TechFlow news: On November 27, according to an official announcement, the People's Bank of China jointly with seven other departments including the National Development and Reform Commission and the Ministry of Industry and Information Technology released the "Action Plan for Promoting High-Quality Development of Digital Finance." The plan explicitly states that it will accelerate the digital transformation of financial institutions, improve the digital finance governance system, and advance development in key areas such as technology finance, green finance, and inclusive finance.
The plan calls for continuously improving the acceptance environment for digital RMB, expanding application scenarios, and strengthening anti-money laundering supervision over digital financial services. It also emphasizes cultivating a high-quality financial data market and enhancing emerging infrastructure related to digital finance. The central bank stated it will establish a coordinated working mechanism with relevant departments, aiming to basically build a modern financial system suited to the development of the digital economy by the end of 2027.
