China Banking and Insurance Regulatory Commission: Actively use digital technology to provide insurance compensation services for the first major technical equipment, first batch of new materials, etc., enhancing the ability to prevent security risks.

The General Office of the China Banking and Insurance Regulatory Commission has issued the "Implementation Plan for the High-Quality Development of Digital Finance in the Banking and Insurance Industries". The plan proposes to serve the development of advanced manufacturing industries by leveraging industrial Internet of Things and industry knowledge graphs to enhance data collection, analysis, and application capabilities for manufacturing enterprises in production transactions, warehousing logistics, and other processes. It also calls for strengthening credit support for the digital transformation of manufacturing industries, regulating the development of supply chain finance through technologies such as big data and blockchain, and actively meeting the financing needs of upstream and downstream enterprises in the industrial chain. Additionally, the plan advocates for the active use of digital technologies to provide insurance compensation services for the first major technological equipment and first batch of new materials, enhancing safety and risk prevention capabilities.