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Development Status of Financial Technology in China
Current situation of financial technology development in China: At present, the long-term and normalized institutional framework and supervision mechanism in the field of platform economy and financial technology have basically taken shape. Although the financial technology industry has experienced the baptism of wind and rain, as long as it firmly grasps the strategic goal of national development and conforms to the general trend of economic and social development, it will certainly regroup and start again.

Financial technology should continue to deepen the service of small and micro inclusive finance. Entering a new stage of high-quality development, financial technology will deeply cultivate micro-inclusive finance services, and will focus on how to further reduce the cost of financial services and realize the differentiated development path of integration with traditional financial institutions from simply improving the speed, efficiency and accessibility of financial services.

Rural revitalization strategy provides an important development stage for financial technology. With the emergence of new forms such as e-commerce and commodity live broadcast, financial technology enterprises began to actively lay out the county economy and improve the coverage of financial services in the whole countryside and counties through digital financial services.

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Under the background of promoting common prosperity, the inclusive wealth management market has a huge development space, and both commercial banks and fund companies have issued a variety of inclusive wealth management products.

Together with local governments, financial technology enterprises have carried out various forms of cooperation between enterprises and local governments, providing services such as provident fund, medical care, environmental protection, taxation, civil affairs, education and various living expenses, which greatly improved the efficiency of government services.