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Dalian Free Trade Area Having Introduced a New Mode for Small and Medium-sized Enterprise Supply Chain Financing
        To carry out General Secretary Xi Jinping’s instruction as "enhancing the economic ability of financial service entities", Dalian Detai Supply Chain Technology Co., Ltd., an enterprise in Dalian Free Trade Area, has introduced innovatively the new mode as "factoring + notes + big data" for small and medium-sized enterprise financing via its intelligent financial service platform to solve the financing difficult problem faced by shipping, cold chain, bulk commodity and other small and medium-sized enterprises. 
        Those small and medium-sized enterprises with financing needs sign contracts with factoring companies and supply chain companies respectively through the intelligent financial service platform to obtain funds in the combined form of "commercial factoring + note discount", so that the flow of funds is under effective supervision to reduce the risk of fund loss, promote the business volume of enterprises to increase substantially. After a marine fuel retailer obtained funding in this way, the single fuel purchase increased by 300%, the monthly fuel sales volume increased by 50%, the annual sales amount increased by more than RMB 20 million yuan with the enterprise gross profit rate increasing from 10% to 13%.
        At the same time, the intelligent financial service platform adopts big data, cloud computing, block chain and other technological means to form an enterprise portrait and risk control model, transform the subjective judgment of enterprise credit into objective decision based on big data, and enhance the public trust guarantee of financial institution credit granting. The platform also provides real-time intelligent trade contract signing service, allowing the contract signing time to reduce from one month to one day with the transaction authenticity confirmation rate going up from 50% to 80%.        
        In the next step, Dalian Free Trade Area will continue to rely on the intelligent financial service platform to extend the supply chain financial services to more areas to promote the development and growth of small and medium-sized enterprises, and improve the level of financial services to the real economy in Dalian Free Trade Area.