The People’s Bank of China (PBOC) has released a new guidance policy for the development of the Chinese fintech sector until mid-decade. PBOC recently issued the “Fintech Development Plan (2022 – 2025)” (?????????2022-2025??), which “proposes guidance opinions for the development of fintech in a new era, and clarifies overall thought for the digital transformation of finance, as well as development targets, key missions and implementation guarantees.” The Plan highlights the development principles of “digitally driven, wisdom for the people, green and low carbon, fairness and inclusion,” while also calling for “strengthening the application of financial data as a factor of...