Hangzhou's draft 15th Five-Year financial development plan seeks designation as
a pilot city for AI application in the financial industry and aims to accelerate
AI commercialization in finance. The plan promotes fintech clustering,
encourages financial institutions and major tech firms to establish fintech R&D
centers and innovation platforms in the city, and calls for a digital
public-service platform for the securities and futures sector. It supports
multi-party fintech joint labs and incubators and backs financial institutions
and fintech firms to develop AI+finance core and frontier technologies to
generate leading IP. The plan also proposes a data‑element finance initiative
that, leveraging a Hangzhou corpus, would build a trusted financial-data space
to supply high-quality financial text/corpus and drive AI industry applications
in finance.
