On October 26 afternoon, “Huarui Fintech Salon (No. 6)” (also Macro-Finance Salon No. 200), co-organized by Shanghai HuaRui Bank, the International Monetary Institute (IMI) of Renmin University of China (RUC) and RUC FinTech Institute, was held online. Themed at “Blue Oceans of Digital Intelligence Fintech Service Industry”, the salon was joined by keynote speaker Cao Tong, Chairman of HuaRui Bank. Fellow participants of the salon include Ben Shenglin, Co-director of IMI and Dean of Zhejiang University International Business School and RUC FintTech Institute, Ma Hongjie, Vice President of Digital China Information Service Company Ltd. (DCITS), and Wen Jirong, Dean of the School of Information, RUC and Executive Dean of Gaolin School of Artificial Intelligence, RUC. The seminar was moderated by Song Ke, Deputy Director of IMI and Executive Director of RUC FinTech Institute.

In his keynote speech, Cao Tong shared his views on the prospects of the smart digital financial services. He first pointed out that digintelligence is the future growth mode for financial services. Improved digital capabilities and sweeping digital technologies are refining industries, and end-customers are moving resources, capitals and talents to B2B commerce, bringing both challenges and opportunities.

Second, he proposed that financial industry should equip themselves with digintelligence capabilities, in particular, digital interaction and risk control. Since the unitary and single-centered demand is shifting to the diverse and multi-centered, platform ecosystems become the common pursuit of the financial sector and others, and financial risk control and regulation are indispensable. Then, he explained how to lead the financial industry to blues oceans. Digital intelligence finance is already feasible with huge growth potential in consumption, logistics, and industries related to agriculture, rural areas and farmers and carbon neutrality and peak. Riding on the trend from the digital red ocean of B2C to the digital intelligence blue ocean of B2B, financial institutions can start from the aforementioned industries to explore new industries, new ecology and new models.

Finally, he talked about the development of banks and held that Internet banks, digital banks and open banks are future choices. Amid the transformation, leverage ratio control needs to be improved and the focus of risk control will change from subject credit to Eco-credit.