The People's Bank of China and six other departments jointly issued a document mentioning their support for simplifying business processes using technological tools such as blockchain and artificial intelligence.
BlockBeats News, August 8th. The People's Bank of China, Ministry of Industry and Information Technology, National Development and Reform Commission, Ministry of Finance, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, and State Administration of Foreign Exchange jointly issued the "Guiding Opinions on Financial Support for New-Generation Industrialization." It was pointed out in the guidelines to strengthen the empowerment of digital finance, promote deep integration of the digital economy and the real economy. Support financial institutions in using technologies such as big data, blockchain, artificial intelligence, etc., to simplify business processes, and improve the efficiency of serving the manufacturing industry, especially small and medium-sized enterprises.
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