Qianhai a field-test for financial innovation

Innovation is making Qianhai's financial services more inclusive and accessible, as both the authorities and companies are revamping the traditional financial user experience with cutting-edge technologies.

Located in Shenzhen, Guangdong province, Qianhai is a pilot free trade area and a pioneer in driving the development of the Guangdong-Hong Kong-Macao Greater Bay Area. It is also the country's biggest center for financial innovation, and has made financial services its pillar industry. Over 59,000 financial firms had been set up in the zone by the end of April this year.

"Financial innovation is a top priority for Qianhai," said Du Peng, director of the Authority of Qianhai. "We will accelerate efforts promoting the further opening-up of the financial sector and encourage greater innovation to form a well-rounded financial ecosystem."