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

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ME News message, April 3 (UTC+8). The Party Committee’s Theoretical Study Center Group held a collective (expanded) study session by the General Administration of Financial Regulation. Li Yunze emphasized that we must focus on our core financial business and promote the development of a financial services system that is tailored to financing needs across the full life cycle of future industries, and provide targeted services to future industries such as artificial intelligence through technology-enabled finance, injecting new momentum into Chinese-style modernization. We must coordinate development and security, deeply understand and accurately grasp the development trends of artificial intelligence, and advance pilot applications of artificial intelligence in the financial industry in a steady, orderly manner. We must establish and improve the governance framework for the secure development and application of artificial intelligence, and promote the high-quality development of digital finance. We must strengthen technology empowerment: start the construction of the “JinJian Project” at high quality, build a solid foundation for financial regulatory technology support, and continuously enhance the level of regulatory intelligence and digitalization as well as the ability to conduct oversight with deeper visibility, so as to effectively improve the quality and effectiveness of strong and strict regulation. (Source: PANews)

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