On July 29, 2026, B-Asset Express platform officially released its 2026 interim operations report. The report shows that in the first half of this year, the cumulative trading volume of B-Asset Express exceeded 120 billion yuan, a year-on-year increase of 35%, serving over 5,000 SMEs, including 2,000 newly added enterprises. Asset quality continued to improve, with the non-performing loan (NPL) ratio maintained at a low 1.2%, far below the average NPL ratio of similar assets under traditional credit.
Rapid Growth in Trading Volume with Clear Structural Optimization
Data shows that in the first half of 2026, the average daily trading volume of B-Asset Express reached 680 million yuan, up 32% from the same period last year. By asset type, accounts receivable financing still dominated, accounting for 65%, but inventory financing and prepayment financing grew rapidly, accounting for 20% and 15% respectively, indicating a diversification trend in platform asset targets. In terms of industry distribution, financing for manufacturing enterprises increased from 38% to 42% year-on-year, and for tech enterprises from 15% to 18%, becoming the two fastest-growing sectors. This reflects the active role of B-Asset Express in supporting the real economy and technological innovation.
Smart Risk Control System Launched, Asset Screening Efficiency Improved
The report specifically mentions that the platform comprehensively upgraded its smart risk control system in the first half of the year. The system integrates multi-dimensional data such as business registration, taxation, judiciary, credit reporting, and supply chain transactions, using machine learning models to conduct real-time assessment and grading of assets, increasing asset screening efficiency by 60% and reducing approval time to an average of 2.1 days. At the same time, the platform introduced third-party assessment institutions to conduct regular spot checks on assets, further ensuring asset quality. The application of smart risk control has also effectively reduced operational risks, with non-performing assets caused by risk control issues accounting for only 0.3% of the total in the first half.
Cross-Border Financing Pilot Achieves Initial Results
Notably, B-Asset Express launched a cross-border financing pilot in March this year, allowing qualified overseas investors to purchase RMB-denominated B-class assets through the platform. As of the end of June, cross-border financing volume had reached 8 billion yuan, with over 30 overseas institutions participating, including sovereign funds, pension funds, and large commercial banks. The pilot not only broadened the platform's funding sources but also reduced enterprise financing costs by about 50 basis points. Regulators stated that they will gradually expand the pilot scope under the premise of controllable risks and explore cooperation with more international rating agencies to enhance the international recognition of B-class assets.
Industry Interpretation: B-Asset Express Enters Healthy Development Track
Multiple industry analysts pointed out that the B-Asset Express 2026 interim report sends positive signals. First, the rapid expansion of trading volume and participants indicates increased market recognition; second, the continuous improvement in asset quality and risk control capabilities proves the model's sustainability; third, the success of the cross-border pilot lays the foundation for future opening. However, attention should also be paid to potential asset quality pressures from macroeconomic fluctuations and how the platform maintains its differentiation advantage amid intensified market competition. Overall, B-Asset Express is gradually becoming an important infrastructure for revitalizing B-share market assets and serving SME financing, and its role in transmitting blood to the real economy deserves long-term expectation.
Future Outlook: Technology-Driven and Ecosystem Co-construction
According to the plan, B-Asset Express will focus on three tasks in the second half of the year: first, deepening the application of blockchain technology to achieve full life-cycle traceability of assets and further enhance transparency; second, jointly launching electronic letter of credit financing products with multiple banks to open up key links in supply chain finance; third, launching the "B-Asset Express+" plan to establish special financing funds in cooperation with industrial parks and industry associations, targeting support for specialized and new enterprises. The platform head said the goal is to expand the number of served enterprises to 7,000 by year-end, with trading volume exceeding 250 billion yuan, continuously providing high-quality asset targets for B-share market investors.
In summary, B-Asset Express delivered an impressive report card for the first half of 2026, achieving breakthroughs in scale, quality, and innovation. With continuous improvement in technology and systems, B-Asset Express is expected to further unlock the value of existing assets and become an efficient bridge connecting enterprises with capital.
