China News Service, Beijing, December 15th (Reporter Cheng Chunyu) On the 15th, Li Dongrong, President of the Internet Finance Association of China, stated at the 4th China Internet Finance Forum in 2020 that the financial industry should adhere to "finance for the people in the process of digital transformation. The concept of "Technology for Good" makes the structure of the digital financial ecosystem more reasonable, competition and cooperation more benign, and operation more orderly.
The 4th China Internet Finance Forum 2020 will be held in Beijing on the 15th.
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With the in-depth development of a new round of technological revolution and industrial transformation, especially under the sudden impact of the new crown pneumonia epidemic, accelerating digital transformation has become an important consensus of my country and the global financial industry.
Regarding the digital transformation of the financial industry, Li Dongrong believes that the first is to implement innovative development concepts and improve the interaction and integration mechanism of finance and technology.
In the process of digital transformation, the financial industry should be a leading application of scientific and technological innovation achievements, give play to the innovation demonstration effect of the financial industry as a technology-driven industry, and enhance independent innovation capabilities and the security and stability of the key core technology supply chain.
At the same time, we should be a strong supporter of scientific and technological innovation activities, lay out the capital chain around the innovation chain and the industrial chain, and improve the comprehensive service system covering the entire life cycle of scientific and technological innovation entities.
The second is to implement the concept of coordinated development and build a healthy and balanced digital financial ecosystem.
In the process of digital transformation, the financial industry should better balance financial technology and regulatory technology, financial institutions and technology companies through measures such as deepening financial technology innovation regulatory tools, improving financial technology cooperation regulations, strengthening consumer protection and digital financial education, etc. The important relationship between the supply side and the demand side of financial services makes the structure of the digital financial ecosystem more reasonable, competition and cooperation more benign, and operation more orderly.
The third is to implement the concept of green development and promote the in-depth application of green financial technology.
In the process of digital transformation, the financial industry should focus on resonating with the green transformation of the economy and society, and use financial technology to solve global common problems such as high green identification costs, difficult capital penetration monitoring, and lack of environmental risk management tools.
At the same time, we will make good use of China's innovation and scale advantages in the two fields of financial technology and green finance, and strive to lead the development of global green financial technology.
The fourth is to implement the concept of open development and promote the two-way opening of finance in the digital age.
In the process of digital transformation, the financial industry should steadily and orderly promote exchanges and cooperation in the fields of capital, technology, talent, and supervision under the established policy framework of the country to promote two-way financial opening.
At the same time, it strives to deeply participate in and even lead the formulation of relevant international standards and rules in advantageous fields such as mobile payment, digital banking, and legal digital currency, and actively contribute Chinese solutions to the reform of international financial governance.
The fifth is to implement the concept of shared development and deepen the construction of a digital inclusive financial system.
In the process of digital transformation, the financial industry should adhere to the concept of “finance for the people, science and technology for good”, and promote the financial needs of small and micro enterprises, “agriculture, rural areas and farmers”, low-income groups, the elderly, the disabled and other special groups. The application of science and technology penetrates from marketing customers to core links such as risk management, process management, and ecological operation, realizing marginal improvements in the directness, appropriateness and compatibility of inclusive financial services.
The 4th China Internet Finance Forum in 2020 has the theme of "Based on Finance for the People, Promoting Science and Technology and Facing the Digital Transformation of the Financial Industry in the Fourteenth Five-Year Plan".
Li Dongrong said that this has very important practical significance.
The digital transformation of the financial industry is a complex systematic project with great significance and arduous tasks.
I believe that with the joint efforts of financial management departments, industry associations, financial institutions, technology companies and other parties, we will be able to continuously improve the digital level of the financial industry and contribute financial strength to accelerate the construction of a new development pattern.
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