On May 28, 2021, the 2021 Account Receivables Financing Service Platform Promotion Work Conference was held in Wuxi. Zhang Zihong, Director General of the Credit Reference Center, the People’s Bank of China (“CCRC”) attended the meeting and delivered a speech. Wen Shan’en, Inspector of Nanjing Branch of the People’s Bank of China addressed the meeting. The Conference was attended by a total of 96 representatives from Monetary Policy Department, Financial Market Department and Credit Information System Bureau of the People’s Bank of China, CCRC, Sub-centers of CCRC and CRC (TIANJIN) Movables Interest Registry.

Director-General Zhang Zihong made an in-depth analysis on the new situation and new tasks faced by the current movable financing service, and made work requirements for the next step to achieve high-quality development. The Conference summarized the positive results achieved by the Account Receivables Financing Service Platform and the Unified Movable Financing Registry System in 2020 in financially supporting enterprise and employment and promoting the development of MSMEs., and arraged the work in 2021. Seven sub-centers in Jiangsu, Guangdong, Hubei, Guizhou, Tianjin, Zhejiang and Jiangxi shared and exchanged experience in developing movable financing services in their jurisdictions.

The movable financing service involves the vital interests of enterprises and the people. In order to meet the requirements of the People’s Bank of China and the Party Committee of CCRC on leaning the Party’s history, and to carry out the campaign to bring concrete benefits for the people, a discussion was held on high-quality development of movable financing. Representatives from various sub-centers fully exchanged views on the difficulties in the work promotion and the problems encountered by users while using the service, and actively offered suggestions for the next step development.

The Conference required all sub-centers to base themselves on the new development stage of movable financing, strengthen confidence, work hard, and actively form a brand of movable financing service with Chinese characteristics.