China’s Finance Sector Must Leverage AI to Drive Transformation, Says Former PBOC Official
- THE CHINA NOW
- Dec 18, 2024
- 3 min read
Summary
Former PBOC deputy governor Li Dongrong urges China’s finance sector to embrace AI for transformation.
AI is enhancing traditional financial services such as customer support, investment, and risk management.
Chinese financial institutions, including ICBC and China Construction Bank, are exploring AI to improve operations.
In a bold call to action, Li Dongrong, the former deputy governor of China’s central bank (PBOC), emphasized the importance of embracing cutting-edge artificial intelligence (AI) technology to drive the transformation of China’s finance sector. Speaking at an industry summit in Shenzhen, Li highlighted AI’s potential to revolutionize traditional financial services and contribute to China’s economic revitalization efforts.
