China’s central bank issues financial technology dev plan

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China has released a plan for the development of financial technology from 2022 to 2025 under efforts to spur the digital economy with an improved modern financial system, according to the country’s central bank.

The plan, released by the People’s Bank of China, stressed the importance of the role of digital technology in financial services and business operations.

It outlined major tasks in eight areas, including strengthening financial technology governance, boosting data capacity, building green data centers with high availability, and deepening the application of digital technology in the financial sector.—Xinhua

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