BEIJING, Nov. 28 (Xinhua) -- Chinese regulators including the central bank issued recently an action plan to bolster high-quality development of digital finance, reported Xinhua-run China Securities Journal on Thursday.
By 2027, the plan proposes to put basically in place a financial system that highly adapts to the development of digital finance.
By then, the plan blueprints a development pattern featuring effective digital transformation of financial institutions, coordinated development of digital finance and four other financial sectors, significantly improved digital finance products and services, basically established digital finance governance system, relatively complete digital finance infrastructure and further enriched financial regulation and supportive rules and mechanisms.
The plan outlines measures of five aspects to achieve the goal and the sub-goals, including systemically advancing the digital transformation of financial institutions, leveraging digital technology to improve the quality and efficiency of financial services for key sectors, enhancing the fundamentals for development of digital finance, optimizing the digital finance governance system, and providing sound coordination and guarantee.
As regards digital transformation of financial institutions, the plan comes up with strengthening technology support capabilities and building a digital public service platform for securities and futures industry to support their digital transformation with data and technology supplies.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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