Express

China’s Central Bank Proposes A Blockchain-Based Trade-Finance Platform

Ramsey Baker

Summary: The People’s Bank of China along with a number of governing entities have come together to propose the development of a blockchain-based trade finance platform. The contributors also included the China Banking Regulatory Commission, China Securities Regulatory Commission and the Foreign Exchange Bureau. The document contains the opinions of all four organizations on the best ...

The People’s Bank of China along with a number of governing entities have come together to propose the development of a blockchain-based trade finance platform.

The contributors also included the China Banking Regulatory Commission, China Securities Regulatory Commission and the Foreign Exchange Bureau. The document contains the opinions of all four organizations on the best way to finance the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, with an emphasis on global trade and finance.

By Ramsey Baker

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