Chongqing opens national financial certification center

The new national financial certification center at Jiangbeizui Fintech Harbor aims to support the development of financial technology in Chongqing. [Photo/liangjiang.gov.cn]

A national financial certification center was recently established at Jiangbeizui Fintech Harbor – located in Liangjiang New Area, in Southwest China's Chongqing – which will accelerate the municipality's development as an inland international financial center.

Supported by the People's Bank of China and the State Administration for Market Regulation, the center will provide professional and authoritative financial technology testing and certification services for the healthy development of financial technology.

In addition, the center will provide information security solutions – including risk early warnings, situation monitoring, system constructions and consultations – as well as help financial institutions to build, improve and standardize their internal processes.

In recent years, Chongqing has moved to develop its financial technology and has issued policies on expanding the opening-up of its finance industry – allowing the finance sector to better serve the real economy.

As one of the main areas to develop financial technology in Chongqing, Liangjiang has built several development areas such as Jiangbeizui Fintech Harbor and the China-Singapore Fintech Collaboration Demonstration Zone.

Liangjiang has also attracted leading financial technology companies – including Ant Group, Du Xiaoman Financial, JD Finance and Mashang Consumer Finance Co – and made advances in developing inclusive finance and consumer finance.