The first 2019 Financial Technology Innovation and Development Summit Forum was successfully held

On the afternoon of October 19, 2019, with the full support of the US China Investment Promotion Association, the first Financial Technology Innovation and Development Summit of 2019 was successfully held in Hefei, hosted by Frontier Holdings Group, Everbright Finance, Frontier Era Cultural Communication Company, and Luyang District Big Data Industrial Park. More than 400 experts, scholars, and entrepreneurs from the fields of technology and finance from across the country participated in this forum, where they sat on stage discussing the financial "business" and received enthusiastic responses and continuous applause from the audience. Dr. Zhang Jiahao, Chairman of the US China Investment Promotion Association, Mr. Shen Tianang, Vice Chairman, Dr. Chen Binghua, Executive Secretary General, and Mr. Li Yize, Deputy Secretary General, jointly participated in this event. The first Financial Technology Innovation and Development Summit in 2019 was chaired by Mr. Li Jun, Deputy Secretary General of the China Region of the US China Investment Promotion Association.

Against the backdrop of the development and application of emerging technologies such as cloud computing, big data, artificial intelligence, blockchain, and the Internet of Things, the financial industry is stepping into the era of FinTech and smart finance. Technology has become an important breakthrough for innovation and transformation of financial institutions. This forum revolves around two main themes: the development trend of financial technology and the application of emerging technologies in the financial industry. The keynote speakers include internationally renowned investors Dr. Zhang Jiahao, Chairman of the US China Investment Promotion Association, Dr. Ding David (Canada), Founder of the Financial Tree System and Advisor to the Boao Forum for Asia, and Dr. Fan Hengsen, former Vice Mayor of Ma'anshan City and Vice Chairman of Anhui Provincial Federation of Social Sciences, currently serving as a partner of multiple fund companies, and Mr. Sun Qiang, Chairman of Anhui Guangda Caiwen Enterprise Management Co., Ltd., together discussed how financial enterprises can transform The hot issues of how big data technology applications can enhance industrial value have jointly led an industry event with international academic significance, industry authority, extensive application, and healthy development, leading the forefront of international financial technology application trends.

Dr. Zhang Jiahao believes that on the one hand, the development of traditional finance itself requires technological innovation to improve efficiency, reduce costs, and prevent risks, which provides huge business opportunities for technology finance companies like Everbright Finance; On the other hand, fintech companies will integrate their most advanced technology and solutions into the traditional financial industry, eliminating the difficulties, focal points, and even pain points in the traditional financial field, and creating a more efficient financial ecosystem to meet consumer needs and ensure consumer financial security.

Zhang Jiahao also stated that in the current era of deep technological transformation in the financial industry, financial institutions actively release the commercial potential of massive data to provide professional and accurate information references for marketing personnel, leading customer service from "experience oriented" to "data supported", providing intellectual and technological support for scientific decision-making, strategic upgrading, and business transformation. "To this end, we must attach great importance, take it seriously, take multiple measures simultaneously, explore and innovate, including refining the digital leadership team, adjusting the digital organization according to local conditions, building a digital talent team, and promoting the sustainable and healthy development of the financial industry."

At present, technological changes led by big data, cloud computing, blockchain, artificial intelligence, and others are constantly empowering financial services, accelerating the subversion and reshaping of the connotation, model, and industrial chain of financial services, and ushering in a new era of transformation.

Dr. Fan Hengsen, Ph.D. in Economics and double postdoctoral fellow in Finance, used the current difficulties faced by small and medium-sized enterprises as an example to analyze in detail the reasons for financing difficulties. He believes that any enterprise labeled as "high energy consumption, high pollution, and overcapacity" or "two highs and one surplus" will directly affect the difficulty, scale, and speed of financing. This requires enterprises to change their operating methods and increase their transformation efforts, actively embracing strategic technology industries Cultural industries, modern service industries, etc.

In the 1980s, as one of the first practitioners of international finance in China, he was the first to obtain the most authoritative professional qualifications in international finance (including CFA, CFP, RFC, etc.) and was known as the "Chinese Financial Market Diagnostician". Professor Ding David, the founder of the financial tree system with multiple intellectual property rights protection worldwide, started with the changes in the stock index futures markets of China and the United States, This article provides a detailed explanation of the tremendous empowering effect of technological innovation on the financial market, and deeply elaborates on the argument that finance is the lifeblood and core of the economy. It also argues that "the development of finance requires an increase in speed, and technological development can greatly assist speed. The development of the stock market from handwritten orders to computer program trading now relies on technological progress. Therefore, technological innovation can empower finance.".

At this summit, Sun Qiang, Chairman of Anhui Guangda Caiwen Enterprise Management Co., Ltd., detailed the nature, service characteristics, and operation mechanism of Guangda Caiwen from five aspects: safety, compliance, risk control, scale, and professionalism. It can "comprehensively and one-stop solve financing difficulties", and the market response is "unexpected". He also stated that, By the end of 2019, Everbright Finance will have 200 branches and 1000 offline marketing outlets, and will achieve thousands of stores in thousands of cities within five years.

The industry regulatory authorities, experts and scholars, various financial institutions, technology suppliers, investment institutions, and representatives from the media at the forum exchanged and discussed in-depth topics such as the hotspots and focuses of financial technology innovation, as well as the current status and trends of new financial technology development, triggering a "brainstorming storm".

This forum combines multiple advantages and brings in-depth thinking and international forward-looking perspectives to on-site fintech companies, financial security certification agencies, banking institutions, academic experts, and industry practitioners. Fintech is undoubtedly causing significant changes to the traditional financial industry landscape, changing financial service models and products. How to better utilize technology to serve finance and the real industry requires the joint efforts of industry professionals to promote sustainable innovation and healthy development of the fintech industry, promote fintech to serve the real economy, and collaborate to build a harmonious and win-win financial ecological environment.

The forum has achieved a complete success and profound significance. After the meeting, the guests took a friendly group photo to commemorate it.