In Jinhua City, located in central Zhejiang Province and renowned for its vibrant private economy, over 1.5 million market entities shine like stars across this fertile ground for entrepreneurship. From logistics fleets shuttling between urban and rural areas to trading companies selling goods globally, and garment factories weaving a tapestry of fashion, they collectively form the capillary network of Jinhua's economy. However, low asset levels, lack of collateral, and information asymmetry have long been persistent financing challenges for many business owners.
How to break the deadlock? The promotion of the National Small and Micro Enterprise Cash Flow Credit Information Sharing Platform provides a digital key, quietly changing the financial ecosystem of this "hometown of a hundred crafts" and "commercial capital." Under the guidance of the Jinhua Branch of the People's Bank of China, Zhejiang Chouzhou Commercial Bank (hereinafter referred to as "Chouzhou Bank") uses the platform as a fulcrum to actively leverage data elements and explore ways to transform the most authentic and dynamic operating pulse of enterprises—cash flow—into the most reliable "digital credit assets," precisely irrigating different sectors of the real economy and writing a vivid chapter in Jinhua's "five major financial initiatives."
Exploring New Avenues for Credit Financing in Key Areas
Addressing the financing pain points of numerous "asset-light, collateral-deficient" enterprises in key sectors, Chouzhou Bank has shifted away from the traditional assessment logic reliant on fixed assets. Instead, it leverages its cash flow credit information platform to create a "precise profile" of each enterprise's true operational status. By deeply analyzing dynamic data such as transaction stability, payment regularity, and sustainable operational capabilities, intangible "operational vitality" is transformed into tangible "credit assets," effectively broadening the boundaries of credit support in key sectors. This innovation has proven highly effective in serving regional logistics companies. Jinhua is a crucial logistics hub in East China, home to thousands of logistics companies with a trunk network radiating across the country. This industry is characterized by its concentrated assets in vehicles, significant operational fluctuations, and difficulty in effectively assessing value under traditional lending models.
Jinhua Bosen Logistics is a typical regional delivery service provider. In recent years, in order to seize the opportunities presented by the e-commerce market in lower-tier cities, the company urgently needed funds to contract new logistics routes. However, apart from a dozen delivery vehicles, the company had almost no other assets that could be used as collateral, and its financial data was "unclear and unclear," thus repeatedly encountering obstacles in its loan applications.
Chouzhou Bank shifted its focus, moving away from the "visible wheels" and delving into the "invisible data flow." Through a capital flow credit information platform, the bank verified the periodic freight settlement records between its corporate accounts and several stable e-commerce clients, examined its regular fuel and toll expenses, and reviewed its annual records of social security contributions and salary payments for company employees. This dynamic, multi-dimensional data collectively paints a picture of a company with genuine business operations, stable management, and a strong sense of social responsibility.
Based on this purely "data-driven credit," the bank quickly provided a 500,000 yuan credit loan. With the funds arriving promptly, the company's business scope and revenue capabilities significantly improved. This shift from "wheels aren't assets" to "data flow is credit" has generated considerable buzz in Jinhua's logistics sector, revealing a new logic: for industries like logistics that are "on the road," a continuous and stable financial trajectory is itself the most reliable form of currency.
Exploring new avenues for supply chain finance support
The Jinhua foreign trade sector, with Yiwu at its core, is one of the "barometers" of China's foreign trade. It is home to tens of thousands of small and medium-sized foreign trade entities, but they generally face the common challenge of "having orders but lacking funds and insufficient collateral." To enhance the overall resilience of the industrial chain, Chouzhou Bank actively utilizes its capital flow information platform to thoroughly verify the genuine, closed-loop transactions and fund transfers between upstream and downstream enterprises in the supply chain. By independently analyzing the performance data and settlement trajectories of enterprises on the chain, it precisely directs financial resources to more links in the industrial chain, effectively exploring new service paths for supply chain finance.
Taking Zhejiang Kejie Import & Export Co., Ltd., a foreign trade enterprise, as an example, its financing needs are closely linked to the entire export supply chain. The company is located in Yiwu and mainly exports garments, with products sold to Europe, America, and Southeast Asia. In the second half of 2023, with the recovery of overseas markets, the company's orders increased rapidly. However, purchasing fabrics and paying for logistics required advance payments of large sums of money, leading to a sharp increase in liquidity pressure. Due to a lack of traditional collateral such as factory buildings and land, financing became difficult.
Chouzhou Bank conducted an in-depth "digital due diligence" for the company through its cash flow platform, cross-verifying the company's customs declaration data, foreign exchange settlement records, export tax refund flows, and settlement information with domestic factories—covering the entire financial chain. The data clearly showed that the company's export volume has steadily increased in recent years, its payment cycle is stable, it has close cooperation with upstream and downstream partners, and its creditworthiness is excellent. These "digital footprints" accumulated in cross-border transactions constitute strong proof of its creditworthiness.
In just three working days, a 3 million yuan unsecured working capital loan was disbursed to the company's account. This timely assistance gave the company the confidence to take on more orders and ensured the stable operation of its supply chain. From "worrying about unmet orders" to "obtaining loans based on transaction records," in today's uncertain global trade environment, credit assessments based on real, closed-loop trade data can provide small and medium-sized foreign trade enterprises with much-needed certainty and security, becoming their "digital ballast" against the storms.
Injecting new energy into data application scenarios
Textiles and apparel are traditional advantageous industries and important sectors for people's livelihoods in Jinhua, with hundreds of large-scale enterprises alone, a long industrial chain, and a large number of employees. However, under the wave of consumption upgrading and digitalization, many enterprises face financing pressure for transformation and upgrading, and their "soft power" such as R&D, design, and flexible production is difficult to value under the old credit framework. In response to the special financing needs of traditional manufacturing transformation and upgrading, Chouzhou Bank has extended the application of cash flow credit information from single-stage review to deep empowerment of enterprises throughout their entire life cycle and value chain. By integrating and analyzing multi-dimensional data from various stages such as R&D, procurement, production, and sales, the bank accurately identifies the value growth points in the transformation and upgrading process, thereby providing customized and scenario-based financial support and forming innovative cases with demonstrative effects.
The transformation and upgrading of Luohao Garment Group has benefited from this. The company is a well-known local garment enterprise with over 20 years of history, having grown into a comprehensive garment enterprise integrating R&D, design, production, and sales. In recent years, with the upgrading of consumer demand and the expansion of the customized market, the company plans to introduce intelligent production lines, expand high-end customized service channels, and upgrade customized fabric procurement and production lines. Each link requires continuous investment of real money. However, when the company reached a critical juncture in its transformation, it often felt its financial pulse was "insufficient."
Chouzhou Bank didn't stop at the balance sheet; instead, it delved into the company's "ecological value." Leveraging its cash flow platform, the bank comprehensively analyzed its operating data: long-term prepayment records with high-end fabric suppliers validated the quality of its supply chain; payments from group-purchased customized orders from enterprises and institutions demonstrated its market position; and continuous and increasing R&D investment and stable designer team salaries outlined its innovative vitality. This organic integration of cross-scenario data vividly portrays the company's innovative vitality and development potential as it climbs the value chain, showcasing the true creditworthiness of a company ascending towards both ends of the "smile curve."
Through data profiling and analysis, Chouzhou Bank granted the company a comprehensive credit line of 5 million yuan, focusing on supporting its intelligent transformation and material upgrades. With this financial support, the company's customized production capacity and responsiveness significantly improved, consolidating its advantages in a highly competitive market. From "limited loans secured by machinery" to "credit upgrades promoting transformation," for traditional manufacturing industries undergoing digital and intelligent transformation, financial empowerment based on full-value-chain data credit is more accurate in identifying and supporting the core drivers of their high-quality development than simply relying on fixed asset collateral.
From precisely "gilding" asset-light enterprises to restructuring the "credit chain" of the supply chain, and then to "turning stones into gold" for the upgrading of traditional industries, Chouzhou Bank is deeply exploring the value of cash flow data through its cash flow credit information platform, transforming the most vivid business scenarios of enterprises in different industries into the most effective credit language. This is not only an application of technology, but also a credit philosophy revolution from focusing on "past assets" to trusting "future flows." Since the launch of the cash flow credit information platform in July 2025, the bank has queried more than 1,200 enterprise profiles through the platform, providing credit support to hundreds of small and micro enterprises, and significantly improving approval efficiency.
This series of practices represents Jinhua's solid progress in deepening the application of capital flow credit information products and serving the "five major tasks." Looking to the future, with the deepening of market-oriented reforms of data elements and the continuous optimization of platform functions, this "digital golden bridge" will undoubtedly become more robust and intelligent, illuminating the path forward for more small and micro-sized entities striving in the market and injecting stronger financial momentum into high-quality economic development.
