Guo Wuping, from the China Banking and Insurance Regulatory Commission, stated that the pilot project of financial services for railway transportation documents has achieved significant results, and will further enrich product services.

Guo Wuping, Director of the Policy Research Department of the China Banking and Insurance Regulatory Commission, stated at a news conference on financial support for accelerating the construction of the Western Land-Sea New Channel that since the pilot implementation of financial services for railway transport documents, significant progress has been made, the product system is becoming more perfect, business explorations are gradually advancing, and the policy environment is continuously improving. The China Banking and Insurance Regulatory Commission will continue to strengthen policy guidance and regulatory oversight, further enrich product services, expand application scenarios, and encourage financial institutions to further explore the financing and credit functions of railway transport documents. Financial institutions are encouraged to break the boundaries between domestic and foreign trade, extend relevant experiences and practices from the foreign trade field to the domestic trade field, further expand service scenarios, and support the integrated development of domestic and foreign trade for enterprises.