The General Office of the China Banking and Insurance Regulatory Commission (CBIRC) issued the "Implementation Plan for High-Quality Development of Digital Finance in the banking and insurance industries"

The main goal of the development of digital finance in the banking and insurance industry in the next five years is to make positive progress in digital transformation, significantly enhance the driving support capability of digital technology and the value transformation capability of data elements, and make significant progress in digital finance governance, digital finance services, digital technology applications, data element development, and digital risk prevention and control; deeply explore and tap into innovative application scenarios of digital technology and data elements, continuously improve the quality and efficiency of financial services in key areas such as technology, green finance, inclusive finance, and pension services, increase financial support for major strategies, key areas, and weak links, form a number of replicable and promotable good practices of digital finance, promote more optimized resource allocation, and promote the expansion, improvement, and efficiency enhancement of financial services; efficiently promote the digital and intelligent transformation of supervision, enhance supervision penetration capability, fully support the construction of the "Five Big Supervisions" capacity, and help financial supervision become more strict and effective.