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 message, April 3 (UTC+8). The Party Committee’s Theoretical Study Center Group held a collective (expanded) study session under the Financial Regulatory Administration. Li Yunzé emphasized that we must focus on the financial core business, and promote the construction of a financial services system that is aligned with the financing needs of future industries across their entire lifecycle. By providing precise financial support through technology finance for the development of future industries such as artificial intelligence, new momentum will be injected into Chinese-style modernization. We must coordinate development and security, deeply understand and grasp the development trends of artificial intelligence, and advance the pilot applications of artificial intelligence in the financial industry in a prudent and orderly manner. We should establish and improve the governance framework for secure development, deployment, and application of artificial intelligence, and promote high-quality development of digital finance. We must strengthen tech enablement, and launch the high-quality construction of “Jianjian Engineering” to build solid support for financial regulation with regulatory technology, continuously enhance the regulatory digital and intelligent level and the ability to conduct penetrating oversight, and effectively improve the quality and effectiveness of strong and strict regulation. (Source: PANews)