Foreign Exchange Bureau Shanxi Provincial Bureau further promotes the pilot work of cross-border financial blockchain service platform

During the epidemic, the Shanxi Provincial Branch of the Foreign Exchange Bureau deeply promoted the pilot work of the cross-border financial blockchain service platform launched by the State Administration of Foreign Exchange, and conducted a special investigation on the financing status of small and medium-sized foreign trade enterprises in the province; Convenience of blockchain platform financing; strengthen promotion, encourage banks to establish franchise service mechanism for small and medium-sized foreign trade enterprises; promptly guide and promote banks to actively connect small and medium-sized foreign trade enterprises, and develop export receivables financing; "point-to-point" counseling Promote local corporate banks to launch blockchain platforms to tap the financing needs of small, medium and micro foreign trade companies. Through the effective measures of the foreign exchange bureau, the bank ’s enthusiasm for financing SMEs has increased significantly, and enterprises have more and more understanding of the convenience of blockchain financing. Banks have expanded the financing scale for small, medium and micro enterprises, and enterprises have obtained convenient Financing has achieved "a policy, a win-win situation for all parties." As of the end of March this year, 16 banks have joined the blockchain platform, and the province has accumulatively disbursed $ 765 million through the blockchain platform. 1458 households of foreign-related small, medium and micro foreign trade enterprises in Shanxi Province resumed production, with a return rate of 91%.