May 25, 2018

CSRC issued a work plan for "Auditing and Enforcement of Science and Technology Construction." The regulator has proposed this work plan to effectively enhance technology-related law enforcement (known as regtech in general) in response to the internet, big data, cloud computing, artificial intelligence, and other modern scientific and technological developments.

The plan outlines six key regtech projects for improving the enforcement capabilities of CSRC. These projects involve data collection and integration, data modeling, forensic software engineering, quality control, case management, and investigation assistance. The data modeling project will use machine algorithms to provide clue discovery, case investigation models, case investigation breakthroughs, and other smart solutions. The plan looks at establishing a big data enforcement platform; using smart technology to help resolve cases; developing a standardized electronic tool to collect information on the links between entities, funds, and transactions; and establishing a smart control system for assessment of conduct and determination of penalties.

 

Related Link (in Chinese)Work Plan

Keywords: Asia Pacific, China, Securities, Work Plan, Regtech, Fintech, Regulatory Supervision, CSRC

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