Yin Li, Secretary of the Beijing Municipal Party Committee: Give full play to the advantages of Beijing's financial technology resources and build a global financial technology development highland

Written by Qi Mengzhu and Yang Qi

On the morning of January 6, the Municipal Party Committee's Theoretical Learning Center Group Learning (Expansion) Conference held a lecture on building a new development pattern, and invited Yao Qian, director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission and director of the Information Center, to give a guidance report on the development of financial technology. Yin Li, Secretary of the Municipal Party Committee, emphasized that financial technology is an important focus of global financial innovation and competition. It is necessary to give full play to the advantages of Beijing's financial technology resources, seize the opportunities of the "two districts" construction and the construction of a global digital economy benchmark city, continue to improve innovation capabilities, optimize industrial ecology, and make every effort to create a global highland for financial technology development. Yin Yong, deputy secretary of the municipal party committee and acting mayor, Li Wei, director of the Standing Committee of the Municipal People's Congress, Wei Xiaodong, chairman of the CPPCC, and Liu Wei, deputy secretary of the municipal party committee, participated in the study.

Yao Qian made an in-depth interpretation of my country's financial technology development status and international comparison, key elements and development trends of financial technology, and my country's financial technology development strategy, and made suggestions for the development of financial technology in Beijing.

The meeting pointed out that Beijing is not only a national financial management center, but also an international technological innovation center. It has the conditions and responsibility to be at the forefront of financial technology development. Beijing took the lead in carrying out pilot projects of financial technology innovation in the capital market and pilot projects of "regulatory sandbox". The construction of national financial technology demonstration zones has begun to take shape. A number of national financial infrastructures supporting the development of financial technology have been implemented one after another. Leading financial technology companies continue to emerge , initially forming a 100-billion-level industrial cluster. The construction of "two districts" and the construction of a benchmark city for the global digital economy have provided a strong impetus for the development of financial technology. It is necessary to seize the opportunity, take advantage of the situation, and consolidate and expand the leading edge.

The meeting emphasized that technological innovation is the cornerstone of the development of financial technology, and efforts should be made to improve innovation capabilities and expand more application scenarios. Make good use of industry-university-research resources, integrate forces from all parties to carry out joint research, and strive to achieve new breakthroughs in key underlying technology fields such as big data, blockchain, and artificial intelligence, and at the same time strengthen the tracking, research, and application of cutting-edge technologies. The national financial technology infrastructure is very important, and it is necessary to provide good services. Make good use of big data exchanges and consolidate the underlying data foundation. Application scenarios are the best catalysts. It is necessary to deepen the release and docking mechanism to support the promotion and application of fintech in inclusive finance, green finance, cross-border trade and other fields. Further expand the scope of application of digital renminbi.

The meeting emphasized that financial institutions and technology companies are the main force in the development of financial technology, and they must continue to optimize the industrial ecology and fully stimulate the vitality of market players. Support the digital transformation of various financial institutions, and implement financial technology innovation projects in accordance with laws and regulations. Targetedly do a good job in serving the vast number of financial technology companies, and cultivate a group of competitive financial digital transformation service providers. Make good use of the industry guidance fund to build a full-chain financial technology professional service system. Continue to improve the carrying capacity and international attractiveness of Jinke New District. Lize Financial Business District continues to make efforts in the innovation and development of digital finance. Strengthen international exchanges and cooperation, participate in the formulation of international standards, and hold digital financial forums well.

The meeting emphasized that the more developed, the more we must keep the bottom line of safety and strengthen prudential supervision. Continue to improve regulatory rules, innovate regulatory methods, and enhance regulatory capabilities. Strengthen the promotion and application of the results of the "two pilot projects", establish a multi-level risk prevention and control system, and effectively prevent and resolve financial risks.

The above content comes from Zhizheng