The Shanghai Financial Regulatory Bureau recently released an action plan aimed at promoting the high-quality construction of a global financial technology hub. In the 'Action Plan for High-Quality Promotion of Global Financial Technology Hub Construction' issued this time, He Weili, deputy director of the Science and Technology Supervision Department of the Shanghai Financial Regulatory Bureau, emphasized that the focus will be on driving innovative applications in banking and insurance industries, particularly through financial technology means to achieve personalization, diversification, and customization of financial products. The regulatory bureau plans to guide the banks and insurance institutions under its jurisdiction to strengthen their application of advanced technologies such as artificial intelligence, blockchain, Internet of Things, and big data, thereby promoting innovation in financial products and services and meeting customers' growing needs. This move not only helps enhance the efficiency and quality of financial services but also further consolidates Shanghai's position as an international financial center and promotes the development of the financial technology industry.