Inner Mongolia Issues First Computing Power Token Loan

The Bank of China Inner Mongolia Branch recently issued the first computing power token loan to the Hohhot and Horinger New District in Inner Mongolia. The innovative credit evaluation system incorporates the scale of enterprise token usage, computing power cooperation orders, core technology qualifications, and scientific research and development capabilities into the core credit indicators, while weakening traditional collateral requirements. The computing power scale in Hohhot has reached 150,000 P, with intelligent computing accounting for 146,000 P, and the green computing power index ranking first in the country. Locally, computing power loans and medium- to long-term technological transformation loans are promoted, utilizing policy financial tools and syndicate loans to address capital and large funding needs, while also introducing computing chain insurance and cybersecurity insurance to provide diversified risk management guarantees for heavy asset projects such as data centers.