Focus on Arts and Ecology

February 11, 2022 

China's financial regulators issued a plan to advance standardization of the financial sector over the 14th Five-Year Plan period (2021-2025) on Tuesday, aiming to establish a financial standard system to fit modern finance by 2025.

Here's what it means: 

• In this case, China will improve the monitoring and early warning of financial risks, especially in internet finance. Efforts will be made to guide the use of technologies, including cloud computing, big data, and artificial intelligence.
• The utilization of financial data will also be under better management to ensure the protection of public security, business secrets, and personal privacy.