State Council: Encourage financial institutions to understand the use of blockchain and other technologies to improve credit approvals and risk standards.

On November 22, the Small and Medium Enterprise Development Office of the State Board of Governors announced that it had announced a number of measures to support the competitiveness of SMEs. He said credit support needs to be stepped up. Using deep operations to improve SME financial services resources, enabling financial firms to understand the use of big data, intelligence, blockchain and other technology applications, and improve the credit approval and risk structure, as well as primary loans to SMEs, constantly increase renewal and loan capacity, and increase the size and strength of the average loan for a long time. Fulfill the role of contract information technology information platform and get the benefits of contract financing for the benefit of the company and improve the financial investment of the company. small and medium-sized businesses that use assets that are worthless. We strive to increase the involvement of financial institutions, continuously improve banks and make venture capital firms more integrated with small and medium enterprises (SMEs). (Ministry of Industry and Communication)