PBOC to strengthens technological support development of digital central bank

The People’s Bank of China 2020 video conference on scientific and technological work was held in Beijing on May 18.
In the meeting, it was requested that the central bank should strengthen technological support, deepen the construction of a “digital central bank”, and improve the level of financial services and supervision.

The People’s Bank of China 2020 video conference on scientific and technological work was held in Beijing on May 18.

In the meeting, it was requested that the central bank should strengthen technological support, deepen the construction of a “digital central bank”, and improve the level of financial services and supervision.

The central bank should strengthen the overall guidance of internet security and informatization in the financial industry, promote cryptographic applications and innovative developments, and build strong protection on financial internet security.

The central bank should also promote the high-quality development of financial technology, enhance financial services to the real economy, and promote the application of LEI to improve the governance level of financial standards.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/20/pboc-to-strengthens-technological-support-development-of-digital-central-bank/.

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