What is the vernacular of BOC Yirongxin?
Online supply chain financing products. RongYixin product is an online supply chain financing product officially released by Bank of China Head Office on March 1. It is a full-line, platform-based and batch supply chain financing product, which can meet the objective needs of upstream small and medium-sized enterprises such as online financing, systematic management of accounts receivable and promotion of credit guarantee, help enterprises reduce costs and increase efficiency, and enhance market competitiveness.