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Linklogis Profits from Beijing Supply Chain Financing Campaign

BambooWorks咏竹坊  · 公众号  ·  · 2022-10-20 08:00
    

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Key takeaways: 1、Linklogis grew the number of anchor enterprise customers using its supply chain financing services by 50% to 327 in the nine months to September 2、The strong gains came after Beijing began requiring state-owned companies to build systems to help finance the operations of their suppliers Beijing has come up with a clever solution to aid small businesses that are critical links in complex supply chains as it faces pressure to jumpstart economic growth: Providing them with financing backed by receivables from their deep-pocketed state-owned buyers. Beneficiaries of that campaign include  Linklogis Inc.  (9959.HK), which reported its business received  a strong boost  in the first nine months of the year as a result of the new policy. Since the end of last year, the entity that oversees big state-owned companies has required those companies to use technology platforms to assist in financing for their suppliers. In such a transaction, a company, or an “anchor,” ………………………………

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