On November 13, 2019, China's leading business-oriented cloud service platform for financial institutions (Technology-as-a-Service) – Credit Accounting Technology Co., Ltd. (hereinafter referred to as "financial account book") announced that it has The prospectus was publicly submitted to the US Securities and Exchange Commission and will be publicly offered in the form of American Depositary Shares (ADS). In Hong Kong, Financial Accounts has established a blockchain trade linkage platform for the Hong Kong Monetary Authority to serve 12 banks and paved the way for the digitalization of cross-border trade corridors between Asia and Europe. Financial Accounts also signed a strategic cooperation agreement with South Korea's Samsung SDS to develop a cross-border blockchain trading network. In March 2019, Ping An Financial's “Accounting Chain (FiMAX)” and the Small and Medium Bank Internet Finance Alliance (IFAB) were launched to create a “blockchain-based IFAB trade finance project”. In the blueprint for the construction of IFAB's financial network, its plan is seamlessly connected with the asset securitization (ABS) platform. The blockchain will be used to record the life cycle information of ABS products, and achieve the underlying penetration of credit assets. Highly efficient recovery of funds to enhance overall competitiveness.