Ministry of Finance: It is estimated that the national financial technology expenditure during the 14th Five-Year Plan period will reach 55 trillion yuan.

Wang Dongwei, Deputy Minister of Finance, stated at a press conference held by the State Council Information Office on the 12th that during the "14th Five-Year Plan" period, national financial science and technology expenditures are expected to reach 5.5 trillion yuan, an increase of 34% compared to the "13th Five-Year Plan" period. The funds will be mainly invested in basic research, applied basic research, and national strategic science and technology tasks. Among them, the cumulative investment in basic research will reach 730 billion yuan, with an average annual growth rate of 12.3%. Financial investment will drive the rapid growth of R&D investment in the whole society, with the investment intensity increasing from 2.41% at the end of the "13th Five-Year Plan" to 2.68% by 2024, and the scale of R&D investment will remain in the world's second place.