TechFlow News – The 4th China Internet Finance Forum 2020 was held in Beijing today. At the event, Zhang Jinsong, Secretary-General of the Beijing Municipal Government, stated that Beijing will deepen financial scenarios and real economic applications by building fintech application demonstration zones. The city will leverage opportunities presented by events such as the Winter Olympics to advance fintech innovation in areas like digital currency and enhance the service delivery and scalability of pilot projects. Previously, relevant departments of the State Council formulated plans for Beijing’s National Pilot Program for Comprehensive Expansion of Service Industry Opening and its Free Trade Zone, including initiatives such as establishing a pilot zone for legal digital currency and a digital finance system, supporting financial institutions and large technology companies in setting up fintech firms, and building fintech application scenarios. These measures create favorable conditions for Beijing to promote fintech innovation and digital transformation in the financial sector.
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