China's financial digital transformation has been in a mature stage of development right

China's financial digital transformation has been in a mature stage of development, the current digital transformation of China's financial industry has entered a four-phase overlapping stage, at the end of informatization, the maturity of mobility, the growth of openness, and the exploration of intelligence. Regulatory policies have an important impact on fintech changes. He mentioned the Financial Technology Development Plan (2022-2025) issued by the People's Bank of China (PBOC) and the Guidance on Digital Transformation of the Banking and Insurance Industry issued by the CBI, both of which point out the direction and set high requirements for digital transformation of financial institutions. He believes that there are seven key directions for the digital transformation of financial institutions: first, optimize the strategic layout; second, innovate the organizational structure; third, consolidate the data foundation; fourth, enhance the technical capabilities; fifth, improve the business scenarios; sixth, strengthen risk control; and seventh, consolidate the development of the ecology.