On December 14, China Brilliant signed a strategic cooperation agreement with Guangdong Provincial Supply Chain Financial Innovation Compliance Laboratory (hereinafter referred to as the Provincial Laboratory) and ICBC Shenzhen Branch. On the same day, the ‘Industrial Intelligence Federation SCF Joint Laboratory’ jointly established by China Brilliant and the provincial laboratory was unveiled. Zhu Hong, director of the Futian District Financial Services and Risk Prevention and Control Center, and representatives of the Futian District Bureau of Industry and Information Technology witnessed the signing and inaugurated the joint laboratory. The strategic cooperation reached by the three parties has opened a new model of ‘public service institutions+financial institutions+industrial institutions’ cooperation, openning a new milestone in the joint supply chain financial innovation of government, industry and finance.

The SCF joint laboratory of Industrial Intelligence Association was jointly initiated and established by China Brilliant and the provincial laboratory. Its work objective is to explore the risk control methodology and algorithm model of export supply chain finance in the field of industrial supply chain services, and to serve the construction of risk control methods of financial institutions. At present, the United Laboratories, together with ICBC Shenzhen Branch, has successfully completed the loan to customers of China Brilliant Group through the direct train of Futian industry and finance. This credit financing, based on data-driven, has realized the precise drip irrigation of ICBC’s inclusive finance to small and medium-sized entities, and is also a landmark model change in the supply chain management service industry. Facing customers, supply chain management companies and banks are no longer competitive and cooperative under the zero-sum game, but mutually irreplaceable win-win cooperation.

Ouyang Zhijun, vice president of China Brilliant, said that the strategic cooperation between the three parties has provided a new solution to the financing difficulties, high financing costs and financing bottlenecks in the supply chain management industry that have troubled for many years. Make supply chain management companies focus more on the main business of supply chain management, focus on improving supply chain management capability and reducing credit risk bearing. Supply chain management companies assist banks to jointly complete the credit financing of small and medium-sized enterprises in the industrial chain, and promote the in-depth integration and development of ‘industrial chain, data chain, science and technology chain, and financial chain’ under the premise of compliance. The industry needs a new type of public service institution, such as provincial laboratory, and a new type of public infrastructure platform.

In the future, the SCF Joint Laboratory of Industrial Intelligence will continue to research and develop the financial risk control methodology in the field of industrial supply chain management, and provide a comprehensive, all-angle, full-chain digital intelligence solution for supply chain finance in this field; Based on the scenario of China Brilliant supply chain service, through China Brilliant big data, cloud computing, AI intelligence and other technologies, build a digital and intelligent closed loop of business flow, logistics, capital flow and information flow, reduce the information asymmetry between enterprises and funders, effectively identify and dynamically control credit risk through intelligent risk control system, accurately serve the high-quality development of the industrial chain, and comprehensively improve the core competitiveness of enterprises.

(Resource: Guangdong Supply Chain Financial Innovation Compliance Laboratory)