BEIJING, July 8, 2024
/PRNewswire/ -- With the aim of analyzing the evolution of digital
finance, interpreting its essential aspects, and exploring emerging
trends, the Digital Finance Forum, a part of the Global Digital
Economy Conference (GDEC), commenced on July
3, 2024, at the International Convention Center in Beijing
Banking & Insurance Business Park, Shijingshan District,
Beijing.
This forum, themed as "Joint Development by Integrating Digital
Economy and Real Economy", is hosted by the Organizing Committee of
the GDEC, the Shijingshan District People's Government of Beijing
Municipality, and Asia Digital Group. As a vital part of this GDEC,
the forum, attended and addressed by leaders from Beijing, brought together leaders from
international financial organizations, senior experts, scholars,
and business leaders from countries such as the United States, Germany, Denmark, Italy, and the United Arab Emirates to participate in
extensive discussions on "Advancing Financial Intelligence and
Digitalization".
Mayor of Shijingshan District and Deputy Secretary of the CPC
Shijingshan District Committee of Beijing Municipality Li Xin
underscored the critical role of digital finance in fostering
high-quality development within the financial industry. Shijingshan
District is actively pursuing strategies for industrial
transformation and development, with a focus on expediting the
building of "New Growth Pole of Digital Finance in West Beijing". Key initiatives include
advancing the pilot program for e-CNY, establishing an innovation
center for data asset circulation, launching an intelligent
computing power center, and making substantial strides in financial
digital transformation.
East-West Intelligence Boosting Development
of Digital Finance
Technological innovation is propelling the financial industry
into a new era of digitalization, marked by significant strides in
digital transformation and deep integration of business and
technology.
During the opening remarks, Chief Executive Ian Johnston of the Dubai Financial Services Authority
emphasized opportunities for cooperation along the China-Middle
East Corridor, outlining trends of fintech and strategies for
global collaboration in digital finance. Fan Gang, vice chairman of the China Society of
Economic Reform and director of the National Economic Research
Institute, addressed the theme of "Digital Finance Facilitates
Transition from Virtual to Real Economy", providing a macro-level
analysis of practical digital finance development. Vice President
and Chief Analyst of IDC China Wu Lianfeng explored "Future Trends
and Strategies in Digital Finance", focusing on data to illuminate
evolving digital finance trends and propose corresponding
solutions.
Then came the session of keynote speeches. Wang Jinxia, member
of the Party Working Committee of the Qianhai Shenzhen-Hong Kong
Modern Service Industry Cooperation Zone (Qianhai Cooperation Zone)
and deputy director of the Qianhai Cooperation Zone Administration,
discussed advancing fintech development through AI, emphasizing the
importance of diversified collaborations for mutual benefit. Fan
Bin, senior partner at IBM Consulting and senior advisor on digital
finance in Shijingshan District, presented a speech titled
"Reshaping Financial Industry with Data and AI: From Pilot Projects
to Scalable Applications", offering a concrete exploration of
digital finance's evolution across relevant sectors. In the speech
of Song Xiaojun, deputy director of
the China Construction Bank University, he focused on "Leveraging
Data as a Key Factor of Production for Transforming Commercial
Banks and Developing Digital Highland in Shijingshan", showcasing
practical applications of digital finance through an analysis of
Shijingshan's unique development experience.
Vice President of Digital China Information Service Group Co.,
Ltd. (DCITS) and Director of DCITS's Xindongli Digital Finance
Research Institute, Xu Qichang, delivered a keynote speech titled
"Observations, Reflections, and Practices in Financial Intelligence
on a Global Scale". His speech provided a thorough analysis and
interpretation of how intelligent technology impacts the financial
sector and its future development trends. Senior Vice President of
GienTech and Deputy Director of GienTech Research Institute, Du
Xiaozheng, presented a variety of perspectives on leveraging data
as a key factor of production to boost the development of digital
finance, centering on the theme of "Activating Data as New Drivers
of Growth, Unearthing Digital Finance". Founding Partner of Plum
Ventures Wu Shichun circled on "Steadfast Progress is the Answer",
analyzing trends in digital finance from the perspective of capital
investment risks. Chief Technology Expert of Alibaba Cloud in Financial Large Models Chen
Feng, detailed the transformative role of large models in advancing
the financial sector in his keynote speech "Rooting Downwards,
Growing Upwards: Strengthening Large Models in Finance — Practical
Applications of Large Models in Financial Industry".
Co-President of Asia Digital Group Zhang
Li acted as the moderator in the summit dialogue, themed as
"Building a New Paradigm for Science and Innovation Finance". The
dialogue involved such participants as Delegate of Deutsche Börse
Group, Beijing Office Duan Yulin, Chief Representative for
North China and Northeast China of the Hong Kong Trade
Development Council Kevin Chan, Representative of Italy-China
Association of Business Isabella Zhou, and Delegate of Copenhagen
Capacity Yang Yan. Together, they conducted a thorough discussion
and analysis of the status quo and future trends of digital
finance.
High-Quality Project Outcomes Pioneering a New Paradigm in
S&T Innovation-Based Finance
The signing ceremony for key projects in Shijingshan District
was held at the Digital Finance Forum, where Vice Mayor of
Shijingshan District Li Wenhua, on behalf of Shijingshan District,
signed agreements with ten key institutions and projects including
InnoVen Capital. A new batch of high-quality digital finance
projects will settle in Shijingshan, promising to enhance digital
finance development in both the district and Beijing at large. The event also marked the
launch of cutting-edge technology for e-CNY. Executive Director and
General Manager of PICC Pay Wu Wei unveiled the application of PICC
Pay's e-CNY Zouwu in insurance industry. Shijingshan's digital
finance sector is well-positioned for superior growth in the future
with achieved milestones, strategic partnerships, and clear
development strategies in place.
In addition, Liu Dongmin, associate research fellow at the
Institute of World Economics and Politics, Chinese Academy of
Social Sciences, and senior advisor on digital finance in
Shijingshan District, released the interpreted the "Global
Financial Competitiveness Report". The report evaluates a country's
global financial competitiveness across five indicators: financial
industry, currency, financial infrastructure, fintech, and
international financial governance. China secured the fifth position overall in
this year's rankings, and ranked third in the specific area of
fintech competitiveness.
Meanwhile, a diverse array of activities will be organized,
including the "A Day in Shijingshan" business tour, targeting
modern finance and culture and tourism industry, and the Fintech
Closed-Door Seminar themed as "Finance Fueled by S&T Innovation
Can Make Miracles". These initiatives are designed to deepen global
partners' understanding and appreciation of Shijingshan, fostering
greater cooperation opportunities.
The Digital Finance Forum of the Global Digital Economy
Conference 2024 reveals current trends and forecast future
directions in digital finance. This outstanding platform is
positioned to propel digital finance towards higher quality
growth.
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SOURCE Asia Digital Group