China needs to better employ fintech to accelerate the growth of the Belt & Road, experts said at the International Forum on the Belt & Road Initiative and Global Governance held at Fudan University over the weekend.
“The Belt and Road Initiative has been carried out for many years. At present, the initiative is badly in need of more support from technology finance, financial technology and green finance,” said Guo Lian, a former senior executive with the China Development Bank.
Making greater use of technology finance serves to make Chinese technology more popular among countries along the Belt & Road, and accelerates scientific research and application in those areas, according to experts.
Meanwhile, strengthening green finance serves to better protect ecologies, showing that China values the protection of the environment.