Shanghai Financial Regulatory Bureau: Empowering the Development of Supply Chain Finance for Advanced Manufacturing

The Shanghai Financial Regulatory Bureau issued a notice on the "Several Measures to Promote the High-Quality Development of Digital Finance in Shanghai's Banking and Insurance Sectors." Among other points, it states: Empower the development of supply chain finance for advanced manufacturing. Using technologies such as big data and blockchain, steadily expand supply chain financial services, and standardize the development of supply chain finance products such as accounts receivable financing, supply chain note financing, warehouse receipt pledge financing, and order financing. Continuously deepen the layout of insurance services for advanced manufacturing, and enhance comprehensive risk protection capabilities for advanced manufacturing enterprises and their supply chains.