Chinese Central Bank Drafting Guidance and Execution Cases for Fintech Development Plan
The People’s Bank of China (PBOC) says it’s working on supplementary documentation for the three-year fintech development plan it released last year.
Li Wei (李伟), head of PBOC’s fintech department, said it was currently researching and drafting implementation cases and guidance for the “Fintech Development Plan (2019 – 2021)” (金融科技（FinTech）发展规划（2019-2021年）) it released in August 2019.
According to Li this is for the purpose of “providing further support to the establishment of a development monitoring index system, optimising strategic arrangements, diagnosing industry trends, and breaking through development difficulties.”
Li made the remarks at the 2020 Lujiazui Forum that was held in Shanghai from 18 – 19 June.
In August 2019 PBOC released its Fintech Development Plan (2019 – 2021) outlining “guidance ideology, basic principles, development targets, key missions and guarantee mechanisms” for fintech work over the upcoming three years.