The CSRC first set up the Technology Supervision Bureau, and former central bank Yao Qian is expected to serve as director

According to financial news, the China Securities Regulatory Commission is setting up a new functional department, the Science and Technology Regulatory Bureau. According to a person close to the Securities Regulatory Commission, a reporter from Caijing said that Yao's previous announcement of his appointment has been publicized in the securities regulatory system. Yao Qian was highly concerned by the market, partly due to his contribution to the research and development of the central bank's digital currency, and partly due to his in-depth research on fintech, especially blockchain.