Launch of the List of Top Fintech Leaders and Fintech Rising Stars
2018-01-06 IMI
Zhang Jianxing, vice president of People's Daily, addressed a speech at the launch ceremony. He pointed out that finance is the core of modern economy, and the extent to which financial services support real economy is the key to solving the problem of our "insufficient or imbalance economic development". Now given that China stands at the forefront of global financial technology innovation, a large number of Fintech enterprises with international influence and competitiveness have emerged. Behind these successful companies are outstanding leaders. Telling people’s stories is the strength of Global People, of course it won’t miss these wonderful people’s stories of our time.
Ben Shenglin, IMI executive director and dean of Zhejiang University Academy of Internet Finance, announced the lists and gave his interpretation from a professional perspective. He explained the selection criteria, including indicators such as task performance, management performance and behavior performance, from three aspects of IPE, Delphi model and financial enterprise classification standard. The criteria shows the validity of the selection.
During the ceremony, organizers and representatives of the companies on the lists made a commitment in a joint declaration, just as the theme suggested, that they would never forget why they started, that they would develop financial services in order to support real economy, effectively improve risk management, and make financial innovations to build a better future; that they would focus on securing and improving people's livelihood, taking the lead in this sector, in order to contribute to a comprehensively well-off society and the great rejuvenation of the Chinese nation.
Later, Ben Shenglin and Xie Xiang, editor-in-chief of Global People, together with 20 winners came on to the stage and signed the joint declaration.
Then the speech “Folding Financial Space” was delivered by Li Lihui, commissioner of NPC Financial and Economic Commission, leader of block chain working group of China Internet Finance Association and former president of Bank of China. He said that finance is no longer two-dimensional, but a three-dimensional space that can be folded. Institutional innovations should be made to improve the institutional environment of big data application, establish a unified sharing system of big credit, normalize the prudential supervision system for digital finance, and in the end achieve “penetration” supervision.
Wu Xiaoqiu, vice president of Renmin University of China, said in a keynote speech that innovation is always made by the minority and there are very few people who can see the future. Even if the future picture is still not clear today, and to achieve the future means great difficulties, if one believes that the future will come, he would be faithful.
When it comes to financial regulation, Prof. Wu believes that regulation is not about eliminating risk, which is impossible in the financial world. Risks can only be prevented. We can only prevent individual risks from developing into systematic risks. China's financial industry requires systematic and comprehensive thinking, because rational thinking is more meaningful than simple conflict thinking, and we shouldn’t interpret without real understanding.
Lai Zhiming, vice president of Tencent and Ye Daqing, co-founder and CEO of Rong360, both gave a speech as representatives of the winners.
In his speech, Mr. Lai said that with the success of payment business, finance will become more important in the future. Ye Daqing believes that we need to improve efficiency, reduce risk, provide a better user experience, so that we can make finance services more accessible and make people happier.
Following the launch of the lists, participants held two round table sessions on “the relationship between innovation and regulation” and “traditional finance and financial technology".
When it comes to the impact of finance on economic and social development, participants considered that both emerging and traditional finance are the life blood of modern society. Their operation efficiency, cost and risk control have a profound impact on economic and social development. Therefore, we must embrace new technologies to speed up the improvement of quality.
At present, the era of “making money by simply lying down” in the financial sector has gone. Now we need better technologies. The financial sector relies on data and technologies. However, China’s financial technology is still in a very early stage.
Participants also systematically reviewed financial technology supervision, systematic financial risks, macro-prudence and micro-prudence. They generally believe that instead of rejecting financial innovation, they should have a better understanding of financial innovation and embrace it. Because regulation always lags behind innovation, there needs to be room for regulation.
During the event, the stars in financial field gathered together and shared their insightful thoughts. As pointed out by Song Ke, deputy director of IMI, that the theme of this event is quite relevant: remember why we started, meaning adhering to the principle of “Fintech supports real economy” and ensuring no systematic risks; work towards the future, meaning to lead the future financial development with scientific and technological innovations ".
At the end of the event, Xie Xiang said in her concluding remarks that Global People, as China's most authoritative platform for reporting people’s stories, regards telling the stories of people in our time as its mission since it started. Global People will continue to focus on financial industry which is of great significance, and she extended her best wishes to these winners who could lead the industry to a brighter future with a sense of mission, and that she looked forward to meeting again on the next year’s event.
