The scale of China's supply chain finance industry has shown a good trend of development. According to data released by the regulatory authorities, the national supply chain financial scale had reached 1.57 trillion yuan by June 2019, an increase of 35.7% year-on-year.
At the same time, a series of policies have been introduced to accelerate the development of the supply chain finance industry. For example, the National Development and Reform Commission, the China Banking Regulatory Commission, the State Administration of Taxation and other departments have issued the Guidance on Deepening the Reform of Supply Chain Finance to deepen the reform of supply chain finance, support financial institutions to use supply chain finance services, and support enterprises to meet supply chain finance needs.
In the future, the scale of China's supply chain finance market will continue to maintain a growth trend, and the government will continue to promote policy reforms, expand the scope of supply chain financial services of financial institutions, support enterprises to meet supply chain financial needs, and improve the level of supply chain financial services. At the same time, the government will also increase the supervision of the supply chain finance industry to ensure the healthy development of the industry.
Continuing to promote the development of supply chain finance will inject new impetus into the development of China's economy, provide better financial services for enterprises, and better promote the healthy development of society and economy.
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