Digital Economy Empowering and High-quality Development The 5th International Financial Science and Technology Forum opened in Chengdu

At present, financial technology has become a new kinetic energy of the economy, and it is one of the indicators to measure the economic development level of various countries. How financial technology can empower high-quality economic development has also become a hot topic of global concern.

On November 5th, the 5th International Financial Science and Technology Forum opened in Wenjiang District, Chengdu. More than 150 top guests from the world’s political, industrial, academic and research circles once again gathered in Chengdu to analyze the new direction, new track, new trend and new path of China’s economic, financial and technological development around the theme of "digital economy enabling high-quality development". The forum will inject financial power into promoting high-quality economic and social development through more than 10 activities.

The Red Star reporter learned that this two-day forum was sponsored by Southwestern University of Finance and Economics, Chengdu Local Financial Supervision Administration and Wenjiang District People’s Government of Chengdu, and hosted by the School of Finance of Southwestern University of Finance and Economics and China Institute of Finance, Southwestern University of Finance and Economics International Joint Laboratory of Financial Technology, and Southwestern University of Finance and Economics Sichuan Key Laboratory of Financial Intelligence and Financial Engineering.

Vision: Financial Technology Helps Digital China Construction

Today, China’s economic strength has achieved a historic leap, and its total economic output ranks second in the world.

High-quality development has become the primary task for China to build a socialist modernized country in an all-round way, and we must persist in putting the focus of economic development on the real economy.

After several rounds of discussions, the participating experts agreed that financial technology, with its characteristics of integration, accuracy, intersection and openness, has become the key to providing financial support, inciting the capital market and technological innovation, effectively serving the development of real economy and digital economy, helping to strengthen advanced manufacturing industry, realizing high-quality economic development and speeding up the construction of a "manufacturing power" and "digital China".

2022 is a year in which China’s digital economy is fully developed. During the "14th Five-Year Plan" period, China’s digital economy turned to a new stage of deepening application, standardizing development, and universal sharing.

Experts attending the meeting said that, based on this background, this forum is held under the new development pattern of digital economy empowerment. Global financial experts jointly review the process of financial technology innovation, discuss the present situation of financial technology development, and look forward to the wonderful prospect of technology in helping financial service entities, preventing financial risks, and building a digital China and a green China, which is of great significance for forming a wider, wider and deeper opening-up pattern.

Four highlights: groundbreaking technology gives birth to new formats

This forum is carefully prepared and boldly innovated on the basis of previous sessions, and this year presents four new points of view.

The first highlight is that a series of pioneering financial technology systems and platforms were released for the first time at the opening ceremony on November 5th, including AI engineering KubeAI platform, Quant Plus quantitative analysis platform, enterprise risk intelligent identification and early warning system, etc. This is the first time that Southwestern University of Finance and Economics has shown the technical "hard power" of financial universities to the industry, which will bring new products, new models and new formats to the financial technology industry and help enterprises to transform digitally.

The second highlight is that the 5th Chengdu August 80 Global Financial Technology Product Design and R&D Competition officially started, and the competition teams of eight top universities in the world gathered in Chengdu again. The competition will further deepen Industry-University-Research’s cooperation, focus on "new finance and economics" talent training, innovate and standardize the contents of the competition, and innovate the talent training methods.

At the same time, at the Digital Economy Empowerment Financial Technology Innovation Forum held on the same day, the founders of financial technology companies such as Bingjian Technology, Daoke DaoCloud and Kuanbang Technology started a dialogue, focusing on the promotion of enterprise credit evaluation by artificial intelligence technology, AI empowerment investment and other topics to explore the new direction of digital economy development.

In addition, on November 6th, a headmaster’s forum will be held, which will be changed from a closed meeting to an open meeting for the first time. Southwestern University of Finance and Economics will set up a platform to invite the principals and deans of 16 mainstream universities in China to discuss and share new modes, new experiences and new methods of talent cultivation in universities.

Red Star Journalist Wu Huayu According to Wenjiang District

Editor Chai Chang

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