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Caixin: RMB 3 Trillion Accounts Receivable Electronic Voucher Reform, Exploration of 'Decoupling' with Blockchain Technology Still Awaiting Breakthrough

Summary: According to Caixin, as of November 30, 2025, a total of 217 supply chain information service agencies have registered basic information with the China Internet Finance Association. It is reported that the total stock of accounts receivable vouchers issued by relevant institutions is close to RMB 3 trillion. For banks and other financial institutions, how ...

According to Caixin, as of November 30, 2025, a total of 217 supply chain information service agencies have registered basic information with the China Internet Finance Association. It is reported that the total stock of accounts receivable vouchers issued by relevant institutions is close to RMB 3 trillion. For banks and other financial institutions, how to explore 'decoupling' financing still awaits breakthrough. 'Decoupling' refers to financial institutions breaking away from excessive reliance on the credit of core enterprises, using digital technologies such as big data, blockchain, etc., with real data such as enterprise transaction records, orders, logistics, fund flows as the basis for credit assessment, providing financing services for small and medium-sized enterprises on the chain.

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