How Supply-chain Finance Breaks out of Manufacturing Predicament
Special guests at the event included Xie Hong, executive president of Guangdong Council for the Development Promotion of Small and Medium Enterprises; Zeng Qi, general manager of Settlement and Cash Management Department at ICBC Headquarters; Xie Zhong, deputy director of ICBC Guangdong Branch; Eden Han, vice president of DeTao Group; Zhu Jianyang, vice president of Ginkgo; Tang Liang, deputy general manager of Trade Bank Centre at ICBC Headquarters; and senior officials at Foshan and Dongguan Branches of Guangdong Branch of ICBC Headquarters.
The event kicked off with speeches from the organisers, which were given by Xie Hong, executive president of Guangdong Council for the Development Promotion of Small and Medium Enterprises; Eden Han vice president of DeTao Group; Zeng Qi, general manager of Settlement and Cash Management Department at ICBC Headquarters; and Xie Zhong, deputy director of ICBC Guangdong Branch.
Xie Hong, executive president of Guangdong Council for the Development Promotion of Small and Medium Enterprises, expressed that the council shared a number of ideologies with its partner DeTao: “In the age of the Internet, with the help of big data and through business and industrial collaboration, entities are integrated and credit becomes flatter and more digitalised and transparent, which are critical to solving financing issues that face small and medium-sized enterprises.”
Xie expressed his gratitude to DeTao Group and ICBC for visiting Guangdong to engage in a dialogue with local manufacturers. He hoped that with the help of DeTao’s network and ICBC’s financial support, the competitiveness of the businesses would be fortified, which would in turn share and further promote their development.
Xie Hong, executive president of Guangdong Council for the Development Promotion of Small and Medium Enterprises, delivering a speech
Han’s speech was followed by those from Zeng Qi, general manager of Settlement and Cash Management Department at ICBC Headquarters, and Xie Zhong, deputy director of ICBC Guangdong Branch. Zeng stated that as Internet technology continued to evolve and the sharing economy continued to develop, large enterprises such as ICBC must also consider how to serve more businesses with better and faster means through better collaboration. That is why ICBC chose DeTao Group as its partner.
Zeng also elaborated on the vision for collaboration between ICBC and DeTao Group. She mentioned that DeTao served businesses and, with its globalised proposals, offered businesses design consultation, designed innovative internationalised products and created long-lasting core competitiveness. Financial services were offered to businesses through collaboration with Ginkgo and banks. Based on that as stated above, ICBC chose to collaborate with DeTao in the hope of complementing each other and helping businesses to live up to their values and perpetuate success.
Zeng Qi, general manager of Settlement and Cash Management Department at ICBC Headquarters, delivering a speech
Engaging keynote speeches
Following the addresses from the organisers, the engaging keynote speeches marked the culmination of the event.
Han Yi, vice president of DeTao Group, delivered a keynote speech on “How to create a smart global supply-chain platform for manufacturers”. He vividly explained the details of the smart supply-chain platform that DeTao wished to create based on new concepts and how it would integrate resources to connect good ideas and products with global supply-chain systems, which would in turn bring manufacturers and the world closer.
Han proposed connecting the entire supply-chain system with the Internet, enabling every industry to swiftly connect with more banks and industries on the online platform. He also elaborated how DeTao had introduced the finest services of the industry and the world to businesses using the Internet, as it combined the existing supply-chain system through financial and design innovation and the product innovation system. This comprehensive chain offered businesses globalised solutions, from core businesses, supply-chain service platforms to financial innovation services for products and smart supply-chain systems.
Smart supply-chain platforms may serve as the risk management for businesses, supply chains and banks while offering the most authentic data support. Under the widespread supervision of risk management, data becomes an asset to the platform and businesses along the supply chain.
Eden Han vice president of DeTao Group, delivered a keynote speech titled “How to create a smart global supply-chain platform for manufacturers”
Ginkgo has accomplished two objectives for the Internet: one is interconnection, which connects every participant with the help of a new model, be it businesses, banks, customs and logistics; the other is ensuring liquidity, whereby issues involving discrepant information and funds are solved through different collaborative means and banks and similar institutes.
Ginkgo solves the issues of supply chain and its financing through the achievement of two objectives as supported by interconnection and liquidity: one is how to widely and effectively establish global trade relations and the other is how to efficiently and reliably achieve business and financial interaction.
Zhu Jianyang, vice president of Ginkgo, delivered a keynote speech on “Providing supply-chain trade a technological support platform”
More than two hours later and following three engaging keynote speeches came the Q&A session. The entrepreneurs posed a series of key questions, which Han Yi, vice president of DeTao Group, and senior officials of ICBC answered in detail.
An entrepreneur posing a question
Eden Han, vice president of DeTao Group, taking questions from entrepreneurs
An ICBC expert answering questions from the entrepreneurs
An ICBC expert answering questions from the entrepreneurs
Finally, the event successfully concluded as guests toasted to one another.