Gavibc: push block chain trade financing, big bay area can let go of the hands and feet dry
"From a global perspective, the current use block the size of the chain system for cross-border settlement of international trade is relatively small, not large scale, is still in the ascendant in the exploratory stage, but is getting more and more attention from financial institutions and trade enterprises, has a tendency to burst," fire currency university President, China communications industry association, deputy director of the block chain branch block chain experts Yu Jianing 18 told the financial times,
On May 14, four ministries and commissions such as the People's Bank of China, Hong Kong and Macao to release about the financial support of the construction of the large bay area,
"From the point of views, the direction of the entire region is a large bay area of guangdong, to promote China's financial opening and financial innovation, opinions from a macro on the basic position," the central university of finance and financial research institute of finance and economics, director of the bay area, deputy director of the international financial technology laboratory Chen bo told the financial times,
Big bay area to develop the financial technology

Opinions, points out that in order to further enhance the level of a large bay area of guangdong financial service innovation and opinion points out that will develop the financial science and technology, Hong Kong and Macao to deepen the big bay area financial science and technology cooperation, to strengthen the construction of financial technology carrier,
"There are some new changes is worthy of attention, such as to determine the chain block and combined the development direction of trade finance," said Chen bo,
Opinions, points out that in the compliance in accordance with the law, business, under the premise of voluntary chain building blocks of trade finance information service platform, can participate in the bank safe and reliable way to share and exchange related digital cross-border trade information,
A large bay area of guangdong is located in the pearl river delta, the economic scale and large population, is the earliest implementation of reform and opening up the mainland frontier region, it is also one of the three important economic belt on the mainland and urban agglomeration, at the same time, a large bay area of guangdong foreign trade is frequent, is extroversion of the highest level in the national economy, large bay area developed in manufacturing, supply chain improvement, is China's production center as a "world factory",
", combined with the pilot of digital currency, recently shenzhen this also cited in opinions, "said Chen bo,
Opinions, points out that in mainland, Hong Kong and Macao to support large bay study block chain, big data, such as artificial intelligence innovation mature technology and its application in the customer marketing, promotion in aspects of risk prevention and financial regulation,
Support on April 27, the central bank said in Shanghai, chongqing, shenzhen, hebei male Ann district and city (area) to expand the pilot, guide a licensed financial institutions, testing technology company to apply for innovation, in compliance in accordance with the law, protection of consumer rights and interests under the premise of exploration by means of modern information technology can assign financial "huimin, the enterprise,"
Financial innovation of science and technology for the construction of the pilot, on the one hand, the practical application of digital currency for the central bank has provided a broad scenarios imaginary space, in the pilot application of constantly improve the design of digital currency, central Banks, tracking and regulation thinking,
Shenzhen may also through digital currency, on the other hand, the pilot, in building the national and even global financial center made great progress in science and technology,
Notable is, convenient opinion at the same time, points out that Hong Kong and macau residents in mainland China using mobile electronic payment tool for RMB payment, promote mobile payment tool is used in a large bay area of guangdong and interflow, support other payment institutions on the mainland in Hong Kong and Macao to expand business,
"In fact, this is a simple version of the internationalization of the yuan one step, from this point of view, the financial technology and digital has high binding, this is a unique aspect of opinion inside," said Chen bo,
Iron ore trade paperless cross-border settlement

Actually existing domestic enterprises began to block chain related exploration in cross-border settlement,
Recently, Rio tinto and China bao wu, baosteel cooperation process, completed the first to the order point to point, paperless yuan iron ore trading,
Rio tinto, according to official information on the transaction settlement amount is more than 100 million yuan, is the first time for iron ore international trade settled in renminbi in the whole flow of paperless trading,
Rio tinto iron ore sales and marketing vice President Fang Rui said, paperless yuan trading is a pioneering work in the field of iron ore international trade, it is understood that Rio tinto is committed to the use of digital innovation to improve the efficiency of cross-border trade and security, under the influence of the current outbreak, challenging the traditional trade documents circulation, highlights the value of innovation, digital key provisions from the contract confirmation, the payment, goods delivery, Rio tinto client can achieve seamless transaction experience and uninterrupted service,
"We will continue to use block chain and point-to-point digital solutions, improve our customer experience, lead the industry to fully digital further cross-border trade," Fang Rui said,
"The deal is the first time for iron ore international trade settled in renminbi in the whole flow of paperless trading, is an important offshore RMB cross-border electronic clearing attempt, portend the future there will be more industry of international trade based on block cross-border settlement, chain system is an important part of the 'block chain +' case, landing" fire currency university President, China communications industry association, deputy director of the block chain branch block chain experts Yu Jianing told the financial times,
According to Yu Jianing block chain technology was born in 2008, 2011 companies such as Rayleigh wave began to explore the block chain technology applied in inter-agency settlement scenario, beginning in 2018, the using block chain platform for the actual case of the international credit settlement, in 2019, JPM Coin and Libra release allows block chain cross-border settlement and payment received governments and the social attention from all walks of life,
Yu Jianing thinks, the advantage of cross-border settlement system based on block chain system includes: transaction can be real-time fast verification and approval, books are difficult to tamper with, money goes back, easy to audit, etc., in the future is expected to achieve "accounting for trading in trading, clearing," even pay automatically meet was achieved by introducing intelligent contract conditions, the largest extent, improve the efficiency of payment and settlement, to reduce the risk and cost,
"From a global perspective, the current use block the size of the chain system for cross-border settlement of international trade is relatively small, not large scale, is still in the exploratory stage of the burgeoning but is getting more and more financial institutions and the attention of trade enterprises, has a tendency to burst," said Yu Jianing,
Yu Jianing pointed out that, due to the block chain scenario requires more technical characteristics and cross-border payment and settlement of match, so in the future will be used in large amounts in cross-border settlement, "however, this is a relatively at the bottom of the technological changes, so will exist the transformation period, will gradually replace the old system,"