According to news on October 29, the General Office of the Shanghai Municipal People’s Government issued the “Fourteenth Five-Year Plan for Shanghai’s Comprehensive Promotion of Urban Digital Transformation” recently.

The plan proposes to promote new financial technology. Promote the efficiency of the financial industry through digitalization, enhance the service level of institutions, and enhance the convenience and inclusiveness of financial services.

Carry out digital renminbi pilot projects to expand offline and online payment, transportation, government affairs, and people’s livelihood applications. Deepen the pilot program of inclusive finance, implement the big data inclusive finance application 2.0 special project, inclusive financial loans have exceeded 200 billion yuan, and the number of service companies has doubled.

Extend the digital financial service model, accelerate the reshaping of the “headquarters” of financial institutions, innovate financial services at the fingertips, promote a number of “open banking” pilots, develop robo-advisors, and improve asset trading, payment and settlement, registration and custody, The level of intelligence in key links such as transaction supervision has promoted a high-level transformation of the financial market.

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Post time: Oct-29-2021