The CBRC issued guidance on the development of the banking and insurance industry, mentioning the encouragement of the use of blockchain and other technologies

On January 4, the CBRC issued guidance on promoting high-quality development of the banking and insurance industries. The opinion stated that bancassurance institutions and bancassurance institutions should consolidate the information technology foundation and establish an organizational structure, incentive mechanism, Operating model, and make a good reserve of related technologies, data and talents. Make full use of emerging technologies such as artificial intelligence, big data, cloud computing, blockchain, and biometrics to improve service quality, reduce service costs, and strengthen business management.