Recently, Fijian Industrial Bank's Sanming Branch leveraged the Head Office's "RongE Ju" digital platform to successfully launch the province's first 3C electronic recycled resources reverse invoicing business for the Sanming 3C Circular Economy Industrial Park project.

The 3C electronic recycled resources reverse invoicing platform officially went online in mid-May 2026. Since the project went live, overall operations have been running smoothly. By the end of June, seven enterprises had settled in the Sanming 3C Circular Economy Industrial Park, three enterprises had successfully completed online transactions, and the monthly reverse invoicing amount had exceeded RMB 1.38 million. As more enterprises move in, the platform's overall transaction volume in 2026 is expected to surpass RMB 100 million, indicating strong industrial development potential.

For a long time, difficulties in invoicing and supervision have been key bottlenecks restricting the standardized and scaled development of the 3C digital recycling resources industry. As the core carrier for the upgrading of the local circular economy industry, the Sanming 3C Circular Economy Industrial Park has faced this same challenge. In response, the Industrial Bank Sanming Branch has taken the initiative to provide services, accurately identify enterprise operating pain points, establish a specialized service mechanism with both internal and external coordination, and provide enterprises with tailored digital financial service solutions through on-site visits, research, and one-on-one precise engagement.

Relying on the digital capability of "payment-based invoicing," this reverse invoicing function has successfully broken through the bottlenecks of full-chain invoicing for 3C electronic digital products. For enterprises, this function greatly simplifies the traditional invoicing process, effectively safeguarding the legal rights and interests of upstream and downstream parties, and promoting both operational compliance and improved business processing efficiency. For tax supervision, the platform is deeply integrated with the "Leqiye" platform of the fourth phase of the tax and finance system, enabling the effective implementation of smart tax supervision and further improving the supervision system for the recycled resources industry.

Based on sufficient preliminary research and demonstration, the 3C electronic recycled resources reverse invoicing platform officially went online in mid-May 2026. The professional team of Industrial Bank Sanming Branch provided full-process follow-up and dedicated guidance, successfully completing the on-the-ground implementation of the province's first reverse invoicing business process and ensuring the stable operation of the innovative business.

Since the project went live, overall operations have been running smoothly. By the end of June, seven enterprises had settled in the park, three enterprises had successfully completed online transactions, and the monthly reverse invoicing amount had exceeded RMB 1.38 million. As more enterprises move in, the platform's overall transaction volume in 2026 is expected to surpass RMB 100 million, indicating strong industrial development potential.

This innovative practice has also received close attention from the local government. Leaders of Sanming City visited the 3C Circular Economy Industrial Park for research and guidance, and fully affirmed the achievements of the bank-enterprise innovation cooperation. As a vivid practice of Industrial Bank Sanming Branch's active response to the national strategy of large-scale equipment renewal and consumer goods trade-in, this business implementation is also an important measure to deepen bank-tax coordination and integrate into the broader pattern of local economic development.

Next, Industrial Bank Sanming Branch will continue to deeply cultivate the real economy, focus on local development needs, rely on financial technology innovation service scenarios, precisely address pain points and difficult points in industrial development, and use efficient financial services to help local circular economy industries upgrade and transform, achieving a mutual improvement of financial value and social value in serving high-quality local development.