Dalian Recycled Resources Exchange and Construction Bank officially launch online trade financing operation service system


Release time:

08 May,2015

Recently, Dalian Recycled Resources Exchange and China Construction Bank signed a strategic cooperation agreement on online banking. The online trade financing operation service system (hereinafter referred to as the trade financing system) was officially launched. Jing Jianhua, deputy secretary of the Party Committee of China National Supply and Marketing Cooperative Group; Zhang Gengsheng, deputy governor of China Construction Bank; Cai Yayong, deputy general manager of the Corporate Business Department; Kong Dechun, chairman of Dalian Recycled Resources Exchange; Wang Zhongxiang, general manager of Dalian Recycled Resources Exchange; and Guo Yuanxi, president of the Dalian branch of Construction Bank, attended the signing ceremony.

Recently, Dalian Recycled Resources Exchange and China Construction Bank signed a strategic cooperation agreement on online banking. The online trade and finance operation service system (hereinafter referred to as the trade and finance system) was officially launched. Jing Jianhua, Deputy Secretary of the Party Committee of China National Supply and Marketing Cooperative Group; Zhang Gengsheng, Deputy President of China Construction Bank; Cai Yayong, Deputy General Manager of the Corporate Business Department; Kong Dechun, Chairman of Dalian Recycled Resources Exchange; Wang Zhongxiang, General Manager of Dalian Recycled Resources Exchange; and Guo Yuanxi, President of Dalian Branch of Construction Bank, attended the signing ceremony.

 

  
It is understood that the trade and finance system is a supply chain financing service jointly launched by Dalian Recycled Resources Exchange and Construction Bank from the perspective of Internet finance. Based on the "N+1+N" supply chain model, the system provides comprehensive financing services, information services, and logistics supervision services to upstream and downstream customers in the supply chain, led by core enterprises, through innovative transaction models, financing models, and a groundbreaking system architecture, leveraging the online trading platform.
 

  In this cooperation, Construction Bank, based on the existing business of Dalian Recycled Resources Exchange, has launched targeted financing methods such as warehouse receipt financing and order financing. By integrating resources through Internet technology, it improves the high transaction costs and information asymmetry problems existing in traditional finance, which helps to effectively solve the problems of financing difficulties, slow financing, and high financing costs for real entities.

 

  Jing Jianhua, Deputy Secretary of the Party Committee of China National Supply and Marketing Cooperative Group, said that through the cooperation of the supply chain financing business of the trade and finance system, both parties actively responded to Premier Li Keqiang's "Internet + Action Plan" mentioned in the 2015 Government Work Report, fully combining the capital advantages and online banking advantages of China Construction Bank with the brand advantages and platform advantages of Dalian Recycled Resources Exchange in the recycled resources industry, pushing the strategic cooperation between banks and enterprises in the Internet era to a new height.

 

  The successful signing represents an innovation by Dalian Recycled Resources Exchange and Construction Bank on traditional models, and fully embodies Dalian Recycled Resources Exchange's consistent commitment to serving the real economy and promoting the circulation of bulk commodity markets.

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