On Wednesday, December 9, 2020, the 2nd FinTech Conference 2020 was grandly held at JW Marriott Hotel Shanghai Tomorrow Square.

The 2nd FinTech Conference 2020 was guided by the Shanghai Modern Service Industry Federation and the Shanghai Financial Association, and hosted by the FinTech Service Professional Committee of the Shanghai Modern Service Industry Federation and ‘Money Weekly‘.Supporting organizations included the Shanghai Banking Association, Shanghai Insurance Association, Shanghai Securities Association, Shanghai Fund Association, Shanghai Futures Association, etc. Co-organizers were Asia Business Group, East China Jiangsu Big Data Exchange Center, Suzhou Industrial Park Building Economy Promotion Association, Xiangcai Securities Co., Ltd., and Demeng Education Technology.

Special supporting organizations for this conference were the Pudong New Area Financial Industry Association, the Organizing Committee of the Yangtze River Delta Global Competition for FinTech Innovation and Application, and the CGFT Program Management Office.

The conference also received strong support from Shanghai IntSig Information Co., Ltd., Go-Yonier Information, China Mobile Internet Co., Ltd., Shanghai Wicresoft Co., Ltd., Xiangcai Securities Co., Ltd., Suzhou Industrial Park Building Economy Promotion Association, SRI, Jack Trading Academy, FXYI, and Doo Prime.

The Conference Holds Great Significance

With the rapid development of financial technology (FinTech), the in-depth integration of digitalization, finance, and modern technology has become an inevitable trend of the times. How to better promote the in-depth integration of finance and technology? Accelerating the construction of Shanghai as an international FinTech center and forming a sustainable, inclusive finance development pattern are the core topics explored at this conference.

Zheng Huiqiang, Chairman of the Shanghai Modern Service Industry Federation and Former Deputy Director of the Standing Committee of the Shanghai Municipal People's Congress, spoke highly of the convening of the FinTech Conference. In his speech, he stated that the Recommendations for the 14th Five-Year Plan for National Economic and Social Development propose to layout and construct comprehensive national science centers and regional innovation hubs, and support cities such as Shanghai in building international science and technology innovation centers.The 14th Five-Year Plan period is a crucial five years for Shanghai to comprehensively deepen the construction of the "Five Centers" at a new starting point and accelerate its development into a world-influential socialist modern international metropolis. Meanwhile, Shanghai is at a new development juncture: it has promoted the Yangtze River Delta to take the lead in forming a new development pattern, taken the implementation of the Yangtze River Delta Integrated Development Strategy as a breakthrough, made solid progress in both opening up to the outside world and domestic regions, improved the economic development framework, and accelerated the development and optimization of the "Five Types of Economy"—innovative, service-oriented, headquarters-based, open, and flow-driven economies. Against this backdrop, the convening of the "2nd FinTech Conference 2020" is of extraordinary significance.

Mr. Zheng emphasized that as the first year of the 14th Five-Year Plan approaches, we will continue to take the "FinTech Conference" as a platform, closely focus on the needs of Shanghai's economic and social development, highlight the scenario-based application of sci-tech finance in practical fields, and effectively contribute to Shanghai's overall goal of building a globally competitive FinTech center through technological innovation, technological empowerment, and the introduction of new solutions.

Wang Zhe, Vice Chairman of the Shanghai Financial Association and Chief Expert & Secretary-General of the Shanghai Internet Finance Industry Association, stated that at the executive meeting of the Shanghai Municipal People's Government held on December 9, 2019, it was decided that building Shanghai into a FinTech center represents a new connotation, new opportunity, and new driving force for the construction of Shanghai as an international financial center. It is also a key focus for implementing national strategies and promoting the coordinated development of Shanghai's international financial center and science and technology innovation center. Accelerating the construction of the FinTech center will provide a strong grasp for the international financial center to achieve "overtaking on a curve."

The development of FinTech has entered the best period where there are clear objectives to adhere to, clear paths to follow, and clear regulations to abide by, while also facing challenges. As the Chinese proverb goes, "When everyone adds firewood, the flame burns brightly." It is hoped that experts, scholars, and financial practitioners will gather here to conduct brainstorming, speak freely, and jointly look forward to the future of FinTech.

Heavyweight Institutions Gather at the Conference

According to relevant personnel from the Organizing Committee of the "2nd FinTech Conference 2020," the conference aims to fully implement the spirit of the 19th National Congress of the Communist Party of China, meet the requirements of Shanghai's accelerated construction of the "Five Centers," firmly seize the opportunity of the new round of technological revolution, give full play to Shanghai's advantages such as a complete financial market system, a sound financial institution system, and solid scientific research foundations, and accelerate the construction of Shanghai as a FinTech center.

Centering on key topics including "FinTech Empowers the Development of Inclusive Finance," "Prospects of FinTech Application Scenarios," "Technological Innovation in the Digital Economy Era," "FinTech Empowers the Development of Securities Investment," "Cultivation of Digital and Intelligent Financial Talents in the 5G Era," "Intelligent Manufacturing · Services: Deep Integration and Strong Chain (Suzhou)," and "New Asset Allocation Strategies in the Post-Pandemic Era," the conference brought together heavyweight guests from the financial sector, tech leaders, and renowned experts and scholars to conduct in-depth discussions, presenting a "feast of ideas" on FinTech for all participants.

Participating experts and scholars were from institutions including the Institute of Software of the Chinese Academy of Sciences, China Electronics Standardization Institute, Industrial Internet of the Ministry of Industry and Information Technology, Blockchain Professional Committee of the China Mobile Communications Federation, Development Center of the National Internet Finance Association of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, China Merchants Bank, Bank of Communications, Shanghai Pudong Development Bank, Huirui Bank, Rural Commercial Banks, Tailong Bank, Bank of Shanghai, Shanghai Jiao Tong University, Xi'an Jiaotong University, Nanjing University, Shanghai Advanced Institute of Finance (SAIF), Megvii Technology, IntSig Information, Xiangcai Securities, Wicresoft, and Asia Business Group.

Industry Elites Gather Together

At this FinTech Conference, numerous elites from the financial and technology sectors jointly explored industry development and in-depth interpreted the importance of developing online financial services.

The Launch Ceremony of the "Inclusive Finance Service Star" Selection and the release of the ‘Report on the Innovative Development of Inclusive Finance in Small and Medium-sized Banks’gathered numerous heavyweight guests at the conference. Many government leaders, heads of relevant industry associations, and top industry experts attended the event in person to witness this important occasion, making the conference star-studded. They included Chen Zhenhong, Executive Vice Chairman of the Shanghai Modern Service Industry Federation; Tu Youfu, Person in Charge of the Secretariat of the Shanghai Financial Association; Zhao Hai, Secretary-General of the Shanghai Banking Association; Wu Guoliang, Deputy Secretary-General of the Shanghai Insurance Association; Chen Keming, Deputy Secretary-General of the Shanghai Securities Association; Jin Wen, Secretary-General of the Shanghai Futures Association; Chen Yue, Director of the FinTech Service Professional Committee; Zhang Weiguo, Former Vice President of Bank of Shanghai; Ye Guorong, Former Vice President of Rural Commercial Bank; Bai Yunhui, Vice Dean of the Shanghai International Banking and Finance Institute at Shanghai University of Finance and Economics; and Wang Yiwei, Member of the Strategic Committee of Tailong Bank and Zhejiang Financial Consultant.

A group of financial and technology elites jointly explored how to leverage FinTech to promote the development of online financial services, break through bottlenecks in online services, improve service efficiency and quality, solve customer problems online, and continuously enhance customer acquisition capabilities. They also actively promoted the innovation and application of FinTech, striving to advance the development of Shanghai's online financial services.

Wang Zhe, Vice Chairman of the Shanghai Financial Association and Chief Expert & Secretary-General of the Shanghai Internet Finance Industry Association, attended the conference and delivered a speech. Many industry elites gave keynote shares: Chen Qiwei, Chairman of Asia Business Group and Chairman of the FinTech Research Institute of East China Normal University, shared on the theme FinTech: A Vast Track; Jiang Zhenxing, Executive Director of the FinTech Research Center at Shanghai Advanced Institute of Finance (SAIF) Research Institute, delivered a speech entitled Cultivation of FinTech Talents in the Digital Era; Zhou Hengchang, Chief Information Officer of Shanghai Rural Commercial Bank, gave a keynote speech themed FinTech Empowers Inclusive Finance; Li Ming, General Manager of the Artificial Intelligence Solutions Business Department at IntSig Information, shared insights on AI + Big Data: Empowering the Digital Transformation of Intelligent Risk Control in Banks; and Zhang Xiaohua, Vice President of Wicresoft, delivered a keynote speech centered on Innovation and Integration of FinTech. The valuable insights and profound views of the guests won rounds of applause and were widely recognized by the on-site audience.

The "Roundtable Dialogue" session of this FinTech Conference was equally hardcore. The conference specially invited heavyweight guests from the financial sector, academic community, and technology field to jointly explore the theme of ‘FinTech Empowers the Development of Inclusive Finance.’

Participants of the dialogue included Liu Gongrun, Vice President of the China-Europe Lujiazui International Finance Research Institute; Xu Yuncheng, Chief Operating Officer of Megvii Technology and Former Chief Digital Officer of IBM Greater China; Zhou Lefeng, Vice President of Xiangcai Securities; Han Zhiyuan, Assistant President and Director of Digital Retail Business of Huirui Bank; and Wang Yiwei, Member of the Management Committee of Tailong Bank and Zhejiang Financial Consultant. Wang Shihao, Former Vice President of Bank of Shanghai, Chairman of the National Urban Commercial Bank Clearing Center, and also Expert Consultant of the FinTech Service Professional Committee, served as the host of this roundtable dialogue.

Various Events Were Also Wonderful

A series of events were also introduced at this FinTech Conference, adding great luster to the event.

2020 International FinTech Conference & Yangtze River Delta Global Competition for FinTech Innovation and Application. With the theme of "Innovation, Application, Empowering a New Era of FinTech," the competition is based in Shanghai and radiates to the Yangtze River Delta, centering on the core position of Shanghai as an international financial center and the development needs of the Yangtze River Delta economic integration. It helps projects land through empowering measures such as providing expert guidance, supporting innovative application workshops, facilitating investment matching, and promoting policy implementation. By integrating domestic and foreign FinTech innovation resources, adhering to the orientation of professionalism, ecologicalization, and internationalization, and adopting the close integration mode of "government-enterprise-university-research-finance," the competition accelerates the implementation and effect manifestation of FinTech innovation in industry application and management scenarios.

The organizer of the FinTech Conference and Asia Business Group, the organizer of the competition, held a signing ceremony for the "Asset Management and Wealth Management Service Competition" within the event.

Exhibition of Technological Industry Innovation Achievements

For the first time, the conference launched a "Technology Challenge Arena" to centrally showcase the innovation achievements of FinTech and related technological industries to the public. It encourages enterprises to present their "cutting-edge technologies," promotes innovative models of online financial services, and builds an online financial service ecosystem.

Intelligent Digital Cloud Exhibition Hall Online Service Platform. Based on a contactless online model, the cloud exhibition hall platform strives to create a product display platform with interactive functions. It conducts precise marketing in terms of enterprise brand image promotion and customer resource flow, while increasing the exposure and credibility of participating enterprises.

Empowering Industry Development

This FinTech Conference focuses on the development of inclusive finance and contributes to boosting the industry's progress.

The conference set up a main forum themed ‘FinTech Empowering the Development of Inclusive Finance’. It mainly focused on how to leverage financial technology to carry out innovations in online financial services, and help enterprises adopt leading solutions in such fields as big data, artificial intelligence, inclusive finance and online payment, enabling them to quickly keep pace with the digital era.Zheng Huiqiang, Chairman of the Shanghai Modern Service Industry Federation and Former Deputy Director of the Standing Committee of the Shanghai Municipal People's Congress, Wang Zhe, Vice Chairman of the Shanghai Financial Association, Chief Expert and Secretary-General of the Shanghai Internet Finance Industry Association, and Ji Wenguan, Former Secretary of the Shanghai Municipal Financial Work Committee, delivered speeches at the forum.

FinTech Empowers New Opportunities in Securities Investment. This parallel sub-forum was a special session hosted by Xiangcai Securities. With the rapid development of FinTech, robo-advisory has gradually become a mainstream trend in the financial investment field. However, the current financial market is characterized by fiercer competition and a more complex and volatile environment, bringing enormous opportunities as well as numerous emerging challenges to its development.At the conference, Xiangcai Securities joined hands with many industry experts to share insights on how securities institutions can leverage various technological forces to actively deploy in the robo-advisory industry, seize new opportunities, achieve comprehensive new development, and provide the public with higher-quality investment advisory services.

Parallel Sub-Forum on New Asset Allocation Strategies in the Post-Pandemic Era. Currently, the global economy is still overshadowed by the COVID-19 pandemic. The international environment is complex and volatile, and both domestic and foreign economies continue to face pressure. Against this backdrop, how should global capital make choices and break through? How can China, which has taken the lead in entering the post-pandemic era, leverage the support of the capital market to seize opportunities amid crises? And how should investors allocate assets in the post-pandemic era?Ji Mengjie, Chief Analyst at Doo Prime, delivered a keynote speech themed Capturing Trading Anomalies to Find High-Stability Profit Opportunities. Jack Zhang, Dean of Jack Trading Academy, gave a speech entitled ‘The Gap Between You and Wall Street Professional Traders’.

Meanwhile, this FinTech Conference also held the "Intelligent Manufacturing · Services · Deep Integration and Strong Chain—Suzhou Industrial Park Commercial Building Investment Promotion Exchange Meeting" to serve FinTech enterprises. The exchange meeting was guided by the Administrative Committee of Jinji Lake Business District, Suzhou Industrial Park.

Currently, national strategies such as the Belt and Road Initiative, the Yangtze River Economic Belt, and the Yangtze River Delta Integration have been overlappingly implemented in Suzhou. Pilot platforms including the Suzhou Free Trade Zone, the Yangtze River Delta Integration Demonstration Zone, and the modernization pilot project have been constructed in the park, bringing enormous development opportunities. Suzhou Industrial Park has introduced a series of high-value and targeted policy measures, welcoming a wide range of FinTech enterprises to invest and develop in the park.

Special Exchange Meeting of the Professional Service Committees of the Shanghai Modern Service Industry Federation

The Low-Carbon Economy Service Professional Committee, the Blockchain Service Professional Committee, and the FinTech Service Professional Committee jointly presented wonderful special reports. Zhu Wenwei, Deputy Director of the Shanghai Blockchain Technology Research Center, Blockchain Review Expert of the Shanghai Municipal Commission of Economy and Informatization, and Founder/CEO of Shenpu Technology (Shanghai) Co., Ltd., delivered a special report themed How Privacy Computing Empowers FinTech. Wang Zongting, Member of the Low-Carbon Economy Service Professional Committee of the Shanghai Modern Service Industry Federation and Marketing Director of the Modern Service Industry Evaluation Business Operation Center of China Quality Certification Center, gave a special report entitled Discussion and Practice of Enterprise Environmental Information Disclosure Under the Background of Green Finance. Jiang Zhenxing, Cooperation Partner of the FinTech Service Professional Committee of the Shanghai Modern Service Industry Federation and Director of the FinTech Research Center at Shanghai Advanced Institute of Finance (SAIF) Research Institute, presented a special report themed ‘Transformation and Upgrading of Digital FinTech Talents’. Ms. Xu Hui, Director of the Training Department of the Fudan University Base for National Cadre Education and Training of the Central Organization Department, delivered a keynote report entitled ‘Serving the Overall Situation, Remaining True to the Original Aspiration, Forging Ahead—New Explorations in Cadre Education and Training in the New Era’, which received a warm response from the audience.

This exchange meeting aimed to, with the joint efforts of the three professional committees, conduct in-depth discussions and exchanges on new technologies and new requirements in the digital intelligence economy era, promote the integration of production and education, advance talent upgrading, and build Shanghai into a highland of digital and intelligent financial talents.