Central Bank News said the next step.

The central bank revealed that in from August 2nd to 4th this year, the people's Bank of China invited the relevant agencies to form a special research group to conduct research in Shanghai and Hangzhou, including NPC deputies, CPPCC members, the Ministry of industry and commerce, the Ministry of Commerce and the Banking Regulatory Commission.

The research group listened to the relevant financial institutions, non-financial institutions payment service organizations about electronic.

Implement specific policies to promote the development of electronic payment, provide necessary policy support for the development of electronic payment; closely cooperate with relevant departments and intensify the crackdown on illegal and criminal activities such as pirate card, phishing, telecommunications fraud, gambling related websites, etc.; further improve the electronic payment interbank settlement system, provide more powerful support and more convenient platform for the development of electronic payment business of commercial banks and non-financial institutions; encourage electronic payment service providers such as commercial banks and electronic payment service enterprises to continuously explore and innovate, guide the public and various economic entities to choose and use new electronic payment tools, cultivate advanced payment culture and payment habits; strengthen the self-discipline management and risk management of enterprises through the establishment and improvement of relevant systems, safeguard fair competition in the market, and effectively protect consumers' rights and interests. Liu Shiyu, vice president of the central bank, stressed that next step, the PBC will work out the "12th Five-Year plan" of China's payment system as soon as possible with relevant departments.

IT advisory body