Central Financial Committee: Support the development of supply chain finance using blockchain and build an offshore financial system aligned with Shanghai.

BlockBeats News, June 18: China's Central Financial Committee issued the Opinions on Supporting the Accelerated Development of the Shanghai International Financial Center. It highlighted the need to strengthen the construction of a unified financing credit service platform and to support financial institutions in leveraging technologies like blockchain to develop supply chain finance. The document also called for expanding high-level, two-way financial openness, advancing systemic opening in the financial sector, and fully aligning with international high-standard economic and trade rules. Other measures include promoting the facilitation of cross-border trade and investment, providing comprehensive financial services for enterprises going global, and deepening and expanding investment and financing cooperation under the Belt and Road Initiative. Additionally, it emphasized building an offshore financial system matching the stature of the Shanghai International Financial Center, continuously advancing the development of markets such as currency and foreign exchange, and enhancing the price influence of Shanghai's financial markets.