Abstract
Banks play a leading role in the development of supply-chain finance in western countries. In contrast, China’s logistics financial service is mainly a kind of value-added lending service out of convenience, and mostly set up on the basis of logistics service. Such type of logistics financial service provided for industrial and commercial enterprises by logistics enterprises in collaboration with financial institutions is an integration of logistics service and financial service. In recent years, more and more Chinese logistics enterprises have engaged in logistics financial service, so logistics financial service has become an emerging business field of China’s logistics industry.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
2012 Annual Report of China Banking Regulatory Commission, China Banking Regulatory Commission, 2013-05-24. http://www.cbrc.gov.cn/chinese/home/docView/18492CCBDD04435A8BFAB3FF6F2CA51C.html.
- 2.
Finance-transportation and warehouse (FTW) is the integration and unified management of finance, materials circulation and warehouse and is a kind of business innovation comprehensively coordinating logistics, information flow and capital flow.
- 3.
CMST Development Co., Ltd. http://finance.sina.com.cn/stock/t/20120330/053511717507.shtml/2012.
- 4.
The pledge by warehouse receipts is a way of using the warehouse receipts as subject for financing guarantee; it is an important means for enterprises to acquire financing from banks and also a value-added service of the warehouse enterprises.
- 5.
The supervision in transit is a financing method that industrial and commercial enterprises leverage the logistics information and supervision of logistics enterprises to obtain short-term credit for goods in transit.
- 6.
The pledge of liquid assets refers to the assets not for possession transfer but for debt fulfillment guarantee by the debtor or the third-party person; the creditor has the right to sell the assets at the current rate and be paid in priority, in case the debtor fails to fulfill the obligations.
- 7.
“Why can YH Global Logistics fly against the wind?” Phoenix Finance. http://finance.ifeng.com/roll/20120925/7079928.shtml/2012.
- 8.
Now renamed as Ping An Bank.
- 9.
“Logistics Financing is Growing Rampantly,” China’s logistics and purchasing network.
http://www.chinawuliu.com.cn/zixun/201205/25/182957.shtml/2012.
Reference
State Administration for Industry and Commerce of China (2012) Playing functional role of industry and commerce to promote standardized and sound development of small and medium-sized enterprises. http://www.saic.gov.cn/
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2014 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Liu, J. (2014). Development of China’s Logistics Financial Service. In: Liu, Bl., Lee, Sj., Wang, L., Xu, Y., Li, X. (eds) Contemporary Logistics in China. Current Chinese Economic Report Series. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-55282-3_10
Download citation
DOI: https://doi.org/10.1007/978-3-642-55282-3_10
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-55281-6
Online ISBN: 978-3-642-55282-3
eBook Packages: Business and EconomicsBusiness and Management (R0)