According to Foresight News, CITIC Bank's Xiong'an branch has successfully launched the industry's first fully online digital RMB government procurement loan ('Digital Currency Government Procurement E-Loan'), based on the security of blockchain and the colorability of digital RMB. This service combines an internally mature risk control system, and after real verification of the government procurement transaction background, it enables quick loan amount approval and fully online disbursement throughout the process. This model effectively connects the purchaser, supplier, and bank, promoting information sharing and credit transmission. It not only provides suppliers with a convenient and efficient financing channel but also strengthens the payment security of fiscal funds and contract performance supervision, opening up new pathways for credit financing in the field of government procurement.
Next, CITIC Bank will use Xiong'an New Area as a pilot sample to further summarize experiences and gradually promote it nationwide, providing convenient and efficient digital inclusive financial services for more regions and enterprises, and supporting the development of the real economy.