Foreign Exchange Bureau: Strengthen the construction of cross-border financial blockchain service platform to ease the financing problems of SMEs

On February 15, the State Council held a press conference on the joint prevention and control mechanism for pneumonia epidemic of new coronavirus infection. Xuan Changneng, deputy director of the State Administration of Foreign Exchange, introduced the measures taken by the State Administration of Foreign Exchange to support the resumption of production and production of enterprises. He said that on the one hand, it is necessary to strengthen the construction of cross-border financial blockchain service platforms and alleviate the problems of financing difficulties and expensive financing for SMEs. On the other hand, continue to simplify the procedures for revenue and expenditure of goods trade of small and micro cross-border e-commerce enterprises, further facilitate cross-border e-commerce settlement, guide bank payment institutions to provide market entities with electronic payment services under current accounts based on transaction electronic information, and further facilitate small, medium and micro enterprises Link cross-border e-commerce trade settlement to improve the efficiency of fund settlement for small, medium and micro enterprises.