The central bank established the Financial Science and Technology Committee to enrich regulatory measures

Recently, the People’s Bank of China established the Financial Science and Technology (FinTech) committee to strengthen the research planning and overall coordination of financial science and technology work. Financial technology is a technology-driven financial innovation, which has injected new vitality into financial development and brought new challenges to financial security. The People’s Bank of China will organize in-depth study on the impact of the development of financial science and technology on monetary policy, financial market, financial stability, payment and settlement and other fields, and earnestly do a good job in the strategic planning and policy guidelines for the development of financial science and technology in China. Further strengthen exchanges and cooperation at home and abroad, establish and improve the financial science and technology innovation management mechanism suitable for China’s national conditions, handle the relationship between security and development, and guide the correct use of new technologies in the financial field. Strengthen the application practice of regulatory technology (RegTech), actively use big data, artificial intelligence, cloud computing and other technologies to enrich financial supervision methods, improve the identification of cross-industry and cross-market financial risks, ability to prevent and resolve. The People’s Bank of China is willing to join hands with all parties of industry, university and research to jointly promote the healthy and orderly development of China’s financial technology and contribute to serving the real economy and practicing inclusive finance. Recently, the People’s Bank of China established the Financial Science and Technology (FinTech) committee to strengthen the research planning and overall coordination of financial science and technology work. Financial technology is a technology-driven financial innovation, which injects new vitality into financial development and also gives gold

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