English
Back
Open Account

Linklogis partners with Fudian Bank to support Yunnan State Farms Sugar Industry in implementing multi-level transfer business

Recently, Linklogis partnered with the Xishan branch of Fudian Bank in Kunming to help Yunnan State Farms Sugar Industry Group Co., Ltd. (hereinafter referred to as 'Yunnan State Farms Sugar Industry') successfully implement its first reverse factoring multi-level transfer business, with a transaction scale of 50 million yuan. This initiative injected strong financial vitality into the sugarcane industry chain ecosystem in Yunnan and promoted high-quality development of the industrial ecosystem.
Yunnan State Farms Sugar Industry is a key leading enterprise in agricultural industrialization in Yunnan Province, a provincially owned key state-owned enterprise, and also a second-tier subsidiary group under Yunnan State Farms Group specializing in the development of the sugarcane industry. It shoulders the mission of developing a hundred-billion-yuan sugarcane industry, with several core indicators ranking at the forefront of Yunnan Province and hitting record highs. The company has formed four major business segments: sugar production, marketing, raw materials, and non-sugar products, covering all links of the industrial chain including sugarcane planting, sugar processing, warehousing, and logistics. The upstream and downstream involve a large number of small, medium, micro suppliers and farmers.
The recently implemented electronic certificate reverse factoring business, supported by the excellent credit of Yunnan State Farms Sugar Industry, was processed online through Linklogis' self-developed 'Xunyi Chain' supply chain finance platform. Core enterprises, based on real trade backgrounds, convert accounts payable into 'tamper-proof, multi-level divisible' electronic debt certificates, achieving the penetration-style transmission of excellent credit across the industrial chain. Suppliers can initiate financing applications online, and rely on the platform's credible confirmation of trade backgrounds to quickly obtain financing support, effectively solving the pain points of the traditional model such as 'difficulty in confirmation, slow financing, and high costs'.
During the project’s advancement, Linklogis closely collaborated with the Xishan branch of Fudian Bank in Kunming, leveraging their respective strengths. The Xishan branch of Fudian Bank actively practiced the orientation of financial services supporting the real economy, focusing on key areas of the agricultural industry chain, and precisely meeting the financing needs of the industrial chain with innovative financial services. Linklogis utilized the technical capabilities of the 'Xunyi Chain' platform to achieve efficient, secure, and online operation of the business. Together, they provided a one-stop supply chain financial solution for Yunnan State Farms Sugar Industry and upstream and downstream small, medium, micro entities, ensuring smooth implementation of the business and laying the foundation for the scaling up of regional agricultural industry chain financial services.
This collaboration represents an important practice for Linklogis in the agriculture and food industry, driving supply chain financial technology into key segments of the industrial chain. In the future, Linklogis will continue to leverage its supply chain financial technology expertise and resource integration capabilities to deepen cooperation with various financial institutions and core enterprises. Relying on the capabilities of the Xunyi Chain platform, it will provide customized solutions to promote the digital and intelligent upgrading of supply chain finance, ensuring that financial resources reach all segments of the industrial chain accurately. This effort will continuously inject financial momentum into the high-quality development of the agricultural industry chain, rural revitalization, and industrial upgrading.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty. Read more
See Original
Report
15K Views
Comment
Sign in to view/post comments
avatar
LINKLOGIS
The official account of Linklogis
100K
Followers
113K
Visitors
Follow
Market Insights
Middle East conflict spreads to the stock market! How should investors respond?
On March 25 Eastern Time, the Iranian Foreign Minister stated that the US is conveying messages through various intermediaries, and exchangi Show More