CBHB Guangzhou Branch has launched a customized digital supply chain finance product, "Order e-Loan," to address the financing difficulties of small and micro textile enterprises.
The textile industry, a traditional pillar sector in China, features long supply chains and a large number of market participants. Wholesalers in the cloth wholesale sector often operate as light-asset businesses, lacking effective collateral and having insufficient daily management records and financial documentation. Traditional credit lending, which relies heavily on fixed asset mortgages and corporate financial statements, has high entry barriers and lengthy approval processes, failing to meet the short-term capital needs for centralized stockpiling and order turnover. This financing bottleneck restricts enterprises from taking on orders and expanding operations.
To break out of conventional credit thinking and fundamentally solve the financing challenges for textile micro and small entities, CBHB has been exploring ways to restructure its inclusive finance product range for the textile industry. In partnership with the ZhiJing "QuanBu" platform, the bank introduced the "Order e-Loan" product, a fully online, unsecured credit solution tailored for the textile sector. The product is embedded into the platform's user transaction scenarios, leveraging real transaction data, borrower credit history, and operational data to provide liquidity loans for raw material procurement.
By utilizing the platform's authentic transaction environment, CBHB Guangzhou Branch has shifted from the traditional "collateral-heavy, fixed-asset-focused" lending model to a data-driven, transaction-based credit evaluation system. The "Order e-Loan" eliminates the requirement for real estate collateral, instead using merchants' actual purchase orders, long-term transaction flows, historical performance records, and online operational data for credit assessment. This "data is credit" approach creates a new path for inclusive finance. In this collaboration, the platform handles transaction data verification, goods flow monitoring, and industry scenario endorsement without using the borrower's credit limit, lowering barriers for multi-party cooperation and facilitating large-scale rollout.
"Previously, getting a loan meant shuttling back and forth to prepare documents and even mortgaging a property. Now, a purchase order triggers an online application and quick withdrawal, with the loan amount fully covering the order needs," said a cloth merchant from the Zhongda Cloth Market. The "transaction is financing" model aligns well with the capital turnover characteristics of the textile industry's procurement, production, and distribution processes. Furthermore, loan funds are disbursed through a directed, entrusted payment mechanism, ensuring closed-loop capital control. This allows financial resources to flow precisely along the entire supply chain—from yarn and dyeing to finished cloth and apparel—while efficiently meeting enterprise financing needs and strengthening credit risk management.
To meet merchants' demand for convenient financing, CBHB Guangzhou Branch has built a fully online service system encompassing application, intelligent approval, offline contract signing, and disbursement. This significantly reduces processing time, accurately matching the short-term capital needs of cloth wholesalers for order turnover and stockpiling, thereby improving financing accessibility and service convenience for small and micro clients. The project has secured a dedicated credit line of 1 billion yuan, with a single customer limit of up to 10 million yuan. Since its launch, the bank has approved 120 million yuan in credit and disbursed 51.37 million yuan, continuously injecting financial liquidity into the textile industry chain.
Looking ahead, CBHB Guangzhou Branch will remain committed to serving the real economy, deepening its digital inclusive finance efforts. While steadily advancing the "Order e-Loan" product and exploring the financing needs of upstream and downstream SMEs in the textile supply chain, the bank plans to innovate more digital financial products for the industry chain. It aims to replicate the mature "scenario data plus fully online order-based unsecured financing" model to other sectors, enriching its digital inclusive finance product matrix. This will continuously provide development momentum for thousands of small and micro enterprises, contributing robust financial support to the high-quality development of the local real economy.
Comments