Ningbo City: Using Blockchain Technology to Improve the Import and Export Financing Convenience of Foreign Trade Small and Micro Enterprises

According to China Ningbo News, on July 26, the People’s Bank of China’s Ningbo City Center Branch, together with the Municipal Finance Office, the Municipal Economic and Information Bureau and the Municipal Federation of Industry and Commerce, jointly held the 2019 financial support private, small and micro enterprise promotion meeting and cross-border RMB business. Tenth Anniversary Policy Presentation. It is reported that Ningbo City uses blockchain technology to improve the import and export financing convenience of foreign trade small and micro enterprises. Banks can conduct customs declarations online and support enterprises to handle trade finance business. In the past week, they have handled 96 financing businesses for 51 enterprises. $ 16.77 million.