[Member Dynamic] Zhu Yedong: “China will be the world’s largest financial technology application market”
Time：2017-12-09 15:31:31
Collection
On December 9, 2017, the Annual Report on China’s Fintech Development(2017) and Annual Report on China’s Asset Securitization Development(2017) New Book Launch Conference and Financial Technology Development Summit Forum were Successfully Held in Beijing.
The theme of this conference is “Strengthening financial supervision and reshaping financial technology”, sponsored by the National Finance and Development Laboratory, and organized by the Social Science Literature Press. The co-organizer is the Beijing Blockchain Application Association and the academic support agency Tsinghua PBCSF. College Internet Finance Labs participate in creating. A total of more than 400 leaders and industry experts and scholars from regulatory agencies, banks, financial technology companies, consumer finance, internet finance, payment platforms, securities, insurance, investment and financing institutions attended the conference.
As the executive editor of the Annual Report on China’s Fintech Development(2017) and Annual Report on China’s Asset Securitization Development(2017), Dr. Zhu Yedong, Chairman of Beijing Blockchain Application Association attended the meeting and gave a wonderful speech.
Dr. Zhu Yedong, Chairman of Beijing Blockchain Application Association, gave a speech
For the future development of China’s financial technology, Dr. Zhu Yedong’s analysis will have 10 major trends: financial science and technology will develop rapidly in the next decade; China will be the world’s largest financial technology application market; financial science and technology will return to the nature of science and technology and provide financial institutions with Energy; Internetization of traditional financial services will become the main development model of future financial technology; scenario demand will promote the development of financial science and technology; focus on users and create a C2B financial life; traditional finance and financial technology will be mutually integrated; Changes in competition with the head; risk management capabilities become the core competitiveness of financial science and technology; supervision tends to normalization, licensing, specialization, and technology.
Dr. Zhu Yedong emphasized that financial technology should return to the nature of science and technology, empower financial institutions and serve finance. With the popularization of the Internet, breakthroughs in big data, blockchain, and artificial intelligence technologies have enabled the continuous integration of information technology and finance. Traditional financial service modes have changed, and the effect of technology on financial empowerment has become an inevitable trend. Financial technology is positioned as a technology service in the financial industry. It is a booster rather than a competitor. It focuses more on empowering the financial industry than on subverting traditional financial models. It also focuses on technological development and services rather than suppliers of financial products.
Dr. Zhu Yedong pointed out that China will become the world’s largest market for financial technology applications. On one hand, the application rate of China’s financial technology in 2017 was 69%, and that of the United States was 33%. China’s financial technology applications have significantly surpassed the United States. On the other hand, from the perspective of investment scale, the global financial technology investment in the first half of 2017 was 53 billion yuan, and the investment in China’s financial science and technology was 21.7 billion, accounting for 41% of the global investment, and almost twice that of the United States. It is an indisputable fact that China has become the world’s largest application market for financial technology.
“In the era of industry, finance and the scene are separate; in the Internet era, the trend of deep integration of finance and the scene is very obvious.” Dr. Zhu Yedong believes that unlike previous technological developments prior to application scenarios, the future of financial technology will be the needs of the scene drive the development of technology. For example, a very obvious trend in the blockchain is that only the blockchain technology, the business may not be able to develop, it must also have an application scenario, the technology without the scene can not play its social effects. The Beijing Blockchain Application Association (BBAA), chaired by Dr. Zhu Yedong, is the first blockchain application association in China and brings together a number of scene units such as the gold exchange and the stock exchange, and is committed to promoting the block. Chain technology provides services and support for innovative applications in many fields, including finance.
Finally, as the executive editor of the Annual Report on China’s Fintech Development(2017)and Annual Report on China’s Asset Securitization Development(2017), Dr. Zhu Yedong stated that under the strong support of the relevant leaders of the People’s Bank of China, the two annual blue book collections together with authoritative voices, answered many of the core issues in the financial science and technology field, precisely controlled the growth and innovation trends of the industry, and gained insight into the nature of development. This is an important milestone in the research and application of financial technology and asset securitization.
（Source：China.com.cn）
Beijing Blockchain Technology Application Association
December 9, 2017
BBAA
Project Investment