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