China Finance 40 Forum (CF40) has Officially Released the CF40 China Smart Finance Development Report 2020
The report released for the first time the "China Smart Finance Development Index" led by Xu Xianchun, CF40's academic advisor and former deputy director of the National Bureau of Statistics. According to the index, the level of smart finance development in China varies greatly between regions, with a few provinces pulling ahead of the whole country mean level; the top 10 smart finance regions account for 8 of the eastern coastal provinces, while some inland provinces in the west have a relatively low level of development.
The first echelon (leading type) includes Beijing and Shanghai. In the future, as the Beijing-Tianjin-Hebei synergistic development and the Yangtze River Delta regional integration strategy are further promoted, Beijing and Shanghai will further enhance in terms of intelligent financial policy support and talents and enterprises attractive force such as artificial intelligence and big data.
The second echelon (potential type) is concentrated in the developed eastern provinces and some prominent provinces in central and western China. The developed eastern provinces will focus on serving the real economy and improving consumer satisfaction in the future; Chongqing and Sichuan in the west will further strengthen the foundation in terms of smart financial development performance and ecological environment in the future.
The third echelon (developmental type) is concentrated in the central and northeastern provinces. These provinces are facing problems such as economic structure optimization and will further deepen financial supply-side reform in the future.
The fourth echelon (catch-up type) mainly includes the more economically backward provinces in the southwest and northwest. These provinces will invest more in the construction of digital infrastructure in the future.
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