China’s financial sector has made major strides in innovation and stability during the 14th Five-Year Plan (2021-2025), officials revealed at a high-profile press conference hosted by the State Council Information Office (SCIO) on Monday. 🌍 Key regulators, including People’s Bank of China Governor Pan Gongsheng and National Financial Regulatory Administration head Li Yunze, highlighted achievements in fintech, green finance, and cross-border economic cooperation.
💡 "We’ve built a more resilient financial system while accelerating digital transformation," said Pan, noting breakthroughs like the digital yuan rollout and AI-driven risk management tools. Meanwhile, China Securities Regulatory Commission Chair Wu Qing emphasized efforts to attract overseas investors while maintaining market stability.
🚀 Key milestones:
- Fintech adoption up 40% since 2021
- Green loans surpassing $5 trillion USD equivalent
- Digital yuan used in 95% of Chinese cities
With global markets watching, these reforms could reshape how Gen Z invests, travels, and engages with Asia’s economic powerhouse. 🌏💸
Reference(s):
China’s SCIO holds presser on financial sector’s progress during 14th FYP period
cgtn.com