/ Morning News/Guangzhou, July 27, 2022 -- On July 22, the fourth China Western Economic Cooperation and Development (CICC) kicked off in Chongqing. As one of the important activities of the China Western Economic Cooperation Council, the 2022 China Service Industry Opening Up and Cooperation Forum will be held simultaneously. Chen Mingbo, member of the Standing Committee of the CPC Chongqing Municipal Committee and Vice Mayor, Fang Aiqing, former Vice Minister of the Ministry of Commerce, Zhong Zeyu, Vice President and Secretary-General of China Association of Trade in Services, as well as about 200 domestic and foreign experts in related fields, research institutions and business representatives attended the forum and had in-depth discussions on the theme of "Promoting high-quality development of service industry through higher level of opening up". Hu Hanguang, CTO of Kaixin Technology, was invited to attend and deliver a keynote speech, discussing the new development trend of intelligent supply chain finance with various circles of government, industry, academia and research. At the conference, Kaixin Technology's "X-LINE Supply chain Financial Service Platform" also won the "2021-2022 Service Innovation Practice Case" award.
Digital economy, science and technology enabling the development of the service industry
Last April, Chongqing was approved as the second batch of comprehensive pilot cities to expand the opening up of the service industry, and is also a pilot city in the central and western regions. At the forum, experts and scholars shared experience and discussed regional cooperation in the service sector on issues such as trends and opportunities in the development of the service sector, opening-up and market access in key areas, and innovative development paths. "Digital economy has become a major engine driving China's economic growth," Fang Aiqing, deputy director of the Committee of Economy of the CPPCC National Committee and former Vice Minister of Commerce, said at the meeting. To integrate the digital economy with the service industry, improve the digital service industry ecosystem, and stimulate both the supply and demand sides of the digital economy are new ways to explore innovation in the service industry.
Along the development path of digital service, Kaixin technology is creating new value growth points for enterprises through the service way of digital construction. For example, digital supply chain finance penetrates into the financial demand scenes of small and medium-sized enterprises by embedding in key industries, innovating service modes, improving digitalization level, and consolidating risk control means. It promotes mode innovation, facilitates precision drip irrigation, and integrates industry and finance to provide a safety valve for the development of digital economy. "Industrial supply chain is the wind vane of China's financial industry and industrial reform at present. Financial institutions need to participate in the whole process of the industrial chain of all walks of life and go deep into the industry, and form a long-term win-win relationship of deep integration with enterprises from the perspective of 'digital scene'." Hu Hanguang said.
At the forum, Kaixin Technology also demonstrated in depth the important role of fintech in the industrial chain through B2B e-commerce platform supply chain finance projects, cross-border logistics supply chain finance projects, risk maps and corporate portraits. Relying on its experience, data and technology in financial asset trading and big data risk control, Kaixin Technology has accumulated a wealth of industry modeling and risk models in vertical segments such as logistics, medicine, textile, infrastructure and finance, which can efficiently and quickly provide the full-dimensional data indicators required by customers.
"X-LINE Supply chain Financial Service Platform" won the Service Innovation Practice Case Award
In order to encourage innovation and guide the high-quality development of service trade, China Association of Trade in Services also held China service innovation case review activity. Kaixin Technology's "X-LINE Supply Chain Financial Service Platform" stood out from many cases and won the award of "2021-2022 Service Innovation Practice Case".
The purpose of "X-LINE supply chain financial Service platform" independently developed by Kaixin Technology is to make supply chain financial service more efficient and less worrying. With the help of whole-process risk management, the platform is based on a variety of risk modeling and decision-making centers supported by massive and multidimensional big data, which can realize risk control throughout the whole process of pre-loan, mid-loan and post-loan. Enterprise contract signing, core enterprise online right confirmation and other key functions can be carried out on the system, so as to ensure the authenticity of accounts receivable, basic assets creditor's rights. In addition, business personnel no longer need to travel frequently, through the online system can complete the corresponding business process, the work efficiency becomes higher.
At the same time that the development of blockchain, big data, cloud computing and other digital technologies is pressing the accelerator button, supply chain finance is also moving towards the era of "digitalization and intelligence". Kaixin Technology takes advantage of these cutting-edge technologies and goes deep into every link of product trading. Through the mode of "finance + technology + industry + ecology", it breaks the data island in the original credit granting process and builds a new digital ecology of "production service + trade mode + financial service".
Digital intelligent supply chain finance promotes industrial co-prosperity
Based on digital risk control capabilities in data integration, data modeling, real-time computing, risk strategy, risk pricing, industrial analysis and other aspects, Kaixin Technology has formed a supply chain fintech product cluster with digital risk control as the core, which has become an industry Upstream and downstream enterprises provide one-stop supply chain fintech solutions to effectively enhance the value of all parties and boost the development of the real economy.
"Compared with the traditional supply chain finance model, innovative supply chain finance integrates industrial ecology, digital technology and financial services into an organic whole. The use of industrial digital supply chain finance model will help small and medium-sized enterprises in the industrial chain realize online, digital upgrade, solve the problem of information asymmetry, sink financial services, realize the 'decentralized' financial service model in the industrial chain, improve the breadth and depth of financial services." Hu Hanguang said.
< /p>Kaixin Technology, as one of the earliest supply chain fintech service enterprises in China, helps enterprises establish digital financial operation system, revitalize supply chain assets, and improve industrial operation efficiency on the basis of digging the value of industrial data. "The new supply chain finance model of 'finance + technology + scene' not only brings subversive innovation and reconstruction of business model, but also leads supply chain finance to open more diversified financial service experience." Hu Hanguang said.
