China issues five-year plan for financial standardisation

Photo taken on June 21, 2018 shows a view of the Lujiazui area in Shanghai, east China. - Xinhua

BEIJING (Xinhua): China's financial regulators have issued a plan to advance standardization of the financial sector over the 14th Five-Year Plan period (2021-2025).

The authorities plan to improve standardization in a wide range of areas, including supervision, risk prevention, financial technology, green finance and digital currency, with the goal of basically establishing a financial standard system that fits modern finance in 2025.