China Banking and Insurance Regulatory Commission: The main goal for the development of digital finance in the banking and insurance industry in the next five years is to make significant progress in digital transformation.

According to the Securities Times app, on December 26, the General Office of the China Banking and Insurance Regulatory Commission issued a notice on the implementation plan for the high-quality development of digital finance in the banking and insurance industries. The notice proposes that in the next five years, the main goal of the development of digital finance in the banking and insurance industries is to make positive progress in digital transformation, significantly enhance the driving support capability of digital technology and the value conversion capability of data elements, and make significant progress in digital financial governance, digital financial services, digital technology applications, data element development, and digital risk prevention and control.