Nov 17, 2021 03:18 PM (GMT+8) · EqualOcean
Recently, the China Banking and Insurance Regulatory Commission held a special meeting to study and deploy the banking and insurance industry to deepen the reform of supply chain financing. The meeting requested that banking institutions be encouraged to provide accurate financial services based on the needs of the real economy. On the premise of ensuring data security and independence of risk control, the difficulties and pain points in Chattel pledge, product verification and risk monitoring can be solved through scientific and technological empowerment, so as to avoid the separation of funds from real to virtual. Urge banking institutions to strengthen industry research, carry out whole industry chain risk monitoring and enterprise credit management, adhere to the authenticity of transaction background, prevent and control information technology application risks, and strictly prevent guarantee chain and Guarantee Circle risks.