Beijing is Pushing for the Second Batch of Supervision Sandbox Pilots

Abstract : Beijing will further promote the deep integration of finance and technology, and supervise technology R&D and application.

ChainDD
ChainDD

May 16

May 16 (ChianDD) Huo Xuewen, Secretary of the Party Group and Director of the Beijing Municipal Financial Supervision Administration, said today at the "Tsinghua Wudaokou Global Forum 2020" that in the future, Beijing will further promote the deep integration of finance and technology, and supervise technology R&D and application.

Huo reported on the achievements of Beijing's financial technology services since the outbreak of COVID-19. In March this year, Beijing launched the nation's first blockchain-based enterprise electronic identity authentication information system (eKYC), which reduced the amount of enterprise audit data reporting by 80% and audit time by 40%. Beijing has also developed a blockchain-based supply chain debt platform and the country's first online loan center.

He pointed out that Beijing will continue to promote the application of technical methods in the field of supervision. Beijing is currently pushing for the second batch of supervision sandbox pilots.

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