Foreign Exchange Bureau Lu Lei: Expanding Blockchain Technology Cross-border Financing Application Scenarios

According to the China Securities Journal, Lu Lei, deputy director of the State Administration of Foreign Exchange, said at the "China Forum 2019 Annual Meeting: New Era · New Mission" that the focus of foreign exchange system reform in 2020 is to keep the face, make breakthroughs and improve line. Including the orderly promotion of the opening of non-convertible projects, and the improvement of the convenience of convertible projects; gradually expanding the scope of pilot projects, expanding the application scenarios of blockchain technology in cross-border financing, and macro-prudential management.