According to Shenchao Techflow, on August 8, the People's Bank of China, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Finance, the General Administration of Financial Supervision, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the “Guiding Opinions on Financial Support for New Industrialization”, which states that financial institutions are supported to use technology such as big data, blockchain, artificial intelligence, etc., to simplify business procedures and improve the efficiency of the service manufacturing industry, especially small and medium-sized enterprises.