The Shanghai Financial Regulatory Bureau has unveiled the "Several Measures to Foster High-Quality Development of Digital Finance in Shanghai's Banking and Insurance Sectors." This initiative advocates for the strategic use of big data, blockchain, and additional technologies to broaden the scope of supply chain financial services. Furthermore, it seeks to standardize the development of financial products like accounts receivable financing, supply chain bills, warehouse receipt pledges, and order financing. Simultaneously, the bureau aims to deepen insurance service penetration among advanced manufacturing enterprises and their supply chains, thereby bolstering comprehensive risk protection capabilities.
