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The People's Bank of China, the General Administration of Financial Supervision, the State Administration of Foreign Exchange and the Shanghai Municipal People's Government jointly issued the Action Plan of Shanghai International Financial Center to Further Improve the Facilitation of Cross border Financial Services. The plan proposes to support financial institutions in utilizing blockchain technology and other technologies to optimize the authenticity verification of customer electronic documents and information, enhance their "accurate profiling" capabilities, and improve the quality of cross-border financial services for "going global" enterprises. Strengthen the construction of CIPS, improve system functions, research and promote the application of blockchain technology, and provide safe and efficient settlement and clearing services for global trade, shipping, and investment and financing denominated in RMB. Using blockchain technology to standardize the development of supply chain finance: leveraging the role of key industry chain main enterprises, implementing key links such as orders, logistics, and warehousing information on the chain through blockchain, big data, and other technologies, carrying out carbon footprint certification pilot projects, gradually building a green and low-carbon supply chain system, implementing differentiated credit management in supply chain finance, improving the supply chain finance product system, standardizing the development of accounts receivable, order financing, warehouse receipts, and inventory pledge financing products, and increasing credit support for upstream and downstream enterprises in the industry chain.