On August 5, 2026, B-class Asset Express announced a major innovation—the official launch of its supply chain bill pool financing service. Based on core enterprises' accounts payable, this product enables multi-level splitting and circulation of standardized bills, extending credit to the end of the industrial chain and opening up a new, efficient, and low-cost financing channel for SMEs. This move not only marks B-class Asset Express's deep layout in the supply chain finance sector but also injects new vitality into the industrial ecosystem of B-share market related core enterprises.
Directly Addressing Pain Points: A New Solution to SME Financing Difficulties
For a long time, SMEs in the supply chain have been constrained by bottlenecks such as weak credit qualifications and insufficient collateral, making it difficult to obtain low-cost financing in the traditional banking system. Meanwhile, although core enterprises have superior credit, their accounts payable often remain dormant on the books, unable to be effectively converted into liquidity in the industrial chain. The supply chain bill pool launched by B-class Asset Express this time is precisely aimed at addressing this structural contradiction.
Specifically, core enterprises can issue standardized electronic bills on the platform for their accounts payable to multiple suppliers, and split and circulate them according to actual trade relationships. After receiving the bills, upstream suppliers can continue to pay to their upstream suppliers or choose to hold them until maturity or pledge them for financing online. Since the bills are backed by the credit of the core enterprise, small and medium suppliers can obtain funds with costs close to those of the core enterprise without additional collateral.
Three Core Highlights
- Multi-level Circulation, Credit Penetration: Bills can be split into any amount, supporting multi-level circulation, with credit transferring along with the bills, allowing end micro-enterprises to enjoy the credit benefits of core enterprises.
- Smart Contracts, T+0 Settlement: Based on digital RMB smart contract technology, the entire process from financing application, review, to disbursement is automated, improving the fund arrival time from traditional T+1 to T+0, significantly increasing capital turnover speed.
- Risk Isolation, Compliance and Security: The platform cross-verifies the trade background for each transaction, with all bills being evidenced on the blockchain, preventing false trade and duplicate financing, and ensuring complete traceability of fund flows.
Industry Impact: Supply Chain Transformation from "Blood Transfusion" to "Blood Production"
This product is not just a simple financing tool but an upgrade in supply chain management. For core enterprises, digitizing accounts payable through the bill pool not only optimizes their asset-liability structure but also enhances supplier stickiness, building a stable and efficient supply chain ecosystem. For SMEs, it means financing channels shifting from private lending or high-cost factoring to standardized, low-interest bill financing, with financial costs expected to decrease by 2 to 3 percentage points.
Taking a typical export-oriented manufacturing enterprise in the B-share market as an example, its upstream involves numerous component suppliers. With the help of B-class Asset Express's bill pool, the core enterprise can convert accounts payable with a 60-day payment period into negotiable bills, allowing suppliers to obtain liquidity on the same day and avoid production stagnation caused by payment periods. This supply chain synergy will directly improve the operational efficiency and profitability of core enterprises, which in turn will be reflected in B-share valuations.
Expert Voices: A New Model of Financial Technology Empowering the Real Economy
Several supply chain finance experts believe that B-class Asset Express's innovation this time is a model of the integration of digital finance and the real economy. Professor Wang Heng from the Financial Technology Research Institute at Renmin University of China stated: "The supply chain bill pool unleashes the credit potential of core enterprises. Through the combination of blockchain and digital RMB, it solves pain points such as the inability to split traditional bills and low circulation efficiency, making it one of the most effective tools currently available to solve SME financing difficulties."
According to the first-day operation data disclosed by the platform, more than 200 core enterprises and 3,000 SME suppliers have connected, with the first-day financing scale exceeding 1.5 billion yuan. The average financing interest rate is 1.8 percentage points lower than the market level. It is expected that by the end of 2026, this service will cover 100 key industrial chains, driving related industrial chain financing to exceed 30 billion yuan.
B-share Perspective: A New Anchor for Blue-chip Value Discovery
For B-share investors, this innovation has more profound significance. The B-share market gathers many blue-chip enterprises in manufacturing, energy, consumption and other fields, which are natural core enterprises for the supply chain bill pool. When the financing costs of these enterprises' suppliers decrease and supply chain stability strengthens, the days payable outstanding in their statements will shorten, cash flow will become more stable, and the predictability of profit growth will significantly improve.
Some analysts point out that the new supply chain financial infrastructure built by B-class Asset Express will help enhance the B-share market's attractiveness to long-term capital. "Investors are increasingly focusing on enterprises' industrial chain position and capital efficiency, and the bill pool precisely amplifies these advantages of core enterprises," said a private equity fund manager. "In the future, the valuation system for B-share blue chips will shift from simply looking at PE and PB to simultaneously evaluating the health of their supply chain financial ecosystem."
Outlook: From Bill Pool to Asset Digitalization Ecosystem
B-class Asset Express revealed that the supply chain bill pool is just the beginning. Next, the platform plans to connect asset securitization, commercial factoring, order financing and other products with the bill pool to build a full-scenario asset digitalization service closed loop. At the same time, it is exploring connections with the Shanghai Bill Exchange and the Cross-border Interbank Payment and Clearing System to promote the cross-border use of the bill pool, helping foreign trade enterprises develop better.
It can be foreseen that with the popularization of supply chain bill pools, B-class Asset Express will not only be a financing platform but also a core node in the reconstruction of industrial chain value. For SMEs, it is timely rain; for core enterprises, it is an accelerator; for the B-share market, it may be a new coordinate system for value discovery.
