Beijing, February 1, 2026 — The "China Enterprise Supply Chain Finance White Paper (2025)", jointly released by the China Enterprise Reform and Development Research Association and Tsinghua University's PBC School of Finance, has drawn significant attention at the annual Enterprise Supply Chain Management Forum. This comprehensive report analyzes the strategic positioning, practical challenges, and future trends of supply chain finance in the new era, providing crucial theoretical guidance for Chinese enterprises to build secure, resilient, green, and intelligent supply chain systems amid global economic complexities.
I. Strategic Evolution: The New Mission of Supply Chain Finance
As China's economy transitions from rapid growth to high-quality development, the stability and resilience of industrial chains, along with supply chain efficiency and coordination capabilities, have become critical indicators of national economic health. The white paper positions supply chain finance as more than traditional financing—it's now a strategic tool for securing industrial chains, maintaining industrial safety, and enhancing global competitiveness.
With enterprise competition shifting from internal optimization to ecosystem collaboration, and great power competition focusing on supply chain control rather than traditional resource battles, the policy significance of supply chain finance has reached unprecedented levels.
II. Current Landscape: Growth Amid Challenges
China's supply chain finance market has demonstrated remarkable growth, with diverse participants and world-leading digital capabilities. Blockchain, IoT, and AI technologies are fundamentally transforming business models and risk control mechanisms. However, the report identifies several critical challenges:
- Limited strategic understanding: Many enterprises fail to recognize supply chain finance's potential for resource optimization and competitive advantage.
- Data fragmentation: Low information sharing between participants creates information asymmetry, hampering effective risk control.
- Standardization gaps: The absence of unified industry standards leads to operational risks and limits scalability.
- Talent shortage: A critical lack of professionals with both financial and industrial chain expertise constrains long-term development.
III. Risk Management: Building Collaborative Governance
The white paper systematically outlines ten core risks in supply chain finance, including:
- Macroeconomic and geopolitical volatility impacting supply chain stability
- Cascade effects from core enterprise credit risks
- Fraud risks from fabricated trade backgrounds
- Vulnerabilities in SME creditworthiness
- Over-concentration in critical industries
- Emerging technological and compliance risks from digital transformation
The report proposes an innovative "whole-chain co-governance" framework combining intelligent risk control and ecosystem mitigation, emphasizing multi-stakeholder collaboration between government, financial institutions, core enterprises, and technology platforms.
IV. Future Trends: Technology-Driven Ecosystem Integration
The white paper forecasts several key developments:
- Digital twin technology: Creating real-time digital replicas of supply chains for enhanced monitoring and decision-making
- AI models: Transforming risk control from manual approval to comprehensive intelligent decision-making
- Privacy computing: Enabling secure data sharing to break down information silos
Green supply chain finance is expected to significantly contribute to carbon neutrality goals, while industrial metaverse applications will create new service scenarios. The integration of supply chain finance with industrial investment banking will emerge as an important innovation direction.
V. Core Value: Industry Transformation and Security Enhancement
The report crystallizes supply chain finance's dual value proposition: reconstructing industrial value and building security systems. By enabling core enterprise credit transmission and monetizing SME transaction data, supply chain finance enhances whole-chain coordination efficiency—a crucial mechanism for developing globally competitive enterprises.
In today's complex geopolitical environment, the white paper positions supply chain finance security as integral to both financial security and industrial chain safety. This comprehensive analysis provides an academic framework for systemic risk prevention while enhancing China's industrial competitiveness and resilience.