Chongqing encourages commercial banks to use information technology such as blockchain to provide online loan channels

According to People's Daily News, recently, the General Office of the Chongqing Municipal Committee of the Communist Party of China and the General Office of the Chongqing Municipal People's Government issued the "Specific Measures for Strengthening Private Enterprises for Financial Services." Among them, 15 specific measures to support private enterprise financing include improving loan approval and distribution efficiency. Commercial banks actively use financial technology to support risk assessment and credit decision-making, and encourage the use of information technology such as big data, cloud computing, artificial intelligence and blockchain to provide online loan channels and improve the efficiency of credit approval.