Beijing ZGC Rongxin Digital Technology Co., Ltd. (“ZGC Rongxin”), with the strong support of ZGC Development Group and ZGC Financial Service, officially released ZGC Credit Trading Platform to provide financing solutions with Zhongguancun characteristics. It will solve the problem of “difficult, slow and expensive financing” for sci-tech firms, and further stimulate the vitality of innovation-based firms and start-ups.

Underpinned by blockchain, big data and other information technologies, ZGC Credit Trading Platform, is based in Zhongguancn, with an outlook to the Beijing-Tianjin-Hebei region, Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta and other key regions.

With credit chain as its core, the platform, carries transaction matching functions, such as “credit trading”, “financing matching” and “standardized asset pool”, aiming to build a national integrated fintech service platform centering on serving small- and medium-sized sci-tech and innovation-based companies.

Using the data accumulate by ZGC Financial Services over more than 10 years, and combining relevant data from other sources and basic company attributes (such as the industry of the company, and its life cycle), the platform produces enterprise development credit reports after modeling and analysis.

The objective of the platform is to build a credit consensus mechanism, realize the core value of “Zhongguancun enterprise credit chain”.

As an integrated business platform that includes “assets end, a trading platform and a capital end” and an online trading market for credit applications, it provides low-cost and efficient funds for SMEs to solve the problem of “difficult, slow and expensive financing” by smart matching of funds and assets.   

ZGC Credit Trading Platform, based on in-depth research on the risk control of SMEs, has established a differentiated risk and credit evaluation system according to the distinctive characteristics of innovation-based and high-tech firms.  

By aggregating previous information on a firm’s operation and contract fulfillment, the platform mainly scores its credit in terms of three aspects: subject credit, transaction credit and underlying assets credit.

The platform also has deep cooperation with internet banks, joint-stock banks, city commercial banks, guarantee institutions and other financial institutions, to promote the firm’s development through credit financing, IP financing and other means, and to solve the problem of “difficult first loan”.

The platform has also launched a distinctive series of “financial housekeeper” service, including 16 featured products, such as credit loan, IP-financing guarantee and etc. with the financing line up to 50 million yuan for each firm. Some of the products are pure credit loans; while others offer special preferential interest rate to companies that take out loans for the first time.