Beijing pilots in cross-border financial service on blockchain in 2019: central bank report

The Central Bank’s Beijing Business Management Department released the “Beijing Financial Operation Report (2020)”. In 2019, Beijing’s financial operations have been generally stable, and the region’s monetary credit has maintained rapid growth.

The Central Bank’s Beijing Business Management Department released the “Beijing Financial Operation Report (2020)”.

In 2019, Beijing’s financial operations have been generally stable, and the region’s monetary credit has maintained rapid growth.

The pilot project of financial technology supervision in Beijing has been carried out smoothly, and the expansion of financial opening-up has been steadily advanced.

Beijing is the first nationwide pilot of fintech innovation supervision with 46 fintech application projects, ranking first in the number of pilot cities.

Beijing should take the lead in exploring the application of artificial intelligence in the field of foreign exchange management, and launch a pilot of a cross-border financial blockchain service platform.

Beijing should take the lead in implementing the policy of centralized management of overseas foreign exchange funds and cross-border RMB settlement facilitation for foreign contracted projects.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/30/beijing-pilots-in-cross-border-financial-service-on-blockchain-in-2019-central-bank-report/.

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