BEIJING, Feb. 13 (Xinhua) -- Shenzhen-based Linklogis and Standard Chartered have signed a memorandum of understanding to enhance the latter's supply chain financing proposition and deepen client relationships in China.
The strategic partnership reflects both parties' ongoing commitment to the sustainable growth of China's economy and support for its financial reform and innovation.
"We are delighted to partner with Linklogis and explore potential opportunities for the co-creation of innovative client offerings," said Simon Cooper, CEO of Corporate, Commercial and Institutional Banking at Standard Chartered.
Standard Chartered will leverage Linklogis' strengths as a digital blockchain-enabled supply chain financing platform to provide more distinct offerings for its global banking and commercial banking clients in China.
This provides large buyers with superior transparency on their entire chain of suppliers and offers small and medium-sized suppliers cheaper and privileged access to credit.
Since its inception in 2016, Linklogis has grown exponentially and is now one of China's largest business-to-business focused independent supply chain platforms.
"With the collaboration and partnership with Standard Chartered Bank, we're striving to build a revolutionary and innovative technological application that will solve the fundamental funding problems faced by small and medium-sized enterprises," said Charles Song, Chairman & CEO of Linklogis.