Officials in charge of relevant departments of the China Banking and Insurance Regulatory Commission answer questions from journalists about the Implementation Plan for High-Quality Development of Digital Finance in the Banking and Insurance Industry.

Recently, the China Banking and Insurance Regulatory Commission issued the "Implementation Plan for the High-Quality Development of Digital Finance in the Banking and Insurance Industry", and the relevant officials from the commission answered questions from reporters. The official stated that the plan will include the transformation of digital intelligence in regulatory processes as a key focus of digital finance, and outlined the main measures to enhance the digital intelligence in regulatory capabilities. In terms of process optimization, the plan proposed to significantly improve the digital and intelligent level of key regulatory processes such as market access, non-face-to-face supervision, on-site inspections, and administrative penalties, utilizing data technology to fully leverage the value of data elements, and comprehensively supporting the construction of the "five major regulatory capabilities". In terms of technological empowerment, the plan emphasized the application of artificial intelligence and big data technology, enriching the toolbox of comprehensive supervision tools, enhancing the foresight of financial risk monitoring and warning, and improving the ability to identify risks early, issue early warnings, early exposure, and early disposal. The official also mentioned that in the construction of regulatory big data, through the construction of regulatory reporting "one-table passage", the plan aims to achieve unified standards, collection, and management of regulatory data to enhance the completeness, accuracy, and timeliness of regulatory data; diversifying the sources of big data, fully utilizing data elements in strengthening risk monitoring and dynamically capturing abnormal behaviors of market entities. In terms of regulatory infrastructure, integrating and strengthening computing resources, optimizing network architecture, strengthening security protection, and intelligent operation and maintenance systems to provide a secure and reliable infrastructure guarantee for the digital intelligence transformation of supervision. The plan specifically pointed out that the digital transformation of supervision requires the support of a talent system, proposing the cultivation of talent who understand technology, data, and regulatory business, enhancing the data modeling and analytical capabilities of regulatory personnel through systematic training, focusing on strengthening the application capabilities of intelligent tools, and building a team of intelligent supervisory talents.