Poverty alleviation and school disputes on agenda

Plan aims to make China a world fintech leader

China will build a fundamental policy framework for technology-driven financial innovation by 2021 to promote the country as a world fintech leader, according to a plan released by the People's Bank of China on Thursday.

It listed key development targets and tasks for fintech from this year to 2021, aiming to improve the quality of financial services, strengthen regulation of technology-driven innovations, and prevent systemic financial risks.

According to the plan, fintech will be the "new engine" for high-quality development of the country's financial industry.

The plan also requires the prevention of risks related to the application of new technology. Fintech should be used to curb and tackle cross-market and cross-regional financial risks, while at the same time enhancing cybersecurity and financial information protection.