Guangxi: Encourage financial institutions in the new channel of land and sea in the west to develop financial products and services of "blockchain supply chain finance"

According to China Financial News, on November 1, the Nanning Central Branch of the People ’s Bank of China, the Development and Reform Commission of the Guangxi Autonomous Region, the Finance Department of the Autonomous Region, and the Local Financial Supervision and Administration Bureau of the Autonomous Region jointly issued “Policies and Measures for Financially Supporting the Construction of New Corridors in the West”. Policy measures point out that financial institutions are encouraged to develop "blockchain + supply chain finance" financial products and services, relying on core enterprises in the supply chain to provide warehouse receipt pledged loans, guarantee bill financing, and receivables under guarantees Various forms of financial services such as account pledge loans, bill discounting, factoring, international and domestic letters of credit.