China-Uganda Fintech Seminar
2017-11-17 IMI
Zhao Xijun first gave the welcome address. He stated that Renmin University of China is one of the most authoritative Institutions of higher education in the field of finance and economics in China. He also extended a warm welcome to the Ugandan delegation to visit the university and looked forward to more cooperation between China and Uganda.
Simon Rutega gave the thank-you speech, expressing his great appreciation for the high efficiency and effectiveness of IMI and Rushi Fintech Research Institute to organise this seminar. He also showed his gratitude for the presence of the experts. Meanwhile, he expected to gradually establish deep cooperation through the constant communication among the three parties.
Yang Wang delivered a speech on the Industrial Pattern and Investment Opportunities of Global Fintech. He elaborated the Fintech in terms of the business models, global industrial pattern, investment opportunities in China and future development. He also pointed out Fintech is a type of economic industry following the combination of finance and technology, making the financial service more convenient and efficient. The growth of the gross amount of global investment in Fintech has remained robust since 2010. Compared to advanced countries such as U.K. and America that have strong innovation ability supported by sufficient capitals and talents, China lacks technical innovation skills. However, the large domestic market and political support from the Chinese government must be highlighted. Wang later explained several application cases in detail covering the use of blockchain to build smart city, smart healthcare and bill chain and so forth.
Sun Qian introduced the fintech business in Ant Financial, including blockchain, AI, information security, cloud computing and some other applications within the business. He pointed out that only 20% of consumers were served by traditional financial institutions while the remains were offered services through the technology from Ant Financial.
Finally, the three parties had an in-depth discussion about the present stage, business cooperation models, application prospects and other related aspects of Fintech.
