Cross-border blockchain platform facilitates trade financing for Chongqing enterprises

According to the People's Daily News, on March 10, the reporter learned from the Chongqing Foreign Exchange Management Department of the State Administration of Foreign Exchange that in recent days, nearly 20 pilot banks in Chongqing actively used cross-border financial blockchain service platforms Platform) to provide cross-border payment and financing services for Chongqing trading companies. As of March 9, a total of US $ 56.36 million in foreign exchange payments for service trade had been processed and US $ 460 million in export trade financing had been issued.