Financial Regulatory Authority: Promote the development of a financial services system that aligns with the financing needs throughout the entire lifecycle of future industries

ME News update, April 3 (UTC+8). The Party Committee’s Theory Study Group collective (expanded) study was held by the Financial Regulatory Administration. Li Yunzhe emphasized that efforts should focus on the core business of finance and that a financial services system should be built that is compatible with the financing needs of future industries across their entire life cycle. By providing precise financial support for the development of future industries such as artificial intelligence through technology-driven finance, new momentum will be injected into Chinese-style modernization. We must coordinate development and security, deeply recognize and grasp the development trends of artificial intelligence, and steadily and orderly advance pilot applications of artificial intelligence in the financial industry. We will establish and improve the governance framework for the safe development, deployment, and application of artificial intelligence, and promote high-quality development of digital finance. We must strengthen technological enablement, high-quality launch the “Jin Jian Project” construction, build a solid foundation for financial regulatory technology support, continuously enhance the regulatory digital and intelligent level and the capability for regulatory oversight with penetration, and effectively improve the quality and effectiveness of strong and strict regulation. (Source: PANews)