Chen Jining, Secretary of the Shanghai Municipal Party Committee, guides more financial institutions to use chains and build a financial risk monitoring and early warning system based on blockchain technology.

According to ChainCatcher, when visiting the Shanghai headquarters of the People's Bank of China, Chen Jining, Secretary of the Shanghai Municipal Party Committee, pointed out that we must seize the opportunities of digitalization and intelligence and jointly promote financial innovation and transformation. Optimize and improve the regulatory system and working mechanism, clarify risk control requirements and access standards, and support the development and in-depth application of multi-agent technologies. Guide more financial institutions to use chains and jointly develop supply chain finance based on a secure and trusted credit system, and establish a financial risk monitoring and early warning system based on blockchain technology to better prevent and resolve risks in key areas.