Following the Central Financial Work Conference's inclusion of "inclusive finance" as one of the five key financial priorities, emphasis has been placed on enhancing the coverage, accessibility, and satisfaction of financial services to precisely channel financial resources into the weaker segments of the real economy. As a foreign bank with deep cross-border expertise, Nanyang Commercial Bank China, under China Cinda, leverages its unique advantage of connecting domestic and international markets. Aiming to serve national strategies and supported by digital inclusion, it has innovatively developed a dual-engine model driven by "cross-border financial services" and "inclusive finance activating the '1+N' ecosystem" to foster high-quality development in the private sector.
Leveraging Differentiated Financial Strengths Nanyang Commercial Bank China's Beijing Branch has deeply cultivated the local market, accurately identifying the financial needs of private enterprises in cross-border trade and strategic resource procurement. It successfully executed its first financing business for the procurement of Simandou iron ore, providing professional cross-border financial services to support national resource security. Located in southeastern Guinea, Simandou is one of the world's largest and highest-quality undeveloped iron ore deposits. It holds strategic importance for China in optimizing its iron ore import structure, reducing reliance on specific countries, and enhancing the security of steel raw material supply and global bargaining power. Based on Nanyang Commercial Bank China's expertise and high-quality services in trade finance, a private steel enterprise entrusted its first Simandou iron ore procurement transaction to the Beijing Branch. Upon learning of the demand, the branch responded swiftly, with front, middle, and back offices working closely together and headquarters and branches coordinating seamlessly, efficiently completing the entire process of letter of credit issuance and accompanying financing. The successful execution of this business not only ensured the client's smooth settlement for the first shipment of Simandou iron ore but also demonstrated Nanyang Commercial Bank China's capability and commitment to empowering private economic development through cross-border finance and supporting the Belt and Road Initiative. This exemplifies how foreign banks are deeply integrating into the broader context of national development.
Inclusive Innovation: Activating the "1+N" Supply Chain Ecosystem to Precisely Support SMEs Addressing the financing pain points of "small amounts and high frequency" faced by numerous small and medium-sized suppliers upstream of private core enterprises, Nanyang Commercial Bank China utilizes its differentiated advantages as a foreign bank. It innovatively employs financial instruments, relying on the strong credit of core enterprises, to tailor a "1+N" non-recourse factoring financing solution. This model uses the core enterprise as a credit pivot to extend funds precisely to SMEs at the end of the supply chain. It effectively revitalizes accounts receivable, significantly shortens payment cycles, greatly alleviates the financial pressure on upstream suppliers, and tangibly activates the operational vitality and development resilience of SMEs.
Taking a private steel group served by Nanyang Commercial Bank China's Beijing Branch as an example, its upstream includes dozens of SMEs providing raw materials, logistics, and processing services. These enterprises typically have small asset scales and lack traditional collateral, making financing difficult and expensive. Nanyang Commercial Bank China introduced the "1+N" non-recourse factoring business, allowing suppliers to obtain financing based on their accounts receivable from the core enterprise without needing additional collateral, achieving precise "drip irrigation" of financial resources. This model not only reduces the overall financing costs of the supply chain but also promotes the healthy and stable development of upstream and downstream industries, serving as a typical example of inclusive finance empowering the real economy.
Digital Drive: "Rongliantong" Enhances Service Efficiency, Deep Integration of Technology and Inclusion To further improve the quality and efficiency of inclusive financial services, Nanyang Commercial Bank China actively embraces financial technology, launching the "Rongliantong" digital supply chain finance product this year. This product deeply integrates "digital + inclusion," significantly optimizing the operational experience and improving financing efficiency through online and automated processes. Suppliers can complete the entire process of application, signing, and drawing funds through online channels, reducing the financing cycle from over a week in traditional models to "T+0," truly achieving "letting data run more and enterprises run less." Simultaneously, Nanyang Commercial Bank China continues to optimize internal processes and client interfaces, using intelligent risk control models to dynamically assess supply chain transaction information and trade data, effectively addressing information asymmetry. The application of digital technology not only enhances the accessibility of inclusive finance but also continuously injects innovative vitality and development momentum into the "1+N" ecosystem.
Looking ahead, Nanyang Commercial Bank China will continue to uphold the political and people-oriented nature of financial work, strengthen its mission commitment, and delve deeper into the field of inclusive finance. On one hand, it will continue to leverage its strengths in cross-border finance, deeply participating in Belt and Road construction and critical strategic resource projects, using financial power to serve national resource security. On the other hand, it will continuously iterate the "1+N" supply chain finance model, providing more precise and efficient inclusive financial solutions to support the development of private enterprises and SMEs.
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