Shanghai Financial Regulatory Bureau: Leverage digital technology to empower trade finance and strengthen the application of trade data and information from customs, taxation, and other sources.

Notice of the Shanghai Financial Regulatory Bureau on Issuing the Several Measures for Promoting the High-Quality Development of Digital Finance in Shanghai's Banking and Insurance Sectors, which mentions: Elevate the digitalization level of trade finance. Leverage digital technologies to empower trade finance, strengthen the application of trade data and information such as customs and taxation, and prudently carry out innovation in financial products and service models based on electronic trade documents. Proactively align with the construction of the Shanghai hub of the national blockchain network, actively participate in the expansion, quality improvement, and volume growth of key digital scenarios for aviation and trade, and accelerate the large-scale application of mature aviation and trade blockchain scenarios. Connect with the construction of foundational service systems such as the trusted data space for the transportation and logistics industry, utilize transportation and logistics data to enhance the intelligent level of shipping finance, promote the linkage between electronic bills of lading and electronic insurance policies, and deepen the integrated application of trade finance and logistics data.