The peak body for the Chinese banking sector has highlighted the ability of 5G and Internet of Things (IoT) technology to have a transformative impact upon China’s financial ecosystem. Gao Feng (??), the chief information officer for the China Banking Association (CBA), said that as a new form of infrastructure development, 5G will have an extremely large influence upon artificial intelligence (AI), IoT, cloud computing, augmented reality (AR) and virtual reality (VR), serving to create new growth points for the digital transformation of the financial sector. Gao made the remarks on 17 May at the 5G and Smart Finance Conference…