Reported 3 months ago
FSC Chairman Peng Jun-long announced five strategies to accelerate fintech development, including expanding room for error and encouraging innovation, establishing fintech alliances, allowing financial institutions into virtual assets, restarting pure online insurance applications by year-end, and leading fintech development. Peng emphasized the need for a 'wolf-like husky' approach, promoting collective investment in startups to break down territorialism and benefit both financial and technology industries. Other initiatives include exploring opportunities for asset tokenization, enabling banks to engage in virtual asset development, and supporting digital financial growth. The goal is to foster collaboration and drive innovation in the financial sector.
Source: YAHOO