According to previous reports, on December 5, the Beijing Municipal Financial Supervision Bureau stated that it would take the lead in launching a fintech innovation supervision pilot nationwide with the guidance and support of the central bank, and explore the construction of a prudent and inclusive Chinese version of the "regulation sandbox." Zeng Zhicheng, deputy director of the central bank's business management department, revealed that 46 fintech pilot projects have been approved, involving 77 participating institutions and enterprises. A reporter from Beijing Business Daily noted that the Beijing financial technology application pilot mainly represented the latest achievements of cutting-edge financial technology such as big data, cloud computing, artificial intelligence, and blockchain. The application pilot units mainly involve government departments, public institutions, commercial banks, and Internet giants. Analysts said that the “regulatory sandbox” is an effective tool at present, but at the same time, there are still legal gaps related to the frontier fintech field in the supervision of the financial field. In these fields, The level of laws and regulations still needs to be continuously explored and followed up.