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Commercial banks should pay special attention to the application of blockchain in their digitalization to develop applications and strengthen innovation, said Li Wei, director of the technology department of the People's Bank of China, the central bank, at a financial forum on Monday.
Commerce Minister Zhong Shan said that starting from the end of 2018, the Chinese government had collected the opinions of various stakeholders, and protected the rights of companies on both sides.
College graduates take photos in front of the landmark Main Administration Building of Wuhan University in the provincial capital of Central China's Hubei province.[Photo provided to China Daily]
Commercial banks' capital adequacy ratio stood at 13.3 percent, and their provision coverage ratio neared 180 percent, both at relatively high levels, he told reporters.
Concrete measures have also been taken in the zone to facilitate trade and investment, offering a one-stop service to companies. The average customs clearance time has been cut from up to two days to two hours. In addition, customs clearance costs have been reduced by 70 percent, and logistics costs by 30 percent.
来源：资阳报