Beijing Selects 16 Fintech Innovation Pilot Projects

What’s new: Beijing financial regulators designated the first batch of 16 fintech innovation pilot projects Friday, seeking public comment on them.

The projects, proposed by banks, brokerages, fund managers, tech companies, a credit rating firm and an options trading market operator, cover a new generation of financial technologies including big data, cloud computing, artificial intelligence and blockchain, according to a statement released by Beijing Bureau of the China Securities Regulatory Commission (CSRC) and the Beijing Local Financial Supervision and Administration.