China adds a new city to their Fintech Initiative
Wednesday, 07 22 2020, Category: Technology, Country: China
The People's Bank of China has officially added Chengdu, the capital of China's Sichuan province, to the list of regions carrying out fintech innovation supervision pilots, according to local news on July 20.
Industry insiders believe that Chengdu's official approval will further accelerate fintech innovation and actively help Chengdu build a regional fintech center with international influence.
The city is reportedly focusing on big data, artificial intelligence, cloud computing, and blockchain technologies. It is accelerating the construction of local financial regulatory sandboxes to enhance local financial regulatory capabilities and service levels.