Officials in charge of the relevant departments of the China Banking and Insurance Regulatory Commission answered questions from reporters regarding the implementation plan for high-quality development of digital finance in the banking and insurance industry.

Intelligence Finance App learned that recently, the Financial Regulatory Bureau issued the "Implementation Plan for the High-Quality Development of Digital Finance in the Banking and Insurance Industries", and relevant bureau leaders answered questions from reporters. The responsible person stated that the "plan" will incorporate the digitization and intelligence transformation of supervision into the key tasks of digital finance, clarifying the main measures to enhance the digitization and intelligence of supervision. In terms of process optimization, the "plan" proposes to significantly improve the digital and intelligent levels of key supervision links such as market access, off-site supervision, on-site inspections, and administrative penalties, using data technology to fully utilize the value of data elements, and comprehensively support the construction of the "five major supervision" capabilities. In terms of technological empowerment, efforts will be made to increase the application of artificial intelligence and big data technology, enrich the toolbox for penetrative supervision, improve the forward-looking monitoring and early warning capabilities of financial risks, and enhance the ability to recognize risks early, warn early, expose early, and address early.