Bank of China's Inner Mongolia branch has issued the region's first 'Computing Power Token Loan' to the Horinger New Area, incorporating token usage scale, computing power orders, core tech qualifications, and R&D capabilities into credit evaluation while reducing reliance on traditional collateral. Hohhot's computing power capacity reaches 150,000 P, with 146,000 P from intelligent computing, leading the nation in green computing index. Local authorities are also promoting 'computing loans', medium- to long-term tech renovation loans, and 'computing chain insurance' to support data centers and heavy-asset projects.
Bank of China's Inner Mongolia branch has handed out the first "Computing Power Token Loan" in the autonomous region to the Horinger New Area, Xinhua News Agency reported. The loan relies on a new credit evaluation system. It looks at a company's token usage scale, computing power cooperation orders, core technology qualifications, and R&D capabilities as key indicators, cutting dependence on old-style collateral.
Hohhot now has total computing power capacity of 150,000 P. Of that, 146,000 P comes from intelligent computing, which gives the city the highest green computing index in the country. And local authorities are pushing "computing loans," medium- to long-term technical renovation loans, and the use of policy financial tools and syndicated loans to deal with capital needs and big-ticket funding demand.
They have also rolled out "computing chain insurance" and cybersecurity insurance. Short and practical. The aim is multi-risk protection for data centers and other heavy-asset projects, with coverage for fire, water damage, and machine failures.
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