On Wednesday, September 7, 2022, the 3rd China · Shanghai FinTech Conference (Shibei High-Tech) under the theme “Digital Economy Leading New Growth” was solemnly held at the Shibei High-Tech Business Center in Jing’an District.

The 2022 3rd China · Shanghai FinTech Conference (Shibei High-Tech) was organized under the guidance of the People’s Government of Jing’an District, Shanghai. It was hosted by the Shanghai Modern Service Industry Federation and the Administrative Committee of Shanghai Shibei High-Tech Service Industry Park.

The conference was undertaken by the FinTech Service Special Committee of the Shanghai Modern Service Industry Federation, Shanghai Shibei High-Tech Group Co., Ltd., Shanghai Shibei High-Tech Co., Ltd., and the Big Data Center of the Shanghai Modern Service Industry Federation. Supporting organizations included the Shanghai Financial Industry Association, the China-Europe Lujiazui International Finance Research Institute, the Shanghai Smart City Development Research Institute, the Shanghai Modern Service Industry Development Research Institute, and the Shanghai Economic and Informatization Development Research Center. The strategic cooperation partners were Minsheng Bank, Bank of Jiangsu Shanghai Branch, Wanda Information, Kingdee China, Feishu, and Go-Yonier.

The conference focused on topics including the development of an international financial center, value creation through digital technologies, and new opportunities for digital economy development. It brought together a host of distinguished guests from the financial sector, leading figures from the technology industry, and renowned experts and scholars for in-depth discussions.

The following distinguished guests attended the conference:Zheng Huiqiang, President of the Shanghai Modern Service Industry Federation and Former Deputy Director of the Standing Committee of the Shanghai Municipal People’s Congress;Jiang Jianqing, Dean of the China-Europe Lujiazui International Finance Research Institute and Former Chairman of the Industrial and Commercial Bank of China;Wang Hua, Deputy Secretary of the CPC Jing’an District Committee and District Mayor of Shanghai;Zhang Jun, Deputy District Mayor of Jing’an District, Shanghai;Jian Danian, Vice President of the Shanghai Modern Service Industry Federation;Chen Yue, Supervisor of the Shanghai Modern Service Industry Federation and Honorary Director of the FinTech Service Special Committee;Ma Hong, Vice President of the Shanghai Modern Service Industry Federation, Director of the FinTech Service Special Committee, and Chairman of Zhongye Capital;Luo Lan, Secretary of the Party Committee and Chairperson of Shanghai Shibei High-Tech Group Co., Ltd., and Chairperson of Shanghai Shibei High-Tech Co., Ltd.;Chen Jun, Deputy Secretary of the Party Committee and President of Shanghai Shibei High-Tech Group Co., Ltd.;Chen Liangyun, Member of the Party Committee of China Minsheng Bank Shanghai Branch;Zhou Fangying, Member of the Party Committee of Bank of Jiangsu Shanghai Branch.They gathered with a number of financial and technology enterprises to jointly contribute to the new growth of the digital economy.

Focusing on Jing’an: Shibei High-Tech Accelerates the Digital Transformation of the Financial Industry

With the rapid development and large-scale application of a new generation of digital technologies, the digital economy has profoundly transformed the modes of production and daily life of humanity. Adapting to the digital trend, embracing the digital era, and promoting transformation and upgrading will inject new impetus into China’s economy.Data serves as the key factor of production in the digital age, and the financial industry is a sector with the most profound accumulation of data. Boosting the integration of the financial industry and technology can drive the digital economy to achieve high-quality and high-speed development.

Zheng Huiqiang, President 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 address, he stated that under the guidance of Shanghai’s 14th Five-Year Plan Outline, the city is going all out to strengthen the research and development and application of financial technology. It is accelerating the research and breakthroughs of core fintech technologies represented by big data, artificial intelligence, blockchain, cloud computing, and 5G, so as to promote the digital economy to become the most important economic form in the future.

At a critical juncture in the development of the financial technology industry, this FinTech Conference has brought together market players including technology providers, scenario partners, capital parties, and service providers. By coordinating the upstream and downstream of the industry, it has contributed a “Shanghai Model” to building new advantages for China’s digital economy. This is a highly pragmatic choice and will play an important role in driving the growth of the digital economy. Against this backdrop, the convening of the China · Shanghai FinTech Conference (Shibei High-Tech) is of extraordinary significance.

Zheng Huiqiang believed that with the continuous introduction of national policies encouraging digital transformation, digitalization, supported by the cluster effect and resources of the big data industry, will greatly boost the development of the modern service industry. The empowerment and transformation of the service industry by technology have broken down the boundaries between traditional service sectors and the Internet, stimulating and catalyzing the constant emergence of new models and new business forms in the service industry. The digital transformation of the service industry will surely become more open and prosperous.

The Federation will give full play to its advantages as an industry association consortium and its concentration of enterprise resources, make every effort to support the development of Shibei High-Tech in Jing’an District, and provide all-round services for the construction of a digital and intelligent ecological park. The Federation is ready to work with all sectors of society to further tap the potential of data resources in supporting innovation, enable big data to release greater value in the service industry, promote industrial transformation and upgrading as well as the cultivation of emerging industries, and jointly strive for the high-quality development of the service industry empowered by big data.

Wang Hua, Deputy Secretary of the CPC Jing’an District Committee and District Mayor of Shanghai, stated that as a core area of Shanghai’s central urban district, Jing’an has long been aligning itself with the highest international standards and best practices, providing strong support for the development of the financial industry and fostering a diverse financial landscape in the district.

Jing’an will continue to consistently optimize its business environment, provide upgraded services for financial institutions, build professional exchange platforms, conduct exchanges in segmented sectors, and foster a high-quality industrial ecosystem.

As a demonstration zone for digital transformation in Shanghai’s central urban districts, Shibei High-Tech provides sufficient space carriers and comprehensive supporting services for more high-quality enterprises and outstanding talents, and actively creates a business-friendly environment for investment and development.

The Shanghai Modern Service Industry Federation has been caring for and supporting the development of Jing’an for many years, maintaining close cooperation with the district in multiple fields such as commerce and trade, as well as investment promotion. Leveraging the federation’s organizational resources, expert platform and unique advantages, Jing’an will actively promote the accelerated agglomeration and coordinated development of high-end modern service industries.

Luo Lan, Secretary of the Party Committee and Chairperson of Shanghai Shibei High-Tech Group Co., Ltd., as well as Chairperson of Shanghai Shibei High-Tech Co., Ltd., delivered a speech as a host of the conference.

She pointed out that fintech has become a global trend, and the digital transformation of the financial industry will represent a revolution in management philosophy and business development models, which will reshape the future of industrial development and the commercial landscape.

Luo Lan introduced that Shibei High-Tech Park has gathered a large number of tech-finance enterprises. At present, the park is focusing on data empowerment and headquarters capacity enhancement, vigorously developing the digital and intelligent industry, and actively deploying new growth sectors. It has formed an industrial profile featured by digital intelligence empowerment + headquarters capacity enhancement + sci-tech innovation release, demonstrating an industrial evolution path in which cloud, data, intelligence and blockchain are closely interconnected.

In the digital economy sector, the park is strengthening and solidifying the cluster of big data-based data innovation, building a trusted digital foundation for the park with ubiquitous perception capabilities, and fostering the core competitiveness for the city’s digital transformation from top to bottom.

In addition, Luo Lan stated that the Federation has maintained a close cooperative relationship with Shibei High-Tech for a long time. Last year, the Big Data Center was inaugurated in the park, and the two sides have carried out in-depth cooperation in hosting thematic salons, introducing industrial projects, and applying for digital research projects, with remarkable achievements. The Big Data Center has developed several major service functions, including digital strategic planning, system development and operation, data governance, as well as research project development and high-skilled talent training.

Going forward, the two parties will jointly promote the rooted development and growth of the digital fintech industry in Shibei High-Tech through the “Digital Reception Hall” project, attracting more enterprises in the digital and intelligent field to gather here.

Finally, Luo Lan extended a sincere invitation to outstanding enterprises and entrepreneurial talents from around the world: welcome to choose Jing’an, embrace Shibei, and move forward and develop together with us. We are ready to be the time partners for every enterprise.

Distinguished Guests Gather, Joint Forces Boost the Development of the Digital Economy

This FinTech Conference (Shibei High-Tech) has brought together an outstanding array of guests and forged strong partnerships. The Big Data Center of the Shanghai Modern Service Industry Federation has joined hands with multiple parties to invest high-quality resources. Aiming to build a national demonstration zone for digital practices in the modern service industry, it serves Jing’an, Shanghai, China and the world at large.

At this conference, the cooperation between the Shanghai Modern Service Industry Federation and the Administrative Committee of Shibei High-Tech Park reached a new height.

Witnessed by Zheng Huiqiang, Chen Yue, Wang Hua, Zhang Jun and Luo Lan, Jian Danian, Vice President of the Shanghai Modern Service Industry Federation, and Chen Jun, Deputy Secretary of the Party Committee and President of Shibei High-Tech Group Co., Ltd., jointly signed the co-construction agreement for the "Digital Reception Hall" project. Subsequently, Zhang Jun and Jian Danian officiated at the inauguration ceremony of the project.

The "Digital Reception Hall" will gather enterprises and talents in the digital economy through the power of data, building a highly influential and practical interaction and cooperation platform for technology enterprises and real-economy enterprises via a variety of forms, including interviews, on-site visits, roundtable discussions and case development.

In actively promoting the digital transformation of all industries, the Big Data Center of the Shanghai Modern Service Industry Federation has established connections with numerous high-quality partners. To better embark on a new starting point of win-win cooperation with its strategic partners and further drive corporate digital transformation, the Big Data Center signed strategic cooperation agreements with its strategic partners at the conference.

Under the theme of ‘Smart Planning Precedes Project Implementation’, Zhang Bailin, Executive Director of the Big Data Center of the Shanghai Modern Service Industry Federation, signed strategic cooperation agreements respectively with leaders of two top think tanks: Sheng Xuefeng, President of the Shanghai Smart City Development Research Institute, and Liu Gongrun, Vice President of the China-Europe Lujiazui International Finance Research Institute.

Under the theme of ‘Intelligent Upgrade, Technology as the Core’, Zhang Bailin also signed a strategic cooperation agreement with Hu Hongwei, Vice Chairman and President of Wanda Information, a leading enterprise in China’s smart city sector.

Renowned Experts Empower New Drivers for Shanghai’s Digital Economy Development

Shanghai has emerged as one of the cities with the highest concentration of global financial factor markets and the most complete global financial infrastructure, as well as one of the cities with the most diverse financial products in China.

At this critical stage of sprinting toward becoming an international financial center, how should Shanghai pursue its development? Renowned experts and leading scholars have offered their insights into the trends and provided targeted advice.

Jiang Jianqing, Dean of the China-Europe Lujiazui International Finance Research Institute and Former Chairman of the Industrial and Commercial Bank of China, delivered a keynote speech entitled FinTech and the Development of Shanghai’s International Financial Center. He analyzed the stages, evolution and current status of China’s fintech development, as well as the core of Shanghai’s international financial center construction, and put forward four observations:The core of Shanghai’s international financial center construction lies in the development of fintech. The asset transformation sector will be the focal point for fintech in the future.Wealth management is a key area that fintech should focus on.The fintech industry should attach great importance to data governance. He concluded as follows: ‘In the new fintech cycle, both the financial industry and other fintech enterprises are moving towards the same goal, facing each other across the divide. The ultimate winners will be those financial service enterprises that can serve customers to the greatest extent, ultimately achieve digital transformation, and in particular, can effectively control risks.’

Xu Yuncheng, Deputy Director of the Big Data Center of the Shanghai Modern Service Industry Federation, delivered a speech themed Value Creation in FinTech.

She held that only by forming an integrated ecosystem of “industry + technology + finance” can a genuine value multiplier effect be achieved. She also pointed out multiple difficulties in value creation, including the cognitive gaps among the three parties, disparities in data quality, and efforts related to data compliance, among others. She invited scenario partners from various industries to conduct discussions in the form of dialogues.

Zhou Lefeng, President of Xiangcai Securities, spoke with deep insight. He noted that the securities brokerage industry is a traditional financial sector. With intensifying internal competition in the industry, those who can devote attention and effort to user behavior profiling in the course of digital transformation will be able to discover new service scenarios for retail business, seize new opportunities, and gain attention from the capital market.

Hu Hongwei, Vice Chairman of Wanda Information, deeply resonated with the three major pain points raised by Xu Yuncheng. The company has been actively exploring how to address cognitive issues, manage data quality problems, and ensure compliance in terms of data security. It also invites enterprises to engage in joint discussions, so as to develop practically implementable solutions in the financial sector and enable fintech to deliver genuine value.

Focusing on the new opportunities in the development of the digital economy, many prominent figures from the financial and technology industries expressed their views and shared their insights.

Chen Liangyun, Member of the Party Committee of China Minsheng Bank Shanghai Branch, delivered a sharing session entitled Building a New Landscape of Digital Finance and Reshaping New Models of Financial Services.He pointed out that digital transformation is the source of a bank’s core competitiveness and an inevitable trend amid the changing times. In the era of the digital economy, new economic forms have given rise to new financial products and new service models. He then shared the explorations and practices of Minsheng Bank in the digital transformation of banking.

Zhou Lefeng, President of Xiangcai Securities, delivered a keynote speech entitled Financial Leap: Operations-Driven Growth.Starting with the development of the securities industry from an internet perspective, he elaborated on the pain points of the industry and the shifts in customer needs. He shared Xiangcai Securities’ reflections and practices on internet operations, and pointed out that amid the ongoing restructuring, the integration of technology and services, as well as the integration of finance and research, serves as the anchor of value for the securities industry.

Huang Qian, General Manager of Feishu’s Large Enterprise Business for the Eastern Region, delivered a presentation titled The Efficiency Revolution of Advanced Financial Organizations, sharing Feishu’s insights on the digital foundation for the management of financial enterprises.

As a collaboration tool developed by ByteDance, Feishu is committed to refining enterprise information flow platforms. It has explored three ecological cooperation models: in-house application development, co-creation with partners, and joint market initiatives. Feishu has joined hands with financial service providers to develop industry-specific solutions for the financial sector, with rich practical implementations already in place across insurance and securities companies.

Liang Wei, General Manager of the Industry Solutions Department at Kingdee China, delivered a presentation entitled Kingdee’s Exploration and Practice in Financial Digitalization.Guided by the principle of “New Thinking, Big Platform, Big Data, and Big Management”, Liang Wei stated that the core of the new-generation financial digitalization philosophy should be assembled enterprise business capabilities. This refers to the capabilities to drive business with data, connect and serve customers, connect and empower partners, connect and empower employees, as well as connect and manage everything. It also represents the achievement of Kingdee’s full support for the FinTech 2025 Development Plan.

Li Zhi, Deputy General Manager of Go-Yonier, delivered a speech themed ‘The Application and Development of Financial Investment Research Data Over the Past 15 Years.’

He discussed the ecological development process of the Go-Yonier ecosystem and identified three major trends:The trend toward personalized and unstructured data demand.The trend toward intelligence in the data production process.The trend toward scenario-based data application.

The insightful views of the guests won rounds of applause and received recognition from the audience on site.

Gathering Prominent Figures, Frequent Contributions in the FinTech Sector

The conference also held the awards ceremony for the 3rd FinTech Honor Selection, honoring enterprises and individuals that have made outstanding contributions in technological innovation and data empowerment.

Outstanding Service Award —Qianyi Financial Information Service (Shanghai) Co., Ltd.,Huitower Information Technology Consulting (Shanghai) Co., Ltd.,Shanghai Zeshi Enterprise Management Co., Ltd.,Shanghai Kafang Information Technology Co., Ltd.

Innovative Product Award—Shanghai Go-Yonier Information Technology Co., Ltd.,Shanghai Hualong Information Technology Co., Ltd.,Hongju Network Technology (Shanghai) Co., Ltd.,Shanghai Jingteng Information Technology Co., Ltd.

Innovative Enterprise Award—Shanghai Zhonglian Cloud Internet of Things Technology Co., Ltd.,Shenzhen Fadada Network Technology Co., Ltd.,Appen Data Technology (Shanghai) Co., Ltd.,Berry Insurance Broker Co., Ltd.

Leading Enterprise Award—Shanghai Noah Investment (Group) Co., Ltd.,Shanghai Fushenlan Software Co., Ltd.,Shanghai Kingdee Network Technology Co., Ltd.,Shanghai Jiyu Fund Sales Co., Ltd.,Shenzhen Ping An Comprehensive Financial Services Co., Ltd.,Shanghai Paraview Software Co., Ltd.,Gopher Asset Management Co., Ltd.

Person of the Year Award—Wang Jingbo (Shanghai Noah Investment (Group) Co., Ltd.),

Han Qing (Shanghai Kuizhi Information Technology Co., Ltd.),Wang Li (Shenzhen Ping An Comprehensive Financial Services Co., Ltd.),Tang Hanlin (Guizhou Shujubao Network Technology Co., Ltd.),Zhou Lefeng (Xiangcai Securities Co., Ltd.), Zheng Huiqiang, Jian Danian, Chen Yue, and Ma Hong presented the awards to the winning enterprises and individuals.

Shanghai Top 10 Financial Planning Stars · Go-Goal Financial Planner Selection

Best Organization Award—Bank of Communications,Bank of Shanghai,Industrial Bank Co., Ltd.,Haitong Securities Co., Ltd.,Industrial and Commercial Bank of China,Shanghai Pudong Development Bank,Bank of China,Shanghai Rural Commercial Bank,China Construction Bank,

Huaxia Bank Co., Ltd., Shuai Shi, Executive Deputy Secretary-General of the Shanghai Financial Industry Association, and Li Zhi, Deputy General Manager of Go-Yonier, presented the awards to the representatives of the winning banks.

Liu Yu and Hui Yunming, Deputy Secretaries-General of the Shanghai Modern Service Industry Federation, attended the conference.