Shanghai Financial Regulatory Bureau: Supports Institutions in Using AI, Blockchain and Other Technologies to Provide More Customized Financial Products
Shanghai Government Unveils Action Plan to Build a Global Fintech Hub
Shanghai, China: The Shanghai Municipal Government Information Office held a press conference to introduce the recently issued "Action Plan for High-Quality Promotion of 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 Regulatory Bureau, stated that the Shanghai Financial Regulatory Bureau will focus on three key areas:
1. Promoting Innovation in Financial Technology Application by Banks and Insurance Companies:
The Shanghai Financial Regulatory Bureau will guide banking and insurance institutions within its jurisdiction to strengthen financial technology innovation and application. This includes supporting institutions to utilize technologies like artificial intelligence, blockchain, the Internet of Things, and big data to drive product and service innovation. The goal is to provide customers with more personalized, diverse, and customized financial products.
