Xi'an, June 1 (Xinhua) - China will promote the standardized Development of the supply Chain finance, it will effectively expand the financing channels for micro, small and Medium enterprises and will guarantee more funds flow into the real economy, according to the Central Bank.

Wang Xin, head of the research office at the Popular Bank of China, said the country still faces. Some difficulties in the Development of the finances of the supply Chain.

The exchange of information has not yet been carried out between financial institutions, the main companies, government departments and third-party institutions, standardization and transparency. The financing of accounts receivable must be improved and the risks of fraudulent transactions still exist, Wang said at China's Forum Finance of China newly concluded.

In the next step, efforts must be made to improve the billing platform of the supply Chain. , Establish a credit mechanism and prevent the risks of the finances of the supply Chain, he said.

Chinese authorities issued a guide in September last year, presenting a dream of policy requirements and measures to regulate the Development and innovation of the Chain's finances of Supply, build support infrastructure, improve the policy support system and prevent risks. Enditem follow by China.org.cn on Twitter and Facebook to join the conversation. Download applications from ChinaNews

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