Abstract: To build China as a digital financial powerhouse, we need to focus on four main areas. First, we must promote the digital transformation and upgrade of financial institutions, effectively carrying out supply-side reforms in the financial sector. Second, we should vigorously develop industrial digital finance and cross-border digital finance to better support the real economy and achieve a dual circulation of finance both domestically and internationally. Third, the emphasis should be placed on the driving effect of artificial intelligence on digital finance, pushing digital finance companies into a new stage driven by technological innovation. Fourth, we need to establish mechanisms that encourage financial innovation, providing institutional support for continuous innovation by financial institutions.
