China is experiencing an important period of prevention and control of financial risks. Financial stability and development reforms will face more，newer and higher requirements. On one hand，financial regulators face the pressure of oversight due to heavy regulatory tasks，unreasonable regulatory regimes，and lagging regulatory technology development. On the other hand，financial institutions need to pay more for compliance in order to meet stronger regulatory requirements. At the same time，with the breakthrough of key technologies，the technology industry has opened the prelude to deep integration with the financial industry，expanding financial service boundaries，improving financial transaction efficiency，reducing financial transaction costs，and reducing financial transaction information asymmetry. It also brings new opportunities for improving regulatory measures and reducing compliance costs. In this report，RegTech，as a product of the full integration of technology and financial regulation，has begun to attract widespread attention from financial regulators and financial institutions around the world. On the basis of defining the definition and core of regulatory science and technology，this report sorts out the background of regulatory science and technology development，analyzes the current status of regulatory science and technology development，challenges and difficulties，and proposes the main tasks，overall framework and timely operation of building China’s regulatory science and technology system. It also proposes policy recommendations for regulatory technology from aspects of establishing regulatory science and technology development coordination mechanism，clearing the current key areas of regulatory technology applications，developing rules and standards for the supervision of science and technology construction，the construction of a platform for multi-party participation in the supervision of science and technology construction，and the improvement of supervision and technology construction supporting measures，etc.