The “cross-border blockchain platform” launched by the State Administration of Foreign Exchange has expanded to 17 provinces (autonomous regions and municipalities)

Cross-border financial blockchain service platform (hereinafter referred to as "cross-border blockchain platform") launched by the State Administration of Foreign Exchange. This platform is currently the only blockchain platform that is filed with the State Cyberspace Information Office. Since the launch of the pilot on March 22, 2019, to December 15, the cross-border blockchain platform has been expanded to 17 provinces (autonomous regions, municipalities), and more than 170 legal corporate banks have joined voluntarily and independently, more than all foreign exchange transactions One third of business banks cover more than 5,600 bank outlets; the platform has completed accumulative accounts receivable financing lending amounting to US $ 10.169 billion (of which RMB 8.592 billion), serving a total of 1859 enterprises, and small and medium-sized foreign trade enterprises accounting for 70 %the above.