Shanghai Financial Regulatory Bureau Promotes the Application of Big Data and Blockchain in Supply Chain Finance

The Shanghai Financial Regulatory Bureau has issued a document titled "Several Measures to Promote the High-Quality Development of Digital Finance in Shanghai's Banking and Insurance Industries," proposing the steady expansion of supply chain financial services using technologies such as big data and blockchain. The measures regulate the development of products such as accounts receivable financing, supply chain bill financing, warehouse receipt pledge financing, and order financing, while also deepening the insurance service layout for advanced manufacturing industries to enhance comprehensive risk protection capabilities.

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