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China Banking and Insurance Regulatory Commission Encourages the Use of Blockchain Technology to Develop Supply Chain Finance and Promote High-Quality Digital Finance
Summary: According to reports from sources, the China Banking and Insurance Regulatory Commission issued the 'Implementation Plan for High-Quality Development of Digital Finance in the Banking and Insurance Industry.' The plan aims to serve the development of advanced manufacturing by improving data collection, analysis, and application capabilities for manufacturing companies in production, transactions, warehousing, logistics, etc., ...
According to reports from sources, the China Banking and Insurance Regulatory Commission issued the 'Implementation Plan for High-Quality Development of Digital Finance in the Banking and Insurance Industry.' The plan aims to serve the development of advanced manufacturing by improving data collection, analysis, and application capabilities for manufacturing companies in production, transactions, warehousing, logistics, etc., using industrial internet and industry knowledge graphs. It also strengthens credit support for the digital transformation of manufacturing, standardizes the development of supply chain finance using technologies such as big data and blockchain, and actively meets the financing needs of upstream and downstream companies in the industrial chain. Additionally, it utilizes digital technology to provide insurance compensation services for the first major technical equipment, the first batch of new materials, etc., enhancing security risk prevention capabilities.
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Link: China Banking and Insurance Regulatory Commission Encourages the Use of Blockchain Technology to Develop Supply Chain Finance and Promote High-Quality Digital Finance [Copy]
