ChainFinance for Tea Industry: Operation Models, Barriers Encountered, and ProposedStrategies from a New Perspective

Crucial to county economy, the tea industryplays a pivotal role in the rural revitalization, farmer’s income generation,and local resident’s living standard improvement. However, without a functionalmechanism to integrate into the chain finance in the nation, the tea industrylacked a ready access to the proper venues for its financial needs. In thepast, some banking institutions made attempts using government-led, bank-led,or bank-business-cooperative operation models to establish the links for theindustry. But those approaches were managed largely in the traditional patternsand failed to effectively support the development of the business. This articlepresents a 3-dimensional strategy from the perspectives of business linkestablishment, innovative financing, and digitized management as food forthought for today’s tea industry.