Zhou Xiaochuan: Distributed ledger technology will bring opportunities to the financial industry, financial supervision must keep up with the pace of global economic and financial innovation

This morning, the opening ceremony of the 16th Annual Global Conference (F20 Summit) of the International Finance Forum (IFF) was held in Guangzhou. Zhou Xiaochuan, former president of the People's Bank of China, said that he hopes that financial supervision must keep pace with global economic and financial innovation. The world is now experiencing a period of unprecedented opportunities for technological development that rebuilds global financial infrastructure and connectivity. Financial technology will also bring many opportunities to the global financial industry, such as Internet payment and distributed ledger technology, and experts need to discuss these new trends in more depth.