The People's Bank of China (PBOC) convened the Fintech Development Awards review leadership group meeting, with participation from the China Securities Regulatory Commission (CSRC), and confirmed the results of the 2024 awards, recognising 290 winning projects. The meeting positioned the awards as a tool to incentivise financial-sector innovation and set out priorities for strengthening fintech investment and secure digital infrastructure. The 290 awarded projects comprised 1 grand prize, 18 first prizes, 103 second prizes, 148 third prizes and 20 special awards, spanning themes including domestically controllable technology, integration of business and technology, digital and intelligent transformation, and risk prevention and control. The meeting called for continued increases in fintech投入 and innovation, faster development of an autonomously controllable, secure and efficient financial infrastructure system, higher levels of digitalisation and intelligent capability, and adherence to security baselines while using technology innovation to improve the quality and efficiency of financial services. It also set an expectation to further strengthen the awards’ demonstration role by optimising award categories and the assessment mechanism to better align with evolving financial and technology integration.

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