TechFlow news: The Shanghai Municipal Government Press Office held a press briefing to introduce the recently issued "Action Plan for High-Quality Advancement of Shanghai's Global Financial Technology Center Construction" (hereinafter referred to as the "Action Plan"). He Weili, Deputy Director of the Technology Supervision Division of the Shanghai Financial Regulatory Bureau, stated that the bureau will focus on three key initiatives. First, promoting innovative fintech applications in banking and insurance sectors. Going forward, the Shanghai Financial Regulatory Bureau will guide local banks and insurance institutions to strengthen the innovative application of financial technology, supporting them in leveraging technologies such as artificial intelligence, blockchain, IoT, and big data to drive product and service innovation, thereby offering customers more personalized, diversified, and customized financial products.
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