Market Size of China Supply Chain Financing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | > 10.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Supply Chain Financing Market Analysis
The China Supply Chain Financing Market is expected to register a CAGR of greater than 10% during the forecast period(2024-2029).
Its goal is to make the supply chain more financially efficient and to cut buyers' and sellers' working capital by a large amount. It lets buyers extend the time they have to pay, and it gives suppliers access to better financing rates.
The pandemic changed the way people bought things in a big way across all industries, from where raw materials came from to how people got what they needed. In 2020, the Indian market dropped by a huge amount because of the COVID-19 pandemic. Remote work and social distance made it more likely for unregistered channels to be used to spread false information about trades. During the pandemic, however, organizations made their supply chain operations safer by changing them all the time, adapting to the technological revolution, and driving the growth of the supply chain finance industry.
The Chinese government has been encouraging the growth of supply chain finance as a way to boost the real economy. It has also put in place a number of rules and policies to speed up the development and innovation of the supply chain finance industry, with a focus on improving financing and liquidity conditions for businesses along supply chains through digital channels. With help from the government, financial institutions look for new ways to offer more services to small businesses along industry chains, support big construction projects and the growth of core industries, and help the real economy grow. Technology solutions for supply chain finance can make it easier to share information, drive standardization and automation across supply chains, and allow for more data-driven risk management. This will help lower financing costs and improve operational efficiency in the long run. CIC says that more and more financial institutions and anchor enterprises are using integrated technology solutions to digitize and simplify asset collection and verification, financing, and other workflows in supply chain finance in order to improve operational efficiency.
