The People's Bank of China established the Financial Technology (FinTech) Committee to strengthen the research planning and overall coordination of financial technology work.

The central bank has affirmed financial technology to a certain extent. The central bank stated that financial technology is technology-driven financial innovation that injects new vitality into financial development and also brings new challenges to financial security. We are willing to join hands with all parties in industry, academia, and research to jointly promote the healthy and orderly development of my country's financial science and technology, and contribute to serving the real economy and practicing inclusive finance. The central bank researches, supervises and uses financial technology. Specifically, the central bank’s Financial Technology (FinTech) Committee has to do several things:

First, it will organize an in-depth study of the impact of the development of financial technology on monetary policy and financial markets. , financial stability, payment and settlement and other fields, and effectively implement strategic planning and policy guidance for my country’s financial technology development.

Second, further strengthen domestic and foreign exchanges and cooperation, establish and improve a financial technology innovation management mechanism suitable for my country's national conditions, properly handle the relationship between security and development, and guide the correct use of new technologies in the financial field.

Third, strengthen the application practice of regulatory technology (RegTech), actively use big data, artificial intelligence, cloud computing and other technologies to enrich financial supervision methods, and improve the identification and prevention of cross-industry and cross-market financial risks. and resolution capabilities.

In other words, for financial technology, the central bank must first study the impact of financial technology on traditional supervision, guide the healthy development of financial technology and rational use, and operate financial technology to improve regulatory capabilities. To sum up, the central bank's attitude towards financial technology is to hope that financial technology will not cause chaos to traditional macroeconomic management, that the positive role of financial technology can be fully exerted, and that financial technology should be fully utilized to assist supervision.