TechFlow news, on August 8, the People's Bank of China, Ministry of Industry and Information Technology, National Development and Reform Commission, Ministry of Finance, Financial Regulatory Administration, China Securities Regulatory Commission, and State Administration of Foreign Exchange jointly issued the "Guiding Opinions on Financial Support for New-Style Industrialization," which points out the support for financial institutions to use technological means such as big data, blockchain, and artificial intelligence to simplify business procedures and improve efficiency in serving the manufacturing sector, especially small and medium-sized enterprises.
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