Central Bank: The Central Bank's innovation platform will be led by digital currency exploration

On March 30, 2017, the People's Bank of China held a science and technology work conference in Yangzhou, Jiangsu. The conference comprehensively summarized the science and technology work of the People's Bank of China in the past few years, deeply analyzed the new situation and new requirements facing the current financial science and technology work, and made arrangements for the science and technology work in 2017. Fan Yifei, member of the Party Committee and Deputy Governor of the People's Bank of China, attended the meeting and delivered a speech.

The meeting fully affirmed the progress made by the People's Bank of China in its scientific and technological work in the past few years. The cadres and staff of the People's Bank of China's scientific and technological front have worked together and made remarkable achievements, which have strongly supported the central bank in performing its duties: the central bank's information infrastructure has been continuously improved, the information system construction has been continuously improved, the security guarantee capability has been steadily improved, the financial standardization has achieved remarkable results, the management of mobile finance and payment technology has been continuously strengthened, and the application demonstration effect of advanced technologies has gradually emerged. Financial technology plays an increasingly important role in the national economy and has become an important means and solid foundation for ensuring and promoting the "innovation, coordination, green, openness and sharing" development of my country's financial industry.

Fan Yifei pointed out that the current scientific and technological work of the People's Bank of China faces new situations and challenges. First, the widespread application of new technologies has impacted traditional technical architectures, profoundly changed social production and people's lifestyles, and brought unprecedented changes to the financial sector. Second, the rise of new financial formats requires the central bank to continuously improve its ability to perform its duties and accelerate the development and application of various new regulatory technical means. Third, the network security situation is severe, and the financial infrastructure managed and operated by the central bank is extremely important. Its security status is related to the interests of the people, financial stability and national security. Fourth, the new normal of the economy requires financial technology to further assist financial reform and opening up, and better support the implementation of policies such as supply-side structural reform, two-way financial opening up, green finance and inclusive finance.

Fan Yifei emphasized that in the coming period, the central bank's technological work should aim at building a digital central bank, focusing on building a professional, compound, learning and innovative central bank financial technology team; achieving two breakthroughs in architectural transformation and big data utilization; improving the three systems of risk prevention and control, scientific and technological governance, and technology research and development, and building a central bank decision-making platform supported by big data, a central bank service platform with distributed systems as the core, and a central bank innovation platform led by digital currency exploration.

Fan Yifei required that all cadres and staff of the People's Bank of China's science and technology front should thoroughly implement the spirit of the People's Bank of China's work conference, adhere to the principle of seeking progress while maintaining stability, and unswervingly accelerate the transformation of the structure; strive to use big data to improve the ability to implement precise policies; focus on production safety and establish a sound IT risk prevention and control system; strengthen science and technology governance, establish an advanced and efficient management, construction and operation system; strengthen learning and research, and improve the foresight of science and technology work and industry guidance capabilities. Under the leadership of the Party Committee, science and technology departments at all levels should strengthen the construction of the cadre team, clarify ideas, work hard, and strive to create a new pattern of science and technology work of the People's Bank of China, and present practical achievements to the 19th National Congress of the Communist Party of China.

Relevant departments and units of the People's Bank of China, as well as responsible persons in charge of science and technology work of various branches attended the meeting. (End)