China’s tax and financial regulators have urged banks to adopt blockchain technology to improve lending services and data transparency, particularly for small businesses.
The directive calls for standardised data sharing between banks, tax authorities and enterprises to reduce information gaps and improve credit assessment efficiency.
Authorities said the move will enhance financing access for “honest, tax-paying enterprises,” while improving credit models and approval processes.
The policy aligns with China’s broader plan to build nationwide blockchain-based data infrastructure by 2029, as part of its digital economy strategy.
Officials estimate the initiative could attract up to 400 billion yuan ($58 billion) in annual investment, highlighting the scale of the infrastructure push.
Despite strict bans on crypto trading and mining, China continues to promote blockchain adoption in finance and public sector systems.
The country remains a major player in global Bitcoin mining, accounting for around 11.7% of global hashrate as of early 2026.
At the time of reporting, Bitcoin price was $68,873.48.