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Another National-level Finance Reform and Innovation Pilot Project Approved - Jinan in Shandong Launches the Pilot Work of Financial Technology Innovation in the Capital Market

Source：The Seanews 06-29-2023 11:10:00

Following the Jinan Pilot Zone for Fin-tech Innovation Reform and the digital RMB pilot project, Jinan in Shandong has recently launched another national-level finance reform and innovation pilot work - the pilot project of financial technology innovation in the capital market.

On June 7 this year, China Securities Regulatory Commission (CSRC) issued the Letter on Supporting Jinan to Carry out the Pilot Project of Financial Technology Innovation in the Capital Market, which means Jinan has officially become a pilot city to innovate financial technology in the capital market. As the pilot city, Jinan selects institutions in the capital market and sci-tech enterprises for candidates of the pilot projects and focuses on the use of the new generation of information technologies such as big data, cloud computing, artificial intelligence (AI), and blockchain to empower various fields of business in the capital market. The work aims to serve the real economy, improve market efficiency, strengthen compliance risk control, and ensure financial security, so as to promote the digital transformation of institutions in the capital market such as securities companies, futures companies, and fund companies.