Shanghai Financial Regulatory Bureau: Utilizing big data and blockchain to expand supply chain finance

The Shanghai Financial Regulatory Bureau issued "Several Measures to Promote the High-Quality Development of Digital Finance in Shanghai's Banking and Insurance Industries," proposing to steadily expand supply chain financial services using technologies such as big data and blockchain.

The measures propose to standardize the development of accounts receivable financing, supply chain bill financing, warehouse receipt pledge financing, order financing, and other products, while continuously deepening the insurance service layout for advanced manufacturing, enhancing comprehensive risk protection capabilities.