Former Chairman of the CSRC, Xiao Gang: Promote the development of industrial digital finance and allow small and medium-sized enterprises to freely choose Financial Services.

On July 21, Jin10 reported that the former chairman of the Securities Regulatory Commission, Xiao Gang, stated at the seminar on high-quality development of industrial digital finance that industrial digital finance is a new model to solve the financing difficulties of small and micro enterprises. Xiao Gang proposed five suggestions to further develop industrial digital finance: accelerate the digital transformation of small and medium enterprises, ensure their freedom to choose financial services, leverage the market maker role of financial institutions, regulate platform development, and ensure safety and risk control. These measures aim to optimize the efficiency of financial services, drop the burden on enterprises, and promote the Depth integration of technology, industry, and finance.

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