Since the establishment of the Financial Technology Committee by the People’s Bank of China (PBOC) in 2017, China’s FinTech development has entered its second phase under the policy guidance of the “FinTech Development Plan (2022-2025)” issued by the PBOC. As a crucial innovative driver for the digital economy, FinTech innovation and application provide financial service guarantees for high-quality development. Digital infrastructure, represented by computing power and networks, forms the digital foundation for FinTech advancement. Innovations in technological architectures such as distributed systems and low-code development continue to meet the financial sector’s demand for agile development. Meanwhile, the deepening application of large models in finance and the continuous enhancement of data elements are accelerating the digital transformation of financial operations and management.
With the iterative upgrades in cutting-edge technologies and the gradual advancement of digital transformation in financial institutions, China’s FinTech market is projected to grow at a compound annual growth rate of approximately 12%, expected to exceed 580 billion yuan by 2027.
“29th FinTech Innovation Summit” will be held in Shanghai on August 21-22. The event will convene leaders from information technology departments, FinTech divisions, IT operations, software development, cybersecurity, digital finance, and data management departments of financial institutions including banks, insurance companies, securities firms, and fund management companies. Participants will explore the latest technological innovations and trends in the digital transformation of financial institutions in the AI era so as to find the best business partners.
