China has recently put forward the Global Data Security Initiative, calling for respect of sovereignty, jurisdiction and data security management rights. It is a basic principle to balance development and security. And we will enhance cross-border coordination to jointly promote a more open, fair and nondiscriminatory business environment. Ladies and gentlemen, The booming digital economy connects us more closely than ever before.
Let’s join hands together to promote the healthy development of FinTech. To conclude, I wish this event a great success. And wish you all good health. Thank you! 3/3  BIS central bankers' speeches