The central bank and seven other departments have issued a document supporting the empowerment of finance with technologies such as blockchain

On August 8th, the central bank and seven other departments jointly issued the "Guiding Opinions on Financial Support for New Industrialization", proposing to strengthen the empowerment of digital finance and promote the integration of the digital economy and the real economy. The document supports financial institutions to use technologies such as blockchain and artificial intelligence to simplify business processes and improve service efficiency for the manufacturing industry, especially for small and medium-sized enterprises.