On May 9, the Memorandum Signing Ceremony of Fintech professional Cooperation and First Fintech and Digital Economy Development Forum, co-hosted by BNUBS, Beijing Municipal Local Financial Supervision Administration, and PBC School of Finance, Tsinghua University was held at the Yingdong Academic Hall, Beijing Normal University.

 

 

Cheng Jianping, Party Secretary of Beijing Normal University, attended the forum and delivered a speech. He pointed out that the current development of financial technology has injected a new impetus into China's economy. Based on the new development stage and by implementing the new development concept and building a new development pattern, the university attaches great importance to the cultivation of financial interdisciplinary talents. BNUBS has cooperated with Beijing Municipal Financial Supervision and Administration Bureau and PBC School of Finance, Tsinghua University, to offer undergraduate programs in financial technology. The strong alliance of the three parties will promote the in-depth integration of first-class theoretical research, first-class regulatory practice and first-class talent training in the field of fintech.

 

Cheng Jianping, Party Committee Secretary of BNU, delivered a speech

 

Li Wei, Director General of the Department of Science and Technology of the People's Bank of China, congratulated the signing ceremony and the opening of the forum. He pointed out that to fulfill the new mission of fintech development in the 14th Five-Year Plan period, we must strengthen the talent base. It is necessary to adhere to the positive and virtuous principles, establish correct values and ethics, and cultivate high-quality fintech talents with both integrity and ability. We should also strengthen overall planning and coordination, accelerate the development of standards for fintech talents, and promote the standardized development of talents and mutual recognition of their abilities. And it is hoped that institutions of higher learning and financial institutions will actively explore the new mode of industry-university-research cooperation in running schools and educating people through cooperation. We should also emphasize demand-oriented, give full play to the role of vocational training, and improve the supply quality and sustainable development level of fintech talents.

 

Li Wei, Director-General of the Science and Technology Department of the People's Bank of China, delivered a speech

 

Huo Xuewen, Secretary of the Party Leadership Group and Director of the Beijing Municipal Financial Supervision Administration, thanked people from all walks of life who have long cared about and supported the capital's financial development. He said that vigorously carrying out the training of fintech talents is an internal demand for Beijing to build a globally influential fintech innovation center, and Beijing should step up efforts to build a high-level fintech talent training system that is in line with its own functions. Beijing is the best source base of basic research and cutting-edge technological innovation, the best test ground for the most extensive application of fintech scenarios, and the most open stage for international exchanges and cooperation. We believe that with the joint efforts and promotion of all of you, outstanding fintech talents will continue to emerge in Beijing, and the high-quality and innovative development of Beijing's fintech will reach a new level.

 

Huo Xuewen, Secretary of the Party Group and Director of the Beijing Municipal Financial Supervision Administration, delivered a speech

 

In his speech, Mr. Liao Li, Associate Dean of PBC School of Finance, Tsinghua University, reviewed the development of tripartite cooperation since the initiative and expressed his gratitude to leaders and friends from all walks of life for their support. He proposed to strengthen cooperation in the three areas of curriculum, student paper guidance and scientific research in the future. He pointed out that financial technology has injected new vitality into financial development, but also brought new challenges. It is increasingly becoming a new research direction, attracting the attention of more and more domestic and foreign scholars and academic journals. However, many important research questions have yet to be answered. Scientific research is an important support for discipline development and talent training, and fintech is a new field. So we hope that Tsinghua University and BNUBS can carry out solid research cooperation.

 

Liao Li, Associate Dean of PBC School of Finance, Tsinghua University, delivered a speech

 

Wang Shoujun, Vice President of Beijing Normal University presided over the speech and the signing ceremony. In the presence of the guests, the memorandum of cooperation was signed by Qi Yudong, Dean of BNUBS, Huo Xuewen, Secretary of the Party Leadership Group and Director of the Beijing Municipal Financial Supervision and Administration Bureau, and Liao Li, Associate Dean of PBC School of Finance, Tsinghua University.

 

Wang Shoujun, Vice President of Beijing Normal University presided over the ceremony

 

The signing ceremony

 

A group photo

 

After signing the contract, we move to the next part: the delivering of keynote speeches. The first half was presided over by Cai Hongbo, Associate Dean of BNUBS.

 

Wu Xiaoqiu, Former Vice President of Renmin University of China and President of Capital Market Research Institute, pointed out in his speech that we should have a profound understanding of finance. The essence of modern finance can be summarized in a word as the allocation of resources across time and space. Finance is a starting point. After disintermediation, the market boundary is opened, and the function will be greatly improved. And we will go up from this starting point. This is the power of science and technology, which can greatly improve the efficiency of finance. In addition, to promote financial reform, we need a very important innovation, namely regulatory innovation.

 

Wu Weixing, Vice President of the University of International Business and Economics, raised questions from three aspects. First, the development of financial technology has changed the accessibility of finance. Previously, commercial banks may be the main service, while the capital market mainly serves large and medium-sized enterprises. However, financial technology can provide more services to households and small, medium and micro enterprises. Secondly, from the perspective of Chinese families, wealthy families invest their assets more efficiently and use better leverage, which leads to a larger wealth gap. The third is how to choose financial product design strategy. Because many investors do not see the risk and benefit structure of financial product design, it is important for regulators to participate in the design of financial product.

 

Guo Weimin, Chief Scientist at the Bank of China, believes that the 14th Five-Year Plan period is when the whole society moves from a digital process to a digital one, and its core driving force is the development of technology. owever, what we cannot avoid is the relationship between artificial intelligence and human beings. There are still many uncertain factors for us to consider whether the machine will replace human beings or whether the machine will co-exist and develop together with us. The relationship between technological change and social and economic development is that technological change promotes social development, while social development itself forces technological change. This is also the difficult problem that Beijing faces. How to support the development of fintech and sci-tech finance?

 

Zhou Yonghong, General Manager of ICBC Technology (Beijing) Co., mentioned that banks must keep the essence of finance. It is the goodness in finance that generate the goodness in technology. If our innovation goes off track, it will affect the property safety of hundreds of millions of people and even shake the country's financial system. But the bank also wants and is trying to spin off a relatively small technology company to do some new financial innovation. Taking the financial innovation of ICBC Technology as an example, he described a brand new prospect of a new financial business form and hoped to open up a new blue ocean of Finance + with the power of science and technology.

 

The first half keynote speech

 

He Liping, Professor at BNUBS and Director of the Institute of International Finance, presided over the second half of the keynote speech.

 

Dong Xiaojun, Associate Director of the Economics Department at the Party School of CPC Central Committee of CPC (National Academy of Governance), said in his speech that competition between countries has moved from trade to finance and then to digital. She summed up four characteristics: first, developed countries has build a complete digital trade system rules through regional trade agreements. Second, the European and American paradigms have a significant digital cluster effect, which often forms a strong intellectual property protection for the domestic data. Third, the digital trade rules of the United States, Europe and Japan are highly overlapping and they share the same governance concept. Fourth, digital tax is becoming an important grasp of digital trade rules. And she also put forward four important countermeasures and suggestions for these problems.

 

Xue Zhenghua, Associate Dean of the Fintech Research Institute at Tsinghua University, pointed out that the digital economy has developed rapidly in recent years, but mainly concentrated in the field of personal consumption. Tne important reason is the development of Internet technology. From the Internet to the mobile Internet, to big data, artificial intelligence and cloud computing in less than 20 years, the rapid development of digital economy is inevitable. In the future, industrial digitalization will bring new development space to the industry. In the past, we thought that finance did not serve the real economy, but the current development trend would gradually solve this problem. We also hoped that digital economy can develop better and better in the industrial field.

 

Qi Yudong talked about three issues: first, the operating characteristics and development trend of the digital economy. Second, the historical experience of economic growth caused by deregulation. The third is the direction of regulation in the digital economy era. At present, the digital economy driven by ABCD (artificial intelligence, blockchain, cloud computing, big data) and other underlying digital technologies is booming around the world. China's digital economy is in a period of growth and development. He believed that the regulatory system must adapt to the requirements of the development of the digital economy, not to abolish regulation, not to strengthen regulation, but to speed up the regulatory transformation and the transformation of the digital economy.

 

Finally, He Liping summarized the speeches of the forum guests. He pointed out that the fintech and digital economy represent the new direction of the development of finance, economy, society and even human beings. It is a brand new field, and the construction of fintech major in Beijing Normal University is leading the world. At the same time, the fintech major cultivates new talents. Beijing Normal University is good at education, and we can make a unique contribution in this field. Of course, the construction and development of the fintech major needs the cooperation of industry, education, research and government. We hope that education, research, enterprises, financial institutions and government departments can cooperate and make joint efforts in this field.

 

The second half of the speech

 

In addition, Jiang Nan, Secretary General of Beijing Frontier Financial Supervision and Technology Research Institute, Zou Li, Senior Expert of ABC Financial Technology Co., Ltd, Wang Zhengwei, Associate Party Secretary of PBC School of Finance, Tsinghua University, and and Dr. Xiang Hongyu, PBC School of Finance, Tsinghua University, Sun Zhijun, Party Secretary of BNUBS, Zhang Pindan, Associate Dean of BNUBS, Hu Haifeng, Director of Finance Department of BNUBS, Jiang Jie, Director of Fintech Program of BNUBS, Hu Conghui, Director of Master of Finance of BNUBS, Sun Yunchuan, Director of the Financial Big Data Research Center of BNUBS, Dr. Chen Su, Dr. Lan Rujia, undergraduate students majoring in Finance and Fintech from BNUBS, and representatives of students majoring in related majors. A total of more than 120 people attended the conference. Meanwhile, more than 2,800 people have watched the live broadcast of the meeting online.

 

 

Provided by: Office of Discipline Research