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The Director of China SAFE Gongsheng Pan: Promoting the Application of Blockchain Technology in the Field of Foreign Exchange Management

Abstract : According to the article “China's Foreign Exchange Management Reform 70 Years” written by the Director of SAFE (State Administration of Foreign Exchange) Gongsheng Pan, China has achieved many great efforts on foreign exchange management reforms.

ChainDD
ChainDD

Oct 03

According to the article “China's Foreign Exchange Management Reform 70 Years” written by the Director of the State Administration of Foreign Exchange Gongsheng Pan, China has achieved many great efforts on foreign exchange management reforms.

From 2013 to now, the State Administration of Foreign Exchange has introduced a number of facilitation measures in goods trade, service trade, insurance institutions, foreign currency cash, personal foreign exchange business and many other fields to push the application of blockchain technology in the field of foreign exchange management.

On the other hand, the foreign exchange administration also push “Open+Management+Serivce” reforms to improve the "Internet + government service" online processing system and continuously optimize the business environment.

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