 40 million products) to 10 million global buyers in 230 countries. DHGate has incubated innovation in the cross-border ecosystem. It has a dedicated Trust and Safety team that works on product verification, quality assurance and buyer and seller safety. In addition, DHGate provides training to SMEs on cross-border e-commerce. Through the APEC network, thiis training has been provided to thousands of SMEs in 25 countries.
The SME Finance Forum’s study visits are an integral part of our peer learning opportunities offered exclusively to our members. Whether members are looking to expand their SME lending, in the nascent stage of their SME lending, or just thinking about starting SME lending, the study visits offer the opportunity to learn best practices from highly respected peers.
In the framework of the Global SME Finance Forum 2016 in Beijing we offered to our members study visits to three Chinese institutions among which Bank of China.
Linklogis is a Shenzhen-based company with a focus in providing innovative financial tools and solutions for companies in the supply chain. It also provides uncollateralized loan products for SMEs.
Ant Financial is a Chinese online payment services provider that enables individuals and businesses to execute online secure payments. It originated from Alipay, the world's leading third-party payment platform.
Bank of China has organized 23 cross-border " matchmaking " events for more than 8,000 small and medium-sized enterprises , or SMEs , from 56 countries and regions since 2014.
CreditEase officially announced the launch of YiQiFin, a cutting-edge fintech platform, at the 4th China SME Investment & Financing Expo (SME IFEX) on July 20 in Beijing.
China’s Internet finance industry has developed robustly at an amazing pace in the past few years, with many key indicators leading the world, such as the number of users and the market size. Fintech start-ups, as innovative business models and solutions, are mushrooming. Meanwhile, China’s Internet finance industry is greatly pursued by the capital market, and the valuation of related companies far exceeds other industries. In addition to the flourishing performance in the market, Internet finance is also having an overwhelming influence on people’s lifestyles.
Chinese bankers face a dilemma. Most banking in China has traditionally depended heavily on corporate clients. Given China’s transition to a slower, more sustainable, growth rate, fluctuating currency rates and uncertainty about the direction of the global economy, future expansion depends on identifying a new source of clients.
