The Shanghai Municipal Government Information Office held a press conference to introduce the recently issued "Action Plan for High-Quality Advancement of the Global Financial Technology Center Construction in Shanghai" (hereinafter referred to as the "Action Plan"). He Weili, Deputy Director of the Technology Supervision Department of the Shanghai Financial Supervision Bureau, stated that the Shanghai Financial Supervision Bureau will focus on three key areas:

• Promoting Innovative Applications of Financial Technology in the Banking and Insurance Industries: The Shanghai Financial Supervision Bureau will guide banking and insurance institutions within its jurisdiction to strengthen the innovative application of financial technology. They will support institutions in utilizing technologies such as artificial intelligence, blockchain, the Internet of Things, and big data to drive product and service innovation, offering customers more personalized, diverse, and customized financial products.