Central Bank: will introduce policy documents to deepen the use of financial technology to promote the digitalization and intelligence transformation of finance.

On June 24th, the National Bureau of Statistics held the second "Data Elements " series press conference. Zhou Xiangkun, the deputy director of the Science and Technology Department of the People's Bank of China, stated at the conference that the People's Bank of China will research and formulate a new stage of financial technology development plan. They will issue policy documents to deepen the use of financial technology to promote financial digitization and intelligent transformation. They will also collaborate with the National Bureau of Statistics to conduct pilot projects of "Data Elements ", guiding financial institutions to leverage the advantages of financial big data and diverse application scenarios under the premise of safety and compliance. This aims to enhance data infrastructure capabilities, activate the data engine, and implement the "five major initiatives" in finance.