Bank of China Weifang Branch completes first export financing business through cross-border financial blockchain service platform

The Bank of China Weifang Branch recently responded to the request of the State Administration of Foreign Exchange Administration Weifang City Central Branch to launch a pilot project for a cross-border financial blockchain service platform, and successfully completed an export factoring financing of USD 1.45 million for a company in Weifang through this platform, becoming the first in the city. Export financing business landing through this platform. In the next step, the Bank of China Weifang Branch will vigorously promote the replication and promotion of this model in Weifang City, and continue to explore the application of new financial technologies such as blockchain in serving the city's cross-border RMB and foreign exchange business.