The People's Bank of China (PBOC) reported the selection of 297 projects for the 2025 Fintech Development Awards, compared with 290 in the previous annual review. The review meeting urged the financial sector to explore artificial intelligence applications in financial management and services while guarding against risks arising from model use.
Attended by PBOC Deputy Governor Zou Lan and China Securities Regulatory Commission Vice Chairman Liu Haoling, the meeting reiterated calls for greater fintech investment and technologies under domestic control. Priorities included improving those technologies’ usability and stability, strengthening data foundations and technology governance, and supporting risk prevention and supervision. The winning projects demonstrated advances in core technologies, intelligent applications that reshape business models, and integration of data and digital technologies. The awards included one grand prize, 19 first prizes and 20 microinnovation prizes.