On November 12, ZGC Listed Company Development Forum & ZGC Listed Company Association (referred to as “ZGC LCA” held a general conference. At the conference, ZGC Financial Service Company and ZGC LCA sign a cooperation agreement on credit trading.

As an important carrier of implementing the financial service strategy of ZGC Development Group, ZGC Financial Service Company bears the responsibility and mission of innovating Techfin.

Underpinned by the “Online Comprehensive Service Platform for ZGC Enterprises”, the two parties will focus on cooperation in the fields of credit-chain construction and credit-trading business of listed companies in Zhongguancun. 

The Cooperation will radiate the brand effect of ZGC Financial Service Company to the listed companies in Zhongguancun. By supplying reliable enterprise credit data and risk information, it will also help the enterprise members of ZGC LCA and their upstream and downstream partners obtain low-cost, more-convenient and more-efficient online financing matching services.

In the future, ZGC LCA will recommend its listed member enterprises and their upstream and downstream partners in need of a small amount of working capital to register on the platform and feed in their information. According to the financing matching procedures, the platform then gives them credit rating and match appropriate financing firms for them.

Based on the enterprise credit chain, the platform utilizes credit information, such as credit rating and risk rating, to build up public credibility of credit rating and a “Enterprise Credit Chain of ZGC Listed Companies” for trading credit. By virtue of the credit chain, the listed companies can directly connect with investors, increasing the financing efficiency and realizing the “lending at the sight of credit rating”.

“ZGC Enterprise Credit Trading Platform” shall confirm the right of “receivables” of suppliers of ZGC LCA member enterprises. After the confirmation, the “receivables” will become data assets, which can be transferred, or financed through collateral or pledges on the platform.

The commercial bills, backed by real trade and accepted by the member enterprises of ZGC LCA, can be traded on the professional bill platform after the credit chain verification and credit enhancement by the Credit Trading Platform.

The professional bill platform can then provide their suppliers with factoring finance with commercial bills as repayment methods, and commercial bill discount that is secured by a guarantee company, realizing credit relay.