Beijing will establish a credit chain and a debt platform based on blockchain and other technologies.

According to the Beijing Daily on July 29, yesterday morning at the 23rd session of the Standing Committee of the 15th Beijing Municipal People's Congress, "Beijing Ordinance on Promoting the Development of Small and Medium-Sized Enterprises (Draft Amendment) Was heard and decided. The reforms will provide incentives for the development of financial products and support local financial institutions to lend to small and medium-sized enterprises (SMEs) on the basis of loan and business information provided by major providers. . and industry. On the basis of blockchain and other technologies, establish the Beijing credit chain and debt platform, support the activities of government, state-owned enterprises and other funds, to identify credit relationships and debt with small and medium enterprises and small and medium enterprises. - the big enterprises. Small and medium-sized enterprises (SMEs) to improve financial performance and reduce financial costs.