National digital financial platform settles in Huangpu

Huangpu district signed a strategic cooperation agreement with China Finance on Jan 9 to settle the National SME Public Service Digital Financial Platform in the district.

This move will focus on guiding the application innovation of block chains in the financial sector, setting up special industry funds to improve the efficiency of regional SMEs' docking financial services.

Huangpu has gathered more than 20,000 private and small and medium-sized enterprises; from them come more than 80 percent of the authorized invention patents, technological innovations and new products and more than 40 percent of the tax revenue. The booming private economy in the district has generated huge financial needs.

Under the guidance of the Ministry of Industry and Information Technology, the platform will gather resources such as finance, technology and talents to broaden financing channels for the real economy, reduce financing risks, and help SMEs to transform, upgrade and accelerate development.

The two sides will aim to build a financial science and technology platform center for SMEs in the Guangdong-Hong Kong-Macao Greater Bay Area, give full play to the advantages of the national platform in terms of resources, service operation and credibility, and use block chains as an entry point for a development model of "block chain + characteristic finance" in Huangpu.

Blockchain technology has become the underlying key infrastructure of future financial technology. Its highly secure and tamper-resistant Internet book attributes are suitable for financial applications with complex intermediate links and asymmetric information.

In recent years, Huangpu actively promoted development of the blockchain industry, taking the lead in setting up the first blockchain association and introducing the first blockchain policy in Guangdong province, which quickly gathered nearly 200 enterprises. The platform will continue to guide the application and innovation of block chains in the financial field.

At the same time, the project set up a special industrial fund to support high-quality projects in the field of financial science and technology innovation and investment and financing services in the promotion of the multi-fund platform, as well as research and development, construction and development of related block chain projects in the area.