China News Online, December 5th (Reporter Yin Liqin) Innovation pilots, group standards, industrial carrying areas... On December 4th, the 3rd Shanghai Financial Technology International Forum and the 1st Yangtze River Delta Finance hosted by the Shanghai Financial Technology Industry Alliance At the Science and Technology Conference, a number of blockbuster projects were launched and released together, and the construction of the Shanghai Financial Technology Center once again played a "combined punch".
At the forum, Shanghai Local Financial Supervision Bureau and Shanghai Securities Regulatory Bureau jointly launched the capital market financial technology innovation pilot (Shanghai).
This is another important fintech pilot project that has landed in Shanghai after the People’s Bank of China’s financial technology innovation supervision and digital renminbi pilot project. Shanghai once again ushered in an opportunity for the first trial.
At present, Shanghai has gathered a number of important capital market infrastructures such as the Shanghai Stock Exchange, Shanghai Futures Exchange and China Financial Futures Exchange, forming a relatively developed capital market system. At the same time, Shanghai has established a science and technology innovation board and piloted the registration system to accumulate Rich experience in reforms has laid a solid foundation for further innovation and exploration in the capital market.
Now the implementation of this capital market version of the "regulatory sandbox" will undoubtedly give better play to Shanghai's creativity in the field of financial technology.
Yao Qian, director of the Science and Technology Regulatory Bureau of the China Securities Regulatory Commission, said that the capital market financial technology innovation is in an important period of development opportunities. The promotion of this pilot work in Shanghai will better give full play to the empowering role of financial technology and promote the development of my country’s capital market and securities and futures industries. The real economy provides high-quality financial services, and fully supports Shanghai to become a central node of the domestic big cycle and a strategic link between the domestic and international double cycles, and provides Shanghai experience and Shanghai wisdom for the industry's financial technology practice.
"The launch of the pilot program in Shanghai not only reflects the recognition and support of the China Securities Regulatory Commission for the construction of Shanghai's capital market, but also provides a good opportunity for Shanghai to accelerate the construction of a financial technology center and promote the digital transformation of the city." Ge Ping, deputy director of the Shanghai Municipal Finance Bureau According to the introduction, the pilot program will be oriented to six types of core institutions in the Shanghai market, securities and futures operating institutions, and securities and futures service institutions. The focus will be on the promotion of big data, cloud computing, artificial intelligence, blockchain and other new-generation information technologies for various businesses in the capital market. Through the application and selection, publicity and supervision, exit summary and other work, supporting incentive mechanisms and fault tolerance mechanisms, guide the orderly development of financial technology in the capital market.
Shanghai has established a special working group for this purpose, and the pilot application work will begin soon.
The forum also released the group standard of "Credit Report Integration Service Specification for the Yangtze River Delta Credit Report Chain".
As the first financial organization standard jointly issued in the Yangtze River Delta region, the "Specification" aims to establish a mechanism for mutual recognition and interoperability of financial standards in the Yangtze River Delta region to provide business and security guarantees for the large-scale application of blockchain technology.
On the same day, the Longyang Road "Finance·Technology" industrial bearing zone jointly created by Shanghai Real Estate Group and Shanghai Financial Technology Industry Alliance also announced the start of construction.
The "Shanghai Fintech Equity Investment Fund" led by Shanghai International Group has also signed contracts with new investors and intended investment projects.
(over)