"Panda Chain", one-stop supply chain financial service platform,is received successfully the first order from Bank of Communications Co., Ltd., Shanghai Branch in China
发布时间: 2021-11-04

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  On October 29, "Panda Chain", the supply chain financial service platform of COSCO SHIPPING Development Co., Ltd., and Bank of Communications Co., Ltd. Shanghai Branch successfully made the first deal on the platform for banking financing business. Bank of Communications Shanghai Branch became the first bank in China to cooperate with the "Panda Chain" platform and realize lending, providing financing services for industrial chain customers on the platform.

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  The "Panda Chain" platform is an intelligent and digital supply chain financial platform self-developed by COSCO SHIPPING Development to realize the digitization of financial assets based on block-chain and other financial technologies by integrating multiple financial qualifications in the system. Relying on the trading scenarios of the shipping logistics industry chain of COSCO SHIPPING Group, the platform has integrated customers, assets and financial resources, so as to realize the traceability of the whole process of related trade, serve the upstream and downstream parties in the industry chain, reduce the financing cost of customers in the industry chain, enhance convenience, and create the development vision of financial service ecology in the integrated supply chain.

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  This cooperation marks a key step for the platform of Panda Chain to introduce external investors and realize the ecology of the platform, and also represents an important milestone to enhance the comprehensive service capacity of the platform. Bank of Communications is a key partner of COSCO SHIPPING Development. The implementation of this business cooperation also demonstrated that the cooperation of both parties has entered into a fast development way. In the future, Panda Chain and Bank of Communications will further deepen the cooperation. With the technology capabilities of the platform, both parties will further innovate and expand the online supply chain financial business, build up the industrial and financial ecology well and thus support the high-quality development of industry chain economy for principal businesses.

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Cosco Shipping Development Co. Ltd. published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 06:50:07 UTC.