NEWS: Central bank officials say banks need to study in depth

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Chinese President Xi Jinping said that the concept of "block chain" as a key breakthrough of core technology and independent innovation has become a hot spot in the market. Li Wei, director of the science and Technology Department of the people's Bank of China, said on Monday that commercial banks should conduct in-depth research on the application of blockchain technology and establish a security system.
Last Friday (25), Xinhua quoted Xi Jinping as saying that the integrated application of block chain technology played an important role in the new technological innovation and industrial transformation. We should regard the block chain as an important breakthrough in the core technology innovation, define the main direction of attack, increase investment, focus on tackling a number of key core technologies, and accelerate the development of block chain technology and industry innovation.
Lu Lei, deputy director of the State Administration of foreign exchange, also pointed out on Sunday that in addition to the traditional financial format, exchange and market, special attention should be paid to the rapid development of digital finance and financial technology. The administration of foreign exchange is promoting the application scenarios of blockchain technology and artificial intelligence in cross-border trade financing and macro Prudential Management.


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