浙商银行区块链应用再获突破,浙商银行区块链应收款是什么
浙商银行区块链应收款是一种新型的支付方式，它利用区块链技术实现支付的安全、快捷和可靠。它可以帮助企业快速实现财务支付和结算，提高财务效率，降低成本。
一、区块链技术区块链技术是一种新型的数字货币技术，它是一种分布式数据库，可以用来存储和管理数据。它可以跨越网络的多个节点，构建一个安全、可靠、可信的分布式账本系统。区块链技术可以实现支付的安全、快捷和可靠。
二、智能合约智能合约是一种可以实现自动执行的电子合约，它可以将复杂的业务逻辑直接写入区块链系统中，从而实现自动执行，无需人工干预。它可以有效地实现支付的安全、快捷和可靠。
三、数字货币数字货币是一种新型的数字货币，它是基于区块链技术开发的。它可以实现货币的数字化，并可以通过网络实现安全、快捷和可靠的支付。数字货币的使用可以极大地方便企业的支付和结算，提高财务效率，降低成本。
浙商银行区块链应收款是一种新型的支付方式，它利用区块链技术、智能合约和数字货币实现支付的安全、快捷和可靠。它可以帮助企业快速实现财务支付和结算，提高财务效率，降低成本。
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『一』What pain points does Zheshang Bank’s blockchain receivables platform solve?
1. It solves the cumbersome operation of confirming the rights of core enterprises faced by traditional supply chain finance. .
2. Problems such as difficulty in opening accounts in remote locations for suppliers are a good way to solve the financing difficulties and expensive financing for small, medium and micro enterprises in the industry chain.
『二』Zheshang Bank’s small and micro finance was “liked” by CCTV, what is the logic behind it
Zhejiang Jinhua’s science and technology Mai Information Technology is a scientific and innovative small and micro enterprise. This company provides SaaS services such as mobile payments to enterprises. Last year, affected by the epidemic, customer demand for contactless operation management increased significantly, but Kemai Information lacked funds for expansion. After learning about the company's financial difficulties, Zheshang Bank Jinhua Branch applied for a tax multiple loan of 3.75 million for the company through the "Bank-Tax Interaction" system, helping the company solve its funding problems and gain market opportunities.
You may be wondering, what is a "tax multiple loan"? "Tax multiple loan" uses corporate tax information as an important credit reference basis for financing credit enhancement. To qualified small and micro enterprises, loans are assessed and issued based on a certain multiple of their tax amount.
The tax amount cannot be faked. It has a multiple relationship with the revenue. Through the tax amount, the bank can deduce the true revenue of the enterprise. Zhejiang Commercial Bank used this key information to grant credit to Kemai Information.
The just-released semi-annual report data shows that at the end of June 2021, Zheshang Bank’s small and micro enterprise loans accounted for 18.73%, ranking in the leading position among joint-stock banks.
As of the end of June, the balance of inclusive small and micro enterprise loans of Zheshang Bank was 221.825 billion yuan, an increase of 19.743 billion yuan from the beginning of the year, a growth rate of 9.77%, and a rapid growth rate of 9.77%. The growth rate of various loans to domestic institutions was 3.53 percentage points; the number of credit customers was 108,300, an increase of 4,300 from the beginning of the year, with a growth rate of 4.13%. The cumulative credit granted through online products exceeded 130 billion yuan.
If the balance and the number of customers are only increases in quantity, then the decrease in financing costs and the improvement in asset quality are manifestations of the hard power of operations.
How did Zheshang Bank do it?
In this article we provide a patent-based perspective.
1
Technology Innovation Patent Perspective
Patents are an authoritative indicator that reflects a company’s R&D capabilities and emphasis on science and technology. In order to objectively measure the quality of Zheshang Bank’s financial technology, we used the intellectual property database Smart Bud After conducting a search, it was found that currently, Zheshang Bank’s total applications have reached 58, and 43 patents are under review, accounting for 74.14%. It is particularly worth noting that in 2020, the number of patent applications filed by Zheshang Bank suddenly accelerated, reaching 37 times. This is consistent with our usual expectations that financial technology and the digital economy have greatly accelerated during the epidemic.
Number of patent applications filed by China Zheshang Bank in recent years
Going one step further, we also discovered the keywords of Zheshang Bank’s financial technology innovation!
Zheshang Bank’s patent application word cloud
Judging from the innovation word cloud, the core patent keyword of Zheshang Bank is "blockchain". If measured based on the number of citations, its key patent is "a system and method for improving the efficiency of blockchain query."
So, why does Zheshang Bank attach so much importance to blockchain?
This comes to the supply chain, and the supply chain is inseparable from the general trend of the industrial Internet.
At present, domestic innovation chains, industrial chains, and capital chains are blooming everywhere. More and more local governments are deploying innovation chains around the industrial chain. Allocate capital chains around the innovation chain to build a complete and friendly innovation ecosystem. As we all know, the great power competition between China and the United States also revolves around the supply chain.
The supply chain system is very complex. Among them, small and micro enterprises are the key link to improve the stability and competitiveness of the supply chain. They have the ability to smooth production, circulation and other links. It is of great significance, and Zhejiang is an important town for small and micro enterprises and private enterprises in my country. As of the end of 2019, Zhejiang Province had 2.224 million small and micro enterprises included in the directory of China's small and micro enterprises, accounting for 87.7% of the registered enterprises. Therefore, only by serving small and micro enterprises in the industrial chain well can we help the industrial chain become an innovation chain and promote the transformation of the economy to high-quality development.
We know that finance is based on credit, and blockchain is considered a "natural trust machine." Blockchain technology is naturally suitable for use in the industrial chain. Record information between multiple parties,Build trust. If supplemented by technologies such as the Internet of Things and artificial intelligence, the financial services of commercial banks can be seamlessly integrated into the industrial chain.
In fact, Zheshang Bank has been focusing on the supply chain and industrial chain for a long time.
Zheshang Bank Receivables Chain Platform
Another expression of the supply chain can also be the upstream and downstream relationships around core enterprises. Zheshang Bank has proactively realized the importance of this relationship. They have gone deep into this relationship and used a platform service model. To solve the problem of financing difficulties for small and micro enterprises: by expanding the downstream dealers of core enterprises, creating a clustered marketing system with large companies leading small companies, and opening up new customer groups and business growth points. As a result, Zheshang Bank has a new way to acquire customers in batches.
Chint Group is a leader in the electrical industry, with downstream dealers all over the world. As a core enterprise, Chint Group has the demand to control the total amount of receivables at certain points in time, and requires dealers to speed up the collection of payment; dealers require efficient and convenient financing methods.
After the outbreak, Zheshang Bank agreed on customer access standards with core enterprises, and the core enterprises recommended dealers based on a list and actively entered into the dealer network. , to solve the pain points of both parties. At the same time, a special and efficient business process has been designed, and borrowers can make self-service withdrawals through online banking, making all processes faster and more convenient. Finally, we quickly reached a cooperation intention with Chint Group.
It is precisely in this way that with the core enterprise as the center and through the platform model, Zheshang Bank's financing services can quickly radiate to its downstream dealers. While acquiring customers in batches, we simplify the process and truly solve the efficient and convenient financing problems that dealers need. As of the end of June, the platform model had served 66,600 customers, an increase of 6.56% from the beginning of the year, and the financing balance was 701.495 billion yuan, an increase of 3.40% from the beginning of the year.
2
The digital acceleration of the real economy
Finance and the real economy are always two sides of the same coin.
Let’s take Zheshang Bank as an example. As we pointed out in our previous article "Zhejiang, Zheshang and Zheshang Bank", Zheshang Bank The development of banks is inseparable from the development of Zhejiang, the development of Zhejiang's private economy, and the country's reform and opening up.
The digital operation of the banking industry also relies on the physical economydigitization of the economy. Many financial technology practitioners have realized that the development of digital finance is inseparable from the degree of local digitalization. The higher the degree of digitalization of local governments and enterprises, the more accurate it is to judge the situation of enterprises based on data.
As it is located in Zhejiang, a city with a developed private economy, Zheshang Bank took small and micro finance as its main strategic business at the beginning of its establishment. Over the years, it has It has tasted the sweetness and made its own characteristics. Looking at the indicator of inclusive small and micro balance ratio, only 3 of the 12 national joint-stock banks have a ratio higher than 10%. Among the 12 national joint-stock banks, Zheshang Bank’s small and micro loan balance is 18.73%, leading the industry.
At the same time, Zheshang Bank has also been using big data and artificial intelligence to solve the financing difficulties of small and micro enterprises, and the non-performing rate has also remained at lower level. Fortunately, the digitalization level of Zhejiang Province is also leading in the country.
During the "Thirteenth Five-Year Plan" period, Zhejiang regarded the digital transformation of traditional manufacturing as an important direction in promoting the digital economy. Promote enterprises to "go to the cloud, use data, and empower intelligence." In this process, small and medium-sized enterprises in the manufacturing industry have realized industrial digitization through the application of digital systems. Taking Shengzhou City, Zhejiang Province as an example, the government has identified 60 demonstration and cultivation enterprises to promote in-depth connection between manufacturing enterprises, financial institutions, and professional digital engineering enterprises.
According to Bao Zuming, director of the Zhejiang Banking and Insurance Regulatory Bureau, the core key is the Zhejiang Banking and Insurance Regulatory Commission. The bureau joined forces with the Provincial Big Data Bureau to promote the data integration of various departments across the province and build a comprehensive financial service platform in Zhejiang Province. This platform has built a "financial comprehensive service platform" with 54 data source department data, 3952 inspection rules, and 6 major categories of indicator systems. Theme Library".
In other words, when it comes to solving the problem of difficult and expensive financing for enterprises, Zhejiang Province has not adopted a linear thinking approach that treats headaches and foot pains. , but found a systematic solution by integrating data.
With the fertile soil of data, Zhejiang vigorously promotes first-time mortgage loans, credit loans, and loan renewals without principal repayment. At the same time, we will comprehensively use technological means and big data information to strengthen credit loan capacity building and increase credit loan product innovation and business expansion. In addition, Zhejiang Province has also built a provincial-level comprehensive financial service platform to solve the financing problems of small and micro enterprises.
Therefore, "People's Daily" praised this approach as "creating a new situation in work." This is also introduced at the beginning of the articleThe reason why the “tax multiple loan” product was launched.
In June 2020, Zheshang Bank and the Zhejiang Provincial Department of Economy and Information Technology jointly launched the Zhejiang Intelligent Manufacturing Financing Project, with the goal of "financial assistance of 100 billion in three years". The goal is to help industrial enterprises in Zhejiang Province accelerate the completion of intelligent technological transformation. As of the end of July, a financing balance of 45.705 billion yuan had been provided to more than 1,000 companies on the list.
Therefore, the secret of Zheshang Bank’s support for small and micro enterprises can be summarized in two items. One is Zheshang Bank’s strategic focus on small and micro enterprises. , as well as the application of platform services to financial technology, and the second is the improvement of the overall data environment. Therefore, the more active the real economy is and the higher the level of economic digitalization, the more opportunities banks with financial technology capabilities like Zheshang Bank will have.
『三』 Is China’s blockchain tradable?
Digital currency exists legally in the country, but it is illegal to use virtual currency to engage in illegal activities.
Yaxia Holdings obtained better financial liquidity through the issuance of bonds, and then promptly extended a helping hand to a large number of small and medium-sized building materials suppliers and construction units upstream and downstream. The specific method is to use the receivable chain platform provided by Zheshang Bank to pay for goods by issuing blockchain receivables online when suppliers of Yaxia Holdings purchase goods.
When suppliers receive blockchain receivables, they can transfer them to Zheshang Bank online in real time to obtain working capital. ——Zheshang Bank packages such blockchain-based receivables into financial management products and sells them to financial management customers.
For example:
As an investor, Interlink Pulse learned about relevant products from China Zheshang Bank. It was revealed that they are different from most bank financial products. , the blockchain receivables product achieves penetration into the underlying assets through blockchain technology, that is, financial management customers can see which two companies’ receivables the money purchased, so as to better understand the product. risk.
According to public information, in August 2017, Qulian Technology cooperated with China Zheshang Bank to launch the industry’s first enterprise “receivables chain platform” based on blockchain technology. In August 2018, the official website of the Interbank Market Clearing House (Shanghai Clearing House) showed that "Zheshang Lianrong's 2018 First Phase Enterprise Accounts Receivable Asset-Backed Notes" was issued with an issuance amount of 457 million yuan and a debt credit rating of AAA.
Since 2019, listed companies have successively disclosed the use of idle funds to purchase blockchain receivables. According to Interlink Pulse statistics, companies including ProPharmaceuticals, Haimo Technology, Huayuan Holdings, Redick and other companies used a total of 545 million yuan to purchase 17 Zheshang Bank blockchain receivables products.
『四』 Zheshang Bank’s digital transformation has shown results, empowering the high-quality development of the real economy
In recent years, with the in-depth and rapid development and application of digital technology, big data,Driven by innovative technologies such as blockchain, cloud computing, and artificial intelligence, more and more commercial banks are opening the door to digital transformation, and emerging financial technologies are gradually being applied to core banking businesses such as customer service and risk management.
Against the background of vigorously developing the digital economy, Zheshang Bank further strengthens the construction of its base camp, takes the initiative and makes a difference, promotes the deep integration of digital technology and the real economy, empowers the transformation and upgrading of traditional industries, and gives birth to New industries, new business formats and new models will fully support high-quality development and the construction of a common prosperity demonstration zone.
In fact, Zheshang Bank's digital transformation practice can be summarized into three "shu", namely "establishing" digital thinking and concepts, strengthening "data" accumulation and application, and strengthening "technical" "Innovative applications, through the continuous release of a series of digital financial "hard core" results, create three differentiated competitive advantages of "industrial chain supply chain services, liquidity services, and wealth management services", take root in the construction of the base camp in Zhejiang Province, and build interconnection and interoperability The financial services ecosystem steadily promotes the digital transformation blueprint to become a reality.
Strengthening inclusive finance to empower regional digital development
Zheshang Bank makes full use of functional modules such as platform information sharing, inclusive finance and online mortgage registration to continuously optimize its products and services, promote business innovation and development, let "data travel more and people travel less errands", and accelerate the improvement of the ability and level of serving the development of the digital economy.
In order to solve the problem of "slow financing and complicated financing" of private enterprises and small, medium and micro enterprises, Zheshang Bank strengthens data empowerment, uses "big data" to mine "small credit", and uses "data running" to replace " Customers run", driving inclusive finance to rapidly move towards digitization, online and mobile, continuously enriching "big data + online" inclusive financial services, and practicing financial services to facilitate the people and benefit enterprises.
In order to implement the inclusive financial process reengineering project, Zheshang Bank has launched a series of products such as "Dianyidai", "Revolving Loan", "Suiyidai" and "Repay Loan" to realize loan application, approval, Full online process including signing of contract, withdrawal and repayment, 24/7 financing service. Through the "Dianyidai" product, it has served more than 40,000 small, medium and micro customers in the province, with a total of 42,500 credit extensions worth 40 billion yuan.
Zheshang Bank also coordinated the issuance of Bosera Phoenix Pilot Hybrid Fund through multiple channels, breaking 6 new fund records, focusing on laying out new development opportunities in Zhejiang, cultivating the unique advantages of wealth management services, and strengthening the benefits of inclusive finance. People, promote the construction of a common prosperity demonstration area.
Focusing on users and scenarios, Zheshang Bank continues to iteratively optimize the system functions of the "five major" business sectors, promote business collaboration and integration among sectors, innovate modular, digital, and intelligent products and services, and promote cross-line , cross-institutional and cross-industry digital financial ecosystem co-construction, promote industrial optimization and structural transformation, comprehensively empower the new development pattern of the "five major" business sectors, build an "open + shared" technology output ecosystem, and empower regional digital development.
Build a closed-loop risk control loop to improve the internal management and intelligent governance system
Zheshang Bank adheres to the concept of "overall intelligent governance and efficient collaboration", and keeps pace with the troika of digital management decision-making, digital marketing operations, and digital risk management to establish an agile and efficient organization. , reshape the business management and control process, and build an internal management and intelligent governance system that is compatible with business innovation and digitalization.
Based on the practical results of the existing credit risk management platform, Zheshang Bank makes full use of the existing blockchain and Internet of Things infrastructure, and comprehensively uses "big data + knowledge graph + multi-party security computing" and other financial Technology, we are committed to building an industry-level digital intelligent closed-loop risk control platform, focusing on the small cut of "real-time risk warning", planning the big scenario of "financial risk disposal closed-loop", comprehensively connecting multi-party data, and exploring the construction of cross-level, cross-department and cross-business collaboration. The intelligent governance mechanism for financial risk prevention, control and disposal achieves full-process closed-loop management of risk prevention, control and early warning from pre-loan access, loan approval, and post-loan management.
The digital-intelligent closed-loop risk control platform has widely introduced external relevant data and models, and has taken the lead in building a knowledge graph platform to fill in the gaps of relationship management, post-loan management, early warning management, financial analysis, customer portraits, and mobile application platforms. and other system support capabilities, to realize the digitalization and mobileization of financial risk management and early warning.
Zheshang Bank uses cutting-edge technologies such as blockchain to deeply explore the field of industrial chain and supply chain financial services. Relying on the production and operation activities of the core enterprise's industrial chain, it focuses on the pain points of small and medium-sized enterprises such as difficulty in financing and expensive financing, and iteratively upgrades the supply chain. The financial service platform innovates multiple cross-scenario applications such as procurement, warehousing, leasing, sales, installment repayment, and revitalization of existing assets to help "fix and strengthen the chain."
At the same time, Zheshang Bank further builds the "Internet of Things + Blockchain" supervision platform and promotes the construction of a new safe modern financial network. Starting from the major needs of "early detection, early prevention, and early disposal" of financial risks, Integrate advanced big data risk control algorithm models and innovate scenario applications such as "movable assets supervision", "corporate operating status monitoring" and "financial risk identification" to realize risk prevention and control in multiple financial scenarios such as loans, mortgages, leasing, and credit extension, and effectively solve the problems for banks and enterprises. Information asymmetry and financial risk lag problems.
Integrate into the overall reform and improve the quality and efficiency of serving the real economy
Zheshang Bank closely follows the government's major deployment of digital reform, uses financial technology to reshape business operations, and promotes common prosperity with high-quality development District construction, actively connect with government platforms and digital projects such as the provincial integrated intelligent public data platform with open and shared technical services and scenario applications, vigorously support the construction of "future factories" and "future communities", and actively integrate into a series of scenario applications of the provincial digital reform , explore multi-scenario financial services.
Through standardized + customized models such as independent system deployment, SaaS services, and system hosting, Zheshang Bank extensively serves multiple cross-scenario industrial chain supply chain fields such as electric power, metal processing, machinery industry, and animal husbandry. Financing balance exceeds190 billion yuan, revitalizing corporate accounts receivable of more than 500 billion yuan, and has provided supply chain financial solutions for more than 20 industries, providing comprehensive financial services to nearly 20% of A-share listed companies and 40% of China's top 500 companies.
Zheshang Bank takes the Zhejiang Oil Center as its key service target and builds an independent blockchain warehousing system for the Zhejiang Oil Center, connects financial services such as depository links, and improves digital capabilities such as the facilitation of local and foreign currency payments. Fully implement and support the construction of an integrated oil and gas trading market in the Yangtze River Delta.
In addition, Zheshang Bank cooperates with State Grid to use blockchain alliance chain technology to build a network integration chain platform, giving full play to the superior resources in their respective fields and empowering tens of thousands of small and medium-sized enterprises in the upstream of the power industry. It provides enterprises with efficient, convenient and low-cost professional comprehensive financial services such as supply chain finance, asset management and accounts receivable management. Currently, there are more than 1,200 registered enterprises in the province, and the core enterprise business district covers 77 power companies in the province, accelerating the in-depth integration of "finance + technology + industry + enterprise".
In the next step, Zheshang Bank will continue to take digital reform as the guide, deepen the integration and application of digital and intelligent technologies, create more digital "hard-core" results, and provide high-quality services for the digital transformation of industries and the real economy. Develop and contribute the power of financial technology to let financial "living water" infiltrate the real economy.
Investment is risky and financial management needs to be cautious
『五』 There is a problem with Zheshang Bank Yongjin Distribution Co.
There is no problem with Zheshang Bank Yongjin Distribution Co., Ltd.
The "Distribution Tong" business is Zheshang Bank's innovative use of blockchain technology to build a "Distribution Tong" platform with core enterprises in the industry chain around specific production and operation scenarios, relying on past transaction records to provide downstream dealers for core enterprises Providing online financing At the same time, core enterprises hold blockchain receivables and can directly purchase raw materials from upstream to speed up capital turnover.
This business can be applied for online and can be completed in 20 minutes at the fastest. It solves the problems of individual industrial and commercial households opening accounts in different places. It does not require asset mortgage and can provide financing funds for downstream core enterprises in batches.
Ye Haijing, general manager of the Inclusive Finance Division of Zheshang Bank, said that in Sichuan, Gansu and other places, Zheshang Bank uses the "bank + guarantee + enterprise + farmer" model to rely on local characteristic industries and leading enterprises. In order to promote and solve the problem of financing difficulties and expensive financing for local farmers engaged in planting and breeding industries, while promoting the development of enterprises, we also help poor farmers expand production scale and increase family income according to local conditions.
『Lu』 Zheshang Bank’s blockchain technology innovative receivables chain platform helps enterprises relieve pressure
It is reported that blockchain technology creates a multi-party mutual trust mechanism between upstream and downstream In terms of establishment, Zheshang Bank has achieved good results in related business fields and successfully created a receivable chain platform to help small, medium and micro enterprises solve problems such as registration and confirmation of accounts receivable. With the help of this financial innovation tool, many small and medium-sized enterprises have received help, which has greatly eased the pressure on capital turnover and payment.
So, how does this receivables chain platform work, and how does it help more small and medium-sized enterprises solve problems?
It is reported that Zheshang Bank’s The receivables chain platform operates through the platform's online operation model, which can effectively simplify the tedious and high-frequency operation problems of traditional offline business. Through such a platform, small and medium-sized enterprises can build their own business districts, just like a WeChat group owner setting up a WeChat group and attracting upstream customers in need into the group. Through such a carrier, enterprises can issue blockchain applications during the period. The recipient pays the payment for goods or projects to it. After the latter receives the blockchain receivables, it can be transferred, split and used to pay upstream, or it can be transferred online or pledged to Zheshang Bank for financing and realization. Through such a simple and efficient operating model, small and medium-sized enterprises can find a more appropriate solution for corporate payment. On the one hand, it can speed up the capital turnover efficiency upstream and downstream of the industrial chain, on the other hand, it can achieve win-win cooperation between small and medium-sized enterprises and large core enterprises, killing two birds with one stone. With the help of blockchain technology, small and medium-sized enterprises can obtain faster solutions to the problem of accounts receivable, while large enterprises can optimize the way of issuing accounts. This period is also conducive to shaping a good corporate image. Looking at the larger scope, the efficient connection of the receivables chain platform can also have a good impact on the coordinated development of the entire industry chain.
At present, Zheshang Bank's receivable chain platform has been applied to many different companies and has shown more positive feedback. Taking Langwei Lighting and China Railway 14th Bureau as examples, these two companies have used the receivables chain platform to achieve efficient control of capital turnover in the upstream and downstream of the industrial chain, and comprehensively resolved the high-frequency and cumbersome external payments of China Railway 14th Bureau. It also helped Langwei Lighting alleviate the problem of tight capital chain and greatly relieved business pressure.
The above are just examples. In view of the survival and development of small and medium-sized enterprises, Zheshang Bank's receivable chain platform has currently connected many corporate institutions and has cooperated with more than 3,200 large core enterprises. In the future, will continue to increase.
『撒』 Zheshang Bank: Total assets have reached RMB 2 trillion, where are the new drivers of growth?
Zheshang Bank’s third quarter report was released a few days ago. The report shows that as of the end of September 2020, the bank's total assets were 2.05 trillion yuan, breaking the two trillion mark for the first time. Among them, the total amount of loans and advances was 1.16 trillion yuan, an increase of 14.01% and 12.85% respectively from the end of the previous year; the total liabilities were 1.92 trillion yuan, and the balance of deposits received was 1.36 trillion yuan, an increase of 14.94% and 19.24% respectively from the end of the previous year. From January to September, operating income was 35.239 billion yuan, a year-on-year increase of 2.43%, of which net interest income was 26.979 billion yuan, a year-on-year increase of 9.28%; net profit attributable to shareholders of the BankProfit was 10.144 billion yuan, a year-on-year decrease of 9.74%.
As the resumption of work and production continues to advance, and the domestic economy continues to resume growth, the bank has increased its provisioning efforts and the write-off and disposal of non-performing assets. As of the end of September, Zheshang Bank's non-performing loan ratio was 1.44%, the provision coverage ratio was 196.22%, the capital adequacy ratio was 12.97%, and the liquidity coverage ratio was 110.93%. The liquidity situation was stable and sufficient. All regulatory indicators are fully up to standard.
New momentum for growth exceeding RMB 2 trillion
Looking at the performance statements in recent years, the high growth potential of Zheshang Bank is obvious to all. From 2014 to 2019, the bank's pre-provision profit compound annual growth rate was 24.4%, exceeding the average level of joint-stock banks and listed banks. Among them, the profit before provision (PPOP) in the first half of this year increased by 16.8% year-on-year. During the same period, the average growth of joint-stock banks and listed banks was 11.1% and 6.8% respectively. The company maintained a net profit CAGR of 20.5% from 2014 to 2019, which is also higher than the average of joint-stock banks and listed banks.
However, compared to the current operating performance, the market may be more concerned about it. Now that the total assets have passed the two trillion mark, where is the new driving force for the bank to continue to grow steadily and bring about reforms?
Market public information shows that Zheshang Bank is relying on its platform service strategy to build a good ecosystem. Since 2014, Zheshang Bank has been oriented to serving the real economy, starting from corporate balance sheets, and focusing on the two core needs of enterprises to "reduce financing costs and improve service efficiency", continue to innovate service models, and help enterprises revitalize themselves and the supply chain. assets and resources, reduce external financing, reduce leverage, reduce costs, and increase efficiency.
The platform service strategy corresponds to the “3+2” platform of Zheshang Bank’s corporate business, namely the three major Internet big data service platforms – “Pooled Financing” and “Yiqiyin” The three major platforms of "Receivables Chain", as well as the application scenario platform that connects with external scenarios (including Order Pass, Warehouse Receipt Pass, Distribution Pass, etc.) and the OTC trading platform that improves asset liquidity. As of the end of September 2020, the three major platforms had served 57,200 customers, accounting for more than 40% of the bank's corporate customers, and the financing balance reached 642.753 billion yuan, a year-on-year increase of 42%. The financing balance of platform business accounts for approximately 50% of the company's on- and off-balance sheet assets.
The results of the platform-based service strategy are beginning to show
Among the three major platforms of Zheshang Bank, the pooled financing platform " " into the pool" to form a financing quota, thereby revitalizing existing resources, reducing the total amount of external financing and the actual number of occupied days, solving problems such as the mismatch of types and terms of corporate assets and liabilities, and reducing financing costs.
The receivables chain platform uses blockchain technology to ensure real transaction information and convert precipitated accounts receivable into safe and convenient electronic payment settlement and financing tools.Realize transaction circulation and help core supply chain enterprises and their upstream and downstream enterprises reduce external financing and reduce financing costs. Through core supply chain enterprises building their own business districts, upstream and downstream enterprises can join as platform users, thus achieving batch customer acquisition.
The Yiqiyin platform integrates the supply chain resources and group resources of platform users to realize financial services such as adjustment of surplus and shortage of resources within the group, financing of upstream and downstream customers in the supply chain; it can bring a large number of low-cost current deposits and enhance the liability capacity of Zheshang Bank.
Market analysis shows that the platform service strategy mainly composed of the above three major platforms is expected to solve the company's profitability pain points. The bank's relatively low return on assets (ROA) is mainly due to higher liability costs, lower fee income and higher credit cost expenses. With the in-depth implementation of the platform service strategy, these indicators are expected to gradually improve.
On the one hand, Zheshang Bank can rely on its platform service strategy to build an industrial chain ecosystem and achieve bulk customer acquisition. Platform-based business helps companies solve liquidity financing difficulties, revitalize precipitated assets, coordinate and integrate resources within the group and the industry chain, and effectively reduce corporate leverage and financing costs. The efficient solution to financing needs has attracted a large number of companies to settle in. From the end of 2018 to July 2020, the platform's financing balance increased by 65.7% cumulatively, and the number of customers increased by 74.6%. The increase in the number of master accounts and customer stickiness will gradually increase the company's debt capacity and reduce debt costs.
On the other hand, the non-performing rate of platform-based business is significantly lower than that of ordinary loans. The platform model encourages core enterprises to proactively incorporate reliable upstream and downstream enterprises, and more frequent and multi-dimensional information interactions can effectively reduce information asymmetry problems and reduce related credit risks. The bank's new non-performing platform business accounted for less than 1% in the first half of this year.
“It is expected that the balance of corporate financing and the number of customers of the platform business will maintain an annual high growth rate of more than 20% in the next two years. The proportion of on-balance sheet loans contributed by the platform will gradually increase, improving the overall credit quality. Drive revenue growth. In the long term, rich financial services can effectively expand non-interest income sources, continuously improve the stickiness of existing customers, and the debt capacity is also expected to be further improved." The aforementioned research report pointed out that as Zheshang Bank's platform business continues With the further improvement of growth and risk control capabilities, the results of deepening the platform service strategy may gradually become apparent.
『8』 Zheshang Bank’s “Simplified Reimbursement” trial of blockchain application helps enterprises reduce costs and increase efficiency
Since the outbreak, corporate operations have generally been severely affected, and In special times, companies need to find ways to tighten their belts, and using technology to reduce costs and increase efficiency is a wise choice.
Zheshang Bank keeps up with the new development pattern, exports technology to the outside world, improves internal management efficiency, and overcomes difficulties with enterprises. Its independently developed SaaS-based expense control software, Minimal Reimbursement, fully utilizes the advantages of blockchain technology in data confidentiality and sharing.The multi-dimensional simplified reimbursement process can be realized, which can reduce the financial reimbursement work of enterprises by about 20%, shorten the reimbursement cycle by 30%, and help enterprises reduce costs and increase efficiency.
As we all know, blockchain technology is one of the most promising technologies in recent years. This shared distributed database technology is mainly used in finance, public services, information security, Internet of Things, supply chain, etc. In the field, through smart contracts, we can achieve the purpose of data openness, transparency, non-tamperability, and point-to-point transactions to improve efficiency. During the epidemic, blockchain applications that have been gradually implemented have penetrated more deeply into all aspects of work and life of enterprises and individuals based on past practice and exploration.
For example, Zheshang Bank independently developed a SaaS-based expense control software - Minimal Reimbursement. It was the first to try blockchain technology in payment and successfully used blockchain technology in Advantages in data confidentiality and sharing.
Specifically, the reimbursement business of Simplified Reimbursement automatically generates a payment list through document submission and approval, and registers the generated to-be-paid list data to the blockchain platform. The blockchain platform ensures the reliability, security and non-tamperability of the data to be paid through technologies such as digital signatures, encryption algorithms and consensus mechanisms. At the same time, customers can directly obtain the payment list data from the blockchain platform and store it in the bank-enterprise direct connection system for payment in the form of data signature, realizing the sharing of payment list data between banks and enterprises.
Not only that, based on blockchain technology, minimalist reimbursement can also build a business travel alliance chain with banks, enterprises, airlines, catering companies, etc., and realize the realization of different industries through the distributed ledger characteristics of blockchain. , data sharing between different enterprises can simplify the reimbursement process to a greater extent, and ultimately help customers improve their expense management capabilities and achieve cost reduction and efficiency improvement.
In the process of expense management, enterprises will more or less encounter problems such as blocked processes and cumbersome offline operations. The minimalist reimbursement can allow employees, financial personnel and enterprises to enjoy efficiency and convenience. It has many functional highlights, let me explain them one by one:
For employees, they no longer have to worry about advances, invoices, and reimbursements when traveling, using cars, purchasing, and dining. Minimalist reimbursement creatively opens up a model in which "employees do not advance money, do not issue invoices, and do not reimburse themselves; the enterprise has one account, one invoice, and one payment". And a reimbursement credit system has been established. Under the credit system, the higher the credit score, the shorter the approval time, and the faster the reimbursement payment will be received.
For financial personnel, minimalist reimbursement also provides financial personnel with work convenience to the greatest extent. It can be said that the functions of all-employee scanning and automatic invoice verification are the favorites of employees and finance. Among them, all-employee scanning allows employees to directly upload attachments such as invoices during the reimbursement process, so that companies do not need to set up dedicated scanning personnel or purchase scanning equipment, and the storage and retrieval of electronic materials are worry-free and convenient. At the same time, the system automatically checks, so financial personnel no longer have to worry about the authenticity of invoices.
For enterprises,Minimalist Reimbursement is a "data warehouse" that provides useful information for management decisions. As a large collection of enterprise expense data, Simplified Reimbursement has massive data and can generate multi-dimensional expense analysis reports, advance booking statistical reports, input tax accounting detailed reports, employee current payment reports, etc., which can truly help enterprise management decisions.
Open banking has gradually become the direction of digital transformation for commercial banks. In recent years, Zheshang Bank has actively promoted the platform service strategy and built a comprehensive service platform of "technology + finance + industry + customers", and its internal management technology has also been gradually exported to the outside world.
It is understood that as a free cost control product provided by Zheshang Bank for strategic customers, Jiefang Reimbursement already has hundreds of thousands of individual users, and its customers cover manufacturing, service industries, commercial enterprises, financial industries, It is used in many industries such as construction, Internet, and hospitals, and is used by many large, medium, and small enterprises such as listed companies, central enterprises, and city commercial banks.
Judging from customer feedback, the use of minimalist reimbursement has been widely recognized. Taking a certain city commercial bank as an example, the original paper-based application model, unfixed business travel booking channels, and offline approval processes have all been improved through automation technology in simplified reimbursement, reducing the company's workload by more than 20%. In the reimbursement work, the reimbursement cycle has been shortened by 30%, and employee satisfaction has been greatly improved. The system's budget management module supports multi-dimensional settings, controls corporate budgets, automatically generates accounts, and various report management provides financial personnel and managers with more decision-making information.
Another example is a listed company that is troubled by tedious matters such as paper approval, invoice verification, and manual accounting. Minimalist Reimbursement uses functions such as online mobile approval, automatic invoice verification, and automatic generation of accounts by the system. The approval efficiency of leaders has been greatly improved. System automation and process reengineering have reduced the workload of basic financial work by about 40%. Finance can also report department expenses, abnormal reimbursement invoices and other matters to leaders through data reports. (Jin Wen)
『九』Zheshang Bank’s blockchain bill system is
a digital bill.
The bill is a valuable certificate, which always requires a hidden "third party" role in the transmission to ensure the safety and reliability of both parties to the transaction.
But with the help of the blockchain, there is no need for a third party to supervise and verify the information transmitted by the value of the transaction parties, nor does it require specific physical objects as proof of trust between the two parties, realizing the point-to-point transfer of value. Intangible" transmission.
Digital bills are not a new physical bill, nor a simple virtual information flow. It is a brand-new bill developed using blockchain technology and combined with existing bill attributes, regulations and markets. The form of bill presentation is completely different in technical architecture from existing electronic bills.
The advantages of the blockchain ticket platform are as follows: system construction and data storage do not require a central server, nor central-level applications; data integrity, transparency and verifiability through timestamps are critical to any value exchangeAll can be tracked and queried; the form of smart contracts makes the notes programmable and controllable throughout their life cycle.
