Hainan Provincial Financial Bureau: Will actively explore the introduction of the regulatory sandbox model

At the high-end forum on the construction of Hainan International Offshore Innovation and Demonstration Demonstration Zone this morning, Chen Yang, director of the local financial supervision bureau of Hainan Province, said that Hainan will learn from international financial experience, establish a fault tolerance mechanism, and work hard to create an orderly Environment, firmly hold to the bottom line of financial risks, fully handle the relationship between development and security, and let FinTech better serve the real economy. At the same time, we will further delineate the regulatory bottom line, strengthen the use of financial regulatory technology, and promote the introduction of a regulatory sandbox model in Hainan through digital encryption and blockchain models.