Summary On the morning of September 22, in Shenzhen, under a drizzling autumn rain, the 3rd China Logistics Finance Innovation Summit Forum officially opened. As a high-end industry event, the forum, themed 'New Models, New Finance, New Technology,' focused on the current state of logistics finance development during a period of transformation, exploring the innovative integration of logistics and finance under the Internet+ wave. Special guest Ms. Xie Fang, CFO of GLP Group and Chairman and CEO of GLP Finance, attended the summit and delivered a keynote speech on the innovation path of logistics real estate finance. Since 2016, the pace of national financial reform has accelerated. Important documents such as 'Several Opinions on Financial Support for Industrial Stability, Structural Adjustment, and Efficiency Improvement' have emphasized that a key direction of financial reform is to 'shift from virtual to real.' On August 17, 2017, the State Council again issued the 'Opinions on Further Promoting Logistics Cost Reduction and Efficiency Enhancement to Boost the Real Economy,' proposing to expand financing channels for logistics enterprises and encouraging financial institutions to develop supply chain financial products and financing service solutions that support the logistics industry. We know that logistics is a bridge between industry and finance, providing a strong risk control handle for financial institutions to serve the real economy. From another perspective, the cost reduction and efficiency improvement of the logistics industry also cannot be separated from financial support. So how can financial services empower the logistics sector? This has become an important topic in today's society! Against this backdrop, GLP Finance was born with an important mission. According to estimates by the Financial Business Committee of the China Federation of Logistics & Purchasing, the logistics industry has an annual financing demand of 600 billion yuan for freight advance payments alone, but less than 5% of this is obtained through bank loans. The development difficulties of SMEs, such as incomplete financial statements, result in high financing demand but also high difficulty and cost. Addressing these pain points, GLP Finance leverages its industrial advantages to provide answers and solutions that satisfy the industry. In her keynote speech, Ms. Xie Fang mentioned the concept of 'supply chain big data finance' pioneered by GLP Finance: 'We are different from traditional financial institutions, and also different from fintech and tech-finance. GLP Finance is more about providing supply chain services based on the ecosystem enterprises, forming differentiated advantages and competitive barriers.' 'With GLP's warehousing and logistics resources, using commercial flow data and logistics control as the financial business handle, we develop big data credit and risk control models. This is one of our core capabilities, empowering SMEs to achieve large-scale, low-cost, fast lending and effective risk control.' In her speech, Ms. Xie Fang also shared the 'two Fs' characteristic of GLP Finance: 'We not only continue the real estate business—with its excellent genes of heavy assets, heavy operations, and expertise in fund planning and financing operations—but GLP Finance also extends a more Internet-oriented platform thinking and win-win spirit. So, you can see that Best, SF, Zhuozhi, etc. are all our customers.' According to the latest internal financial data, since its official establishment in August 2016, GLP Finance has served over 1,000 customers, with cumulative lending of 2.4 billion yuan. These remarkable achievements are not unrelated to the business landscape built in just one year, including Internet micro-loans, covering the entire industry chain: 'We have truly achieved full industry chain penetration services. For equipment, there is financial leasing; for transportation capacity, there is freight factoring; for trade, we can act as procurement agents. For example, our client, Kahang Tianxia. For their large fleet business, we provide financial leasing services, and around Kahang's customers, we have also customized Internet micro-loan products. So, we like to call ourselves financial wholesalers.' At the end of her speech, Xie Fang expressed gratitude to the organizers and extended an olive branch: 'Cooperating with platforms, empowering SMEs, and sharing benefits is our unchanging original intention. Once again, thank the conference for the invitation, and we look forward to mutual benefit and win-win with all guests and enterprises.' -END-