According to Sina news, on the afternoon of December 17, the Agricultural Bank of China Shanghai Branch held a cross-border e-chain product launch conference in Shanghai. Chen Qichang, President of the Agricultural Bank of China Shanghai Branch, Wu Jiping, Deputy Director of the Shanghai Branch of the State Administration of Foreign Exchange, Li Jun, Deputy Director of the Shanghai Local Financial Supervision Administration, Zhao Hai, Secretary General of the Shanghai Interbank Association, and Deputy General Manager of the Technology and Product Management Bureau of the Agricultural Bank Manager Wang Yi, Fun Chain Technology COO He Hongtao, and Babbitt CEO Wang Lei attended the press conference. Wang Hua, deputy head of finance at Pudong New Area, and Sha Xiaochun and Wang Bei, deputy heads of Shanghai Branch participated in the product release and contract signing. It is understood that in May 2018, the leader of the Agricultural Bank of China Shanghai Branch set up a blockchain project team and tried to use the agile development model as a demonstration project, that is, based on the blockchain technology to enable painful re-export trade business. With the care and help of the government, supervision, and tripartite support company, after more than a year of intensive research and concentrated research, the head office and branch branch jointly developed the first blockchain work independently developed by the cross-border e-chain.