On May 23, 2025, the Yangtze River Delta (YRD) Commercial Factoring Industry Development Symposium, themed “Building Industry Reputation, Demonstrating Factoring Value”, was held in Wuxi, Jiangsu Province.
The event was hosted by the Yangtze River Delta Commercial Factoring Alliance and co-organized by the Jiangsu Commercial Factoring Association, the Shanghai Factoring Trade Association, and the Suzhou Factoring Association.
SY Information Technology Services (Shenzhen) Co., Ltd. (referred to as “SY Technology”), a fully-owned subsidiary of SY Holdings Group Limited (Stock Code: 6069.HK), was invited to attend the symposium.
The symposium aimed to deepen exchanges within the commercial factoring industry, focusing on serving the real economy and promoting healthy industry development. Nearly one hundred participants attended the event, including regulatory officials from Shanghai, Jiangsu, Anhui, and Wuxi, representatives from the Yangtze River Delta Commercial Factoring Alliance, and industry experts. Together, they explored new approaches for commercial factoring services to support high-quality development in industrial and supply chains.
01 Regional Collaboration for Industry Advancement
Mr. Cai Baoxiang, Chairman of the Yangtze River Delta Commercial Factoring Alliance and President of the Jiangsu Commercial Factoring Association delivered the opening speech. He stated that as a collaborative platform for industry exchange and cooperation, the Alliance would focus on five key tasks: continuing to organise advanced executive training programs, promoting international factoring services among member companies, driving industry research and standard-setting initiatives, leveraging mediation mechanisms to maximize the sector’s functional advantages, and enhancing regional coordination and synergies.
Mr. Wen Zaixing, former Inspector of the Market Order Department at the Ministry of Commerce and now specially appointed expert of Jiangsu Commercial Factoring Association attended and addressed the symposium. He elaborated on the necessity of developing the commercial factoring industry from three perspectives: historical context, current role, and prospects. With earnest expectations, he urged commercial factoring companies to remain true to their original aspiration of serving the real economy, emphasizing the importance of achieving high-quality development in the commercial factoring sector.
Mr. Chu Mingye, from Division I of Local Financial Regulation at the Jiangsu Provincial Financial Regulatory Bureau, delivered a keynote speech. He highlighted that commercial factoring, as a vital component of supply chain finance, plays a “lubricating” role in supporting the real economy and ensuring the smooth flow of industrial chains. He emphasised the importance of thoroughly implementing General Secretary Xi Jinping’s key directives on financial work and private enterprise development and called for fully leveraging the “4+2” functional model of commercial factoring. Mr. Chu urged companies to adopt sound operational, performance, and risk management principles, and to deliver high-quality financial services to small, medium, and micro-sized enterprises. He proposed building a unified, efficient, and compliant commercial factoring ecosystem that could serve as a national model. Mr. Wen Zaixing, former Inspector of the Department of Market Order at the Ministry of Commerce and a specially appointed expert with the Jiangsu Commercial Factoring Association, was also invited to speak. He underscored the necessity of developing the commercial factoring industry from historical, practical, and future-oriented perspectives, and encouraged companies to stay true to their original mission of serving the real economy while striving for high-quality industry development.
02 Technology Empowerment: Innovation-Driven Development
During the keynote speech session, Lin Siming, Executive Director of the Factoring Dispute Mediation Office at the Jiangsu Commercial Factoring Association, delivered an in-depth analysis of the core principles and practical applications of bad debt guarantees, offering new insights for industry risk management.
Chen Xi, General Manager of SY Technology’s Asset Management Department, shared insights under the theme ‘Sharing • Integration • Co-Development.’ He stressed that amid a volatile external environment and internal demands for high-quality growth, tech empowerment, industrial synergy, resource complementarity, risk-sharing, and mutual benefits have evolved from mere efficiency boosters to critical pillars for long-term resilience and expansion. SY’s platform strategy leverages technology to bridge industrial ecosystems, helping SMEs secure orders and financing while offering customized capital-matching services. To date, the company has system-integrated with 10+ core enterprises, partnered with 160+ funding providers, and facilitated RMB 260 billion in order/capital solutions for 19,000 SMEs—forging a proven track record in collaborative success.
Chen Xi emphasised that the commercial factoring industry remains committed to its founding purpose of serving the real economy, continuously deepening collaboration with upstream and downstream supply chain partners to provide timely, robust support for SMEs—thereby promoting stability, efficiency, and upgrading across industrial and supply chains. Previously, several factoring firms have partnered with SY to pioneer collaborative models including: leveraging mature tech systems and risk control models to reduce upfront R&D costs; establishing premium asset referral mechanisms to drive steady business/revenue growth; and utilising asset securitization services to successfully launch innovative ABS products, enhancing capital market capabilities. SY aims to leverage this symposium as a springboard to unite more industry players in sharing strategic resources—industrial expertise, technology, risk management, client networks, funding channels, and shareholder synergies—creating formidable collective momentum to expand industry scale while achieving both economic and social value.
03 Industry Leaders Forge Consensus with Landmark Commitment Signing
At the event, the conference featured a dedicated case study session where representatives from leading commercial factoring firms—including Sinochem Factoring (Shanghai), Xingtai Factoring (Anhui), XCMG Factoring (Jiangsu), and Guofu Factoring (Ningbo)—presented real-world examples that vividly illustrated the sector’s practical achievements and innovative models in serving the real economy.
在专题讨论环节，与会代表围绕“新形势下保理支持应收账款压降的有效路径”展开深入交流。与会专家就中小企业服务、国际业务拓展等议题建言献策。会议最后，全体参会代表共同签署了《长三角商业保理联盟行业发展承诺书》，标志着区域行业协作迈入新阶段。
此次座谈会的成功举办，是深入贯彻落实长三角一体化发展战略的具体实践，标志着长三角商业保理行业迈入共商共建共享的新阶段。与会代表一致表示，将以此次会议为契机，进一步加强区域协作，共同构建长三角商业保理行业绿色生态圈，推动商业保理行业规范健康发展，切实提升服务实体经济质效，为长三角一体化高质量发展注入更多商业保理力量。
Looking ahead, SY will double down on its platform strategy—ramping up R&D, forging stronger industry connections, and deepening partnerships with commercial factoring players. SY will propel the sector toward sustainable growth while delivering tangible value to SMEs: more orders, faster turnover, and healthier profits across supply chains.
