People's Data's "ShuRong Platform" Officially Launches Trial Operation, Aiming to Solve Financing Challenges for SMEs

People's Data's "ShuRong Platform" Officially Launches Trial Operation, Aiming to Solve Financing Challenges for SMEsOn December 28, 2024, the 2024 People's Finance Forum, hosted by People's Daily Online, was grandly held at the People's Daily New Media Building. At the forum, the highly anticipated "ShuRong Platform" officially launched its trial operation, marking a crucial step for People's Data in serving the real economy, particularly in addressing the financing difficulties faced by small and micro enterprises (SMEs)

People's Data's "ShuRong Platform" Officially Launches Trial Operation, Aiming to Solve Financing Challenges for SMEs

On December 28, 2024, the 2024 People's Finance Forum, hosted by People's Daily Online, was grandly held at the People's Daily New Media Building. At the forum, the highly anticipated "ShuRong Platform" officially launched its trial operation, marking a crucial step for People's Data in serving the real economy, particularly in addressing the financing difficulties faced by small and micro enterprises (SMEs). Independently developed by People's Data, the "ShuRong Platform" leverages advanced blockchain technology, artificial intelligence (AI), and extensive enterprise operational data to build a convenient, secure, and efficient bridge between financial institutions and SMEs.

For a long time, SMEs have been plagued by difficulties in obtaining financing slow processes, high costs, and limited access. Information asymmetry is a primary cause. Traditional financial institutions struggle to comprehensively and accurately understand the operational and asset status of SMEs, leading to significant hurdles in credit assessment. This prevents many SMEs with growth potential from accessing necessary funding, hindering their development.

The trial operation of the "ShuRong Platform" directly addresses this challenge. Its core strength lies in its powerful data integration and analysis capabilities. Blockchain technology ensures the transparency and immutability of on-chain information, enabling end-to-end tracking and real-time monitoring of enterprise operational data. This not only eliminates information asymmetry but also provides financial institutions with more reliable risk assessment data.

Furthermore, the application of AI technology significantly enhances the platform's data processing and analysis efficiency. The platform can conduct in-depth mining and analysis of massive datasets, tracking real-time, first-hand risk management data for enterprises and providing early warnings of potential risks. This helps financial institutions effectively control risk and reduce service costs. Through the "ShuRong Platform," financial institutions can more clearly "understand, grasp, manage, and trust" the operational information and underlying assets of SMEs, enabling more accurate risk assessment and improved lending efficiency.

The successful launch of the "ShuRong Platform" provides financial institutions with more reliable risk management tools and SMEs with more convenient financing channels. The platform allows SMEs to more easily obtain credit support from financial institutions, addressing the challenges of access, speed, and cost, thereby promoting their healthy development.

The trial operation will continuously accumulate experience and will be continuously refined and upgraded based on market demand and technological advancements. People's Data will continue to monitor user feedback, actively improve platform functions, and strive to provide SMEs with more efficient and high-quality financial services.

The significance of the "ShuRong Platform" extends beyond technological innovation; it embodies the principles of inclusive finance. By leveraging technology to lower the barriers to financial services and improve efficiency, the ultimate goal is to enable more SMEs to access fair, convenient, and efficient financial services, injecting new vitality into economic development.

People's Data consistently adheres to empowering the real economy with technology and is committed to driving fintech innovation to serve national strategies. In the future, People's Data will continue to develop more innovative technologies and products to contribute more to solving the financing problems of SMEs and provide strong support for the high-quality development of the Chinese economy.

The trial operation of the "ShuRong Platform" represents another significant achievement for People's Data in the fintech field and marks a solid step forward in China's inclusive finance development. In the future, as the platform is continuously improved and promoted, more SMEs will benefit from technological advancements, gaining more opportunities for development and contributing more to national economic development. The "ShuRong Platform" is expected to become a crucial link connecting financial institutions and SMEs, effectively promoting the rational allocation and efficient utilization of financial resources, ultimately achieving sustainable socio-economic development. The successful launch also provides valuable experience and reference for other fintech companies, driving the industry towards greater standardization, professionalism, and intelligence.

The launch of People's Data's "ShuRong Platform" is not only a technological breakthrough but also a significant demonstration of service to national strategy. It will provide tangible assistance to SMEs and contribute to the sustained and healthy development of the Chinese economy. In the future, People's Data will continue to leverage its strengths, continuously innovate, and contribute more to the development of inclusive finance.