Previously, the 2023 (first) National Integration Congress was published, and the national integration platform for financing business has broken over $50 billion. Combination as a platform for hot spots raises a wide range of social concerns.

Integration is the strategic orientation of the State to strengthen the financial services entity economy, and an innovative work is being carried out by the Ministry of Works and Co-finance, among others, to promote the development of institutional mechanisms for effective financial support for the real economy. In order to effectively improve the economic quality of financial services entities, platforms for integration as important vehicles for integration.

Building bridges of financial and industrial information is one of the main functions of integration platforms. On the one hand, integration platforms can serve as a vehicle for policy information dissemination and public service promotion, enabling enterprise development; on the other hand, integration platforms enable efficient collection, storage, analysis of data information, integration of data assets in the industrial chain supply chain and continuous upgrading of business production capacity. For example, a platform for national product integration has been used as a platform for cross-border data on a range of industrial chains, such as government services, financial finance, through which financial institutions “are able to see what business masters are” and help-quality enterprises can easily match to the most appropriate financing programmes.

A platform for integration can create “credit archives” for enterprises and assist enterprises in addressing financing challenges. On the one hand, a platform for integration can integrate credit-related information at the disposal of administrative authorities as well as public business units on the basis of the central bank’s mainstream channel of solicitation, develop a credit rating system to assist sound business enterprises in obtaining recognition and effective placement in financial institutions, and, on the other hand, a platform for integration can generate credit ratings through a large data analysis of real orders, and a joint third-party financial institution provides supply chain financial services to high-quality enterprises. For example, the Southern Province Financial Services Shared Platform, which identifies business-related information, such as business production data, process data generated by the supply chain, through smart models, for business-assisted decision-making, based on different industrial chain types.

Productive integration platforms can focus on niche areas and provide sophisticated financial supplies to enterprises in different industries or stages of development, mainly in three areas. The first is the development of a set of supportive platforms that focus on policy areas, such as national product integration platforms, etc.; the development of integrated platforms based on regional resource endowments, such as the Nanjing-West digitized Productive Synergy platform; and the generation of operational platforms that focus on the breakdown of service delivery in professional areas, such as several think tank platforms.

“The platform for integration is a corollary of the industrial Internet.” Liu Daqun, Deputy Director of the Financial Science and Technology Department of the China Institute of Information and Communications Technology, expressed the view that, in the future, the healthy development of integration platforms would explore the development of the digitization platform standard system, promote national and regional integration platforms for interconnectivity, business-sharing and resource sharing, deepen open sharing mechanisms and create a sound ecology of data applications.

Combination as a platform enables the building of silver bridges and the promotion of productive integration. The emergence of platforms for integration of all types of production will further stimulate the digitization of traditional industries and help accelerate the construction of modern industrial systems.