Nine Departments: Steering Financial Institutions Towards Tailored Risk Management and Investment Research Frameworks for Tech Firms, Leveraging Tech Finance Databases
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Author:小编   

The People's Bank of China, along with eight other departments, has collectively released the "Notice on Bolstering the Development and Utilization of Data in the Tech Finance Domain." This notice is designed to amplify the utilization of data throughout the entire tech finance ecosystem, with particular emphasis on pivotal sectors such as financing alignment (the process of matching), intelligent risk management, and product innovation. It advocates for financial institutions to harness tech finance databases to construct digital credit profiles for tech enterprises, forge unique risk management and investment research frameworks, and craft financial products that are precisely aligned with the financing requirements of specific industries. Furthermore, it endorses cooperative efforts between financial institutions and pertinent departments to scrutinize transactional data, perform industrial chain capital flow analyses, delineate key industrial chains, and ensure precise allocation of financial resources.