The People’s Bank of China has commented on the country’s “Fintech Development Plan” (2022 to 2025). The PBC states that the plan is formulated in accordance with the “Fourteenth Five-Year Plan for National Economic and Social Development of the People’s Republic of China and the Outline of Long-Term Goals for 2035“. The PBC says that it uses Xi Jinping’s Thoughts on Socialism with Chinese Characteristics for a New Era as a guide. The plan outlines eight key tasks. These are outlined as follows [translate]: - The first is to strengthen financial technology governance, comprehensively shape digital capabilities, improve the financial...