China's seven departments issued an "Opinion": requiring the integration of Blockchain and artificial intelligence into financial infrastructure!

Recently, the People's Bank of China (PBOC) joined forces with six core ministries including the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Finance, the Financial Regulatory Administration, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange;
Jointly issued the "Guiding Opinions on Financial Support for New Industrialization" (hereinafter referred to as "Opinions").
This document jointly endorsed by seven major departments sets the tone for the integration of production and finance in China for the coming years with unprecedented strength and clarity. The most eye-catching aspect is the clear requirement to integrate Blockchain with cutting-edge technologies such as Artificial Intelligence (AI);
Elevating to a strategic height of "financial infrastructure" aims to create a brand new digital engine for the upgrading of China's manufacturing industry and the development of the real economy.
The release of this "Opinion" marks China's transition from sporadic exploration of blockchain and AI technology applications to a national strategy level of top-level design and comprehensive promotion.
Its core goal is to utilize these digital tools to fundamentally transform the traditional financial service model, addressing long-standing issues such as financing difficulties and slow financing that have plagued the manufacturing industry, especially small and medium-sized enterprises.
Thus providing a solid support for achieving the grand goals of "financial power" and "manufacturing power."