PANews reported on April 21 that the People's Bank of China, the Financial Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People's Government jointly issued the "Shanghai International Financial Center Further Enhance the Facilitation of Cross-border Financial Services Action Plan". The plan points out: Support financial institutions to use blockchain technology to optimize the authenticity review of customers' electronic documents and electronic information materials, improve the ability of "precise portrait", and improve the quality of cross-border financial services for "going out" enterprises. Strengthen the construction of CIPS, improve system functions, study and promote the application of blockchain technology, and provide safe and efficient settlement and clearing services for global trade, shipping and investment and financing denominated in RMB. Use blockchain technology to standardize the development of supply chain finance: give full play to the role of key industrial chain chain leaders, and through blockchain, big data and other technologies, realize the chain of information on key links such as orders, logistics, and warehousing, carry out carbon footprint certification pilots, gradually build a green and low-carbon supply chain system, implement differentiated credit management of supply chain finance, improve the supply chain financial product system, standardize the development of accounts receivable, order financing, warehouse receipts and inventory pledges and other financing products, and increase credit support for upstream and downstream enterprises in the industrial chain.
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