On the morning of June 29, the 5th Meeting of the 1st Council of the Shanghai Fintech Industry Alliance (SFIA) took place online and offline, with the main session at the Shanghai International Fintech Innovation Center. Representatives of the People's Bank of China Shanghai Head Office, the Shanghai Municipal Financial Regulatory Bureau, the China Banking and Insurance Regulatory Commission Shanghai Bureau, SFIA's chair and co-chair entities, and the Secretariat of SFIA were present offline. Representatives of SFIA's other member entities attended the meeting online.

Liu Xinyi, Chairman of SFIA and President of SIG, hosted the meeting. The meeting noted that in 2021, SFIA persisted in high-level, refined and sustainable development, aimed to serve the development of its member entities and the industry, gave full play its linking role, built five platforms: coordinated development of fintech, innovation cooperation, promotion and demonstration, communication and exchange, supervisory service, and continued to promote the high-quality development of the fintech industry. In 2021, SFIA will advance influence building, ecosystem development, functional building and academic achievement construction, and promote the coordinated innovation and united development of fintech, so as to boost the digital development and transformation of Shanghai's finance.

After hearing SFIA's plan for key event preparation, fund use plan and the work plan of the Data Industrialization Committee of SFIA, the attendees voted through four proposals, including the Proposal on Adjusting the Vice Chairman, Secretary General, Deputy Secretary General and Council Members of the Shanghai Fintech Industry Alliance and the Plan for the Development of New Member Entities of the Shanghai Fintech Industry Alliance.