Zhao Baige, deputy director of the 12th National People's Congress Foreign Affairs Committee: Chinese and foreign banks deepening the application of blockchain and other technologies in the field of trade finance

On May 5th, "China Finance" magazine published "Zhao Baige: Financial Technology and "One Belt, One Road"". Zhao Baige, deputy director of the 12th National People's Congress Foreign Affairs Committee and chairman of the "One Belt, One Road" International Think Tank Expert Committee of the Chinese Academy of Social Sciences, pointed out in the article that at present, financial technology has been integrated in cross-border supply chain, trade risk management, and diversified modes of transportation. Trade product upgrades, digital processing and other aspects benefit the development of the “Belt and Road” and world trade. For example, the business aggregates all-round service cards, and the financial account-to-bank has established the world's first blockchain trade platform “trade linkage” led by the Hong Kong Monetary Authority of the regulatory authorities in Hong Kong. In addition, Chinese and foreign banks have coordinated to drive the development of the real economy along the line. Chinese and foreign banks learn from each other and deepen the application of new technologies such as big data, artificial intelligence and blockchain in the field of trade finance, and continuously improve the performance of financial services.