"The 14th Five-Year Plan for the Improvement of Shenzhen's Financial Sector": Supporting Global Cooperation and Internationalization of Financial Investment by Digital Renminbi

On January 14, the Shenzhen City Financial Bureau announced "The 14th Five-Year Plan for the Shenzhen National Economic Development Strategy and Agenda for 2035". ")." Plan” developed and improved the “14th Five-Year Development Plan” of Shenzhen and its long-term goal for 2035 in terms of overall size, financial structure and construction of the “four centers”.

"Plans" pointed out that Shenzhen's aviation financial transformation will be faster. Among them, it completed the banking financial technology development monitoring project and completed the first external management project in Korea.

Among the key activities and developments, the main objectives are:Make new applications for finding digital currency and mobile payments.

to wantPlay the role of the Central Bank Digital Currency Research Institute Shenzhen Sales Center platform, support the development of new high-tech technology platform, complete new applications such as value-added research on digital and mobile payments, and the new power of new technologies, etc... . Create a new generation of key financial processes with mobile payments and secure terminal interfaces with digital wallets.

Continue to support the renminbi pilot project, continue to strengthen the beneficial digital application scenario, establish a legal digital currency innovation pilot environment, and promote international cooperation and implementation across the border of the digital renminbi .

He also pointed out that the "plan" will frequently inform major international financial institutions and real estate companies, help foreign companies qualify for the acquisition of approved market capitalization in Shenzhen in accordance with rules and regulations, and encourage foreign investors to invest in local businesses. the bank.

He pointed out that the "plan" focuses on key issues such as payment and settlement, registration and storage, credit rating, information management, etc. Discover the use of new technologies, the security and improvement of "win-win" financial technology enterprise data, risk prevention and innovation. . Support the design of the financial banking blockchain platform of the People's Financial Corporation of China, further improve the multi-level credit chain, cross-border finance, international financial supervision and other functions, and strengthen the industry scenarios. It promotes the integration of financial and human health services, strengthens the integration and use of information across industries, promotes demand and advocacy, implements financing programs in healthcare, transport, community and other urban services, and develops design standards. . Financial equipment helps businesses and individuals.

The "Plan" underlines the need for research and development of new cross-border financial management. Strive to strengthen the central financial institution, improve communication and cooperation with financial institutions in Hong Kong and Macao, and explore the first cross-border financial exchanges with the "sandbox monitoring" business model in Qianhai and Shenzhen-Hong. Establish a model zone to oversee financial innovation, such as the Hong Kong Science and Technology Innovation Cooperation Zone. Improve the monitoring and evaluation process of cross-border investment, continue to promote exchanges and cooperation with Hong Kong and Macao in the fields of financial and technological management, and improve early warning capabilities and prevent cross-border financial risks . We will further support the "distribution, management and service" transformation of foreign exchange management, establishing a basis for risk management, monitoring and management of cross-border investments, strengthen ad hoc and monitoring, and promote ease border crossings. Trade and investment based on security and financial security of foreign trade.

The "Plan" outlines key strategies and measures related to the development of Shenzhen's financial economy during the "14th Five-Year Plan" under eight aspects.

The first is to facilitate the transformation, expansion and opening of financial markets across the country and play an important role in the national strategy, the second is to focus on economic development, improve financial distribution and develop the financial system. Global Innovation Capital Formation Center, the third is to promote the innovation ecosystem, optimize the financial technology innovation chain, and establish a global financial technology center. The fourth is to foster cross-border innovation, accelerate the supply of high-end equipment, and establish a global enterprise management center, the sixth is to focus on organizing and promoting, adopt “financial” strategies and build a successful business. The seventh is to use tracking research as a way to prevent and address major financial risks. Create a safe environment for financial services, strengthen central services, build a global economy, and strengthen the selling power of financial institutions.