How can China’s three major state-owned banks become the new “core engines” of financial innovation?
On February 6, 2026, at 21:23, it was reported that the three major state-owned banks in China are now at the center of financial innovation, becoming the new “core engines.” During the recent round of innovation in the banking sector, these banks have established themselves as key players in the national economic landscape.
The central economic work conference held in late 2025 proposed the construction of financial innovation centers in Beijing, Shanghai, and the Guangdong-Hong Kong-Macau Greater Bay Area. This initiative aims to address the challenges posed by global financial competition and is also designed to enhance the production capacity of new financial products and services.
On December 8, 2025, in Shanghai, during a production adjustment trial of robots, the intelligent X2 series of robots was unveiled. This marked a significant step forward in financial innovation. According to reports, the goal of the new innovation centers is to establish a “new-business-finance” cycle, enabling the country to gain a competitive edge in the financial sector.
The three major banks—Bank of China, China Construction Bank, and Agricultural Bank of China—are positioned to become the backbone of financial innovation. Their development is based on the country’s need for strong financial services, addressing the increasing complexity of the financial system.
The innovation centers will serve as hubs for collaboration between financial technology and traditional banking, aiming to enhance the integration of AI and big data within their operations. This will facilitate the creation of new financial products that cater to the evolving needs of consumers and businesses.
In the face of global financial challenges, the banks’ strategies will focus on improving service efficiency and expanding their digital capabilities. The emphasis will be on fostering an environment conducive to innovation while ensuring compliance with regulatory standards.
Furthermore, the collaboration between universities and financial institutions will play a crucial role in nurturing talent and advancing research in financial technology. This partnership is expected to lead to the development of cutting-edge solutions that address market demands.
In conclusion, as these three major state-owned banks strengthen their roles as innovation drivers, they will significantly contribute to the transformation of China’s financial landscape, positioning the nation for robust growth and competitiveness in the global market.
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