Standardized bills + blockchain help SME bill financing

Since this year, the financing needs of SMEs have become more urgent. Under the traditional model, commercial bills are facing difficulties in bill financing and expensive financing due to their obvious individual characteristics, more complex price mechanisms, and low standardization. At the end of June this year, the People’s Bank of China formally issued the “Measures for the Management of Standardized Bills”, clarifying the definition, participating institutions, basic assets, creation, information disclosure, investor protection, and supervision and management of standardized bills to regulate the development of standardized bills. “Standardized bills expand the market participants, broaden the channels for SME bill financing, and open up a new direction for the development of supply chain finance.” At present, there are already financial technology companies in “blockchain + bills + supply chain finance”. Field exploration layout.