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Seven Chinese Departments Jointly Issue Document to Encourage Financial Institutions to Simplify Business Processes Using Blockchain Technology
Summary: In a recent announcement, the People's Bank of China, the Ministry of Industry and Information Technology, and five other departments jointly released the "Guiding Opinions on Financial Support for New Industrialization," encouraging financial institutions to utilize technologies such as blockchain, big data, and artificial intelligence to streamline business procedures and enhance efficiency in serving the ...
In a recent announcement, the People's Bank of China, the Ministry of Industry and Information Technology, and five other departments jointly released the "Guiding Opinions on Financial Support for New Industrialization," encouraging financial institutions to utilize technologies such as blockchain, big data, and artificial intelligence to streamline business procedures and enhance efficiency in serving the manufacturing industry, especially small and medium-sized enterprises. The opinions support the construction of digital infrastructure such as 5G and industrial internet, broaden financing channels, promote banks to establish digital industrial financial service platforms, provide 'one-stop' financial services, and optimize the accessibility of financing for small and micro-enterprises.
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Link: Seven Chinese Departments Jointly Issue Document to Encourage Financial Institutions to Simplify Business Processes Using Blockchain Technology [Copy]
