Liao Yan, deputy minister of the Ministry of Finance of China at the Boao Asia ForumIt is said that regulatory technology must be done together with fintech, so as to find potential risks.
According to the surging news report, Liao Yan attended the "Financial Infrastructure and Financial Services" round table at the "Digital Age of Digital Age" at the 2023 Boao Forum Annual Conference on Friday (March 31).
In the process of the rapid development of AI, blockchain, cloud computing, big data, etc., Liao Yan mentioned the three issues that should be considered by the official currency and the central bank, including the integration of technology and finance., Release the potential and digital of financial data.
Liao Yan believes that technology will definitely change the financial industry, but it will not change the finance itself. Regulatory technology must go together with fintech, so as to find potential risks and better promote the digitalization of finance.
He mentioned that there are massive data in the financial industry, but how to release the potential of these financial data well, carry out data management and data governance, and use these data to promote development is worth considering.
Liao Yan said that the digitalization of the financial system or the digitalization of finance is an ecosystem. It must be adaptable and tough, and consider what the nutrients of the digital financial ecosystem are.
Liao Yan also said: "In the future, (China) domestic on the one hand to establish digital finance and infrastructure, including digital payment, digital currency, and computing computing power. At the same timeHow to build soft power and people's strength so that people can fully understand technology and finance to ensure that our direction is correct. "
The international challenges brought by financial digitalization, Liao Yan reminded that in the future financeInfrastructure may be divided and fragmented.On the one hand, technology is constantly developing in a variety of days. Various countries and companies may introduce different standards, with regional, state, or international standards.How China establishes its own infrastructure on the one hand, and can also deeply intervene in international cooperation and coordination, not a problem that financial supervision can be solved.
At the same round table, Zhou Xiaochuan, the former president of the People's Bank of China, commented on digital currency.He reminded, "The definition of digital currencies should not only respect me alone, and don't be so anxious, just want to win. So far, every three to five years, the changes in technical changes and changes in various aspects will cause great changes in the situation."" ".
