Ai Xuefeng, Vice Chairman of Shenzhen City Council: Shenzhen Wants to Establish Platform for Global Digital RMB Cooperation

The Shenzhen 2021 Financial Development Advisory Committee plenary meeting will be held at the Civic Center. At the meeting, Ai Xuefeng, deputy secretary of the Shenzhen Municipal Party Committee, said that Shenzhen will actively seek to reform, innovate and develop the financial sector, and promote the development of the Shenzhen financial center.

Improve cross-border financial services and research and support the development of sandboxes for border surveillance in the Guangdong-Hong Kong-Macao Greater Bay area.

1. Steadily improve financial performance, actively seek political support, encourage innovation in financial companies, and seek lending level model with Silicon Valley Bank.

2. Improve compliance with the supervision of private funds, strictly control additional risks, continuously resolve existing risks, and improve the level of improvement of standards in the industry.

Three,Establish a global digital RMB partnership, study the development of digital trading platform, and explore the application of digital RMB and digital trading resources.

4. Encourage the development of financial training procedures and provide good financial skills for the negative aspects of financial development of Shenzhen or countries participating in international financial competition.

5. Accelerate the development of financial ecosystems, promote the integration and sharing of “governmental, commercial and financial” information, and solve the difficult and costly problems of small and medium-sized enterprises (SMEs).

6. Perform all kinds of rapid research on important technologies of financial industry, constantly strengthen the development of underlying capital, establish a good digital base, and create a new environment for financial development and innovation.

7. Work to support the establishment of wealth management agencies, promote the growth of private capital, guide the development of public investment funds, and improve pensions to improve quality of life and financial management.

8. Work towards the creation of a financial legal environment for the stable development of the financial system.