China's National Financial Regulatory Administration issued guidance on the
secure development and deployment of AI in banking and insurance, calling for
construction of an industry AI-application ecosystem and the development of AI
application infrastructure to enable cross-sector sharing and reuse of AI
outputs. The guidance urges large financial institutions to act as demonstrators
and export AI technology and governance experience to smaller firms, supports
collaboration among small and medium-sized institutions to accelerate scenarios
implementation, and encourages closer coordination with the AI industry so
financial applications drive industrial innovation and industrial results improve
financial application quality and efficiency.
