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Xicheng District People's Government of Beijing Municipality

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Projects from Xicheng District’s 5 Enterprises Listed among City-Level Innovation Projects


The Operations Office (Beijing) of the People’s Bank of China announced the third batch of 5 innovative application projects in Beijing’s fintech innovation supervision pilot. 4 projects in which 5 enterprises based in Xicheng District take part in are listed, accounting for 80% of the total. They are blockchain-backed financing product Guangxintong, the Internet of Things-based financing service for small and medium sized enterprises, State Power Investment Corporation’s blockchain-based supply chain financial platform, and API-based scenario adaptation middle-ground product.

The projects mainly take advantage of cutting-edge technologies including the Internet of Things, big data, blockchain, and API, and cover many industry application scenarios such as the automobile industry and the electric power sector. They aim to solve the problem that small and micro businesses find it difficult and costly to obtain financing, to expand financial service scenarios, and to promote the construction of a safe and controllable supply chain system.

Up to now, 14 projects in Xicheng District have been included among the three batches of 22 innovative application projects announced by the People’s Bank of China, accounting for 64% of the total projects selected in Beijing.



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