ON October 13, China Institute for Actuarial Science and the School of Finance jointly held the "China Financial Technology Innovation Summit and China Financial Technology Innovation Development Index Conference" in Beijing. The summit was attended by Wei Yingning, former Vice Chairman of CIRC, Ni Guangnan,Memeberof the Chinese Academy of Engineering, Professor Liu Zhuojun, former Deputy Director of Zhongguancun Management Committee, and other guests; Professor Li Tao, the Assistant to President of our university, opened the summit; Li Xiaolin, Dean of the School of Insurance of CUFE, Tan Xiaofen, Vice Dean of the School of Finance, Zhou Ming, Vice Dean of the China Institute for Actuarial Science, Zhao Shanmei, Director of the Department of Finance of Beijing University of Aeronautics and Astronautics, and Liu Bo, Chief Operating Officer of Xinwang Bank and other representatives of new financial industry.
In his speech, Li Tao, the assistant to president of CUFE, said that CUFE is the first among the universities in China to establish the Department of Financial Science and Technology and the Financial Science and Technology Laboratory, with the guidance of financial science and technology talent cultivation and the support of financial science and technology academic frontier issues research, to build a financial science and technology education platform and open exchange platform led by talent cultivation, theoretical research and innovation. This summit is jointly organized by the China Institute for Actuarial Science and the School of Finance of our university, with the aim of building an exchange platform between finance and technology, where we can unravel the mystery of fintech, understand the power of fintech in reshaping finance and jointly promote the development of fintech.
Wei Yingning, former Vice-Chairman of CIRC, has always been interested in supporting the development of actuarial education at the Central University of Finance and Economics, and during his tenure as Vice-Chairman of CIRC and President of the China Actuarial Association, he was a frequent guest of CUFE. In his speech, Chairman Wei believed that technology to promote financial innovation should include three levels, namely development, integration and formation, and defined the three stages of fintech, and proposed the top ten thoughts of fintech.
Speech by Wei Yingning, former Vice-Chairman of CIRC
In his speech, Ni Guangnan, an academician of the Chinese Academy of Engineering, expressed his affirmation of the work of the team of Zhang Ning, Chen Hui and Zhao Liang on the evaluation of financial science and technology index, and highlighted that the development of financial science and technology must be based on "independent and controllable", and also mentioned that the development ofFintechcannot be separated frompersonneltraining and education.
倪光南院士致辞
Then, Zhang Ning, Director of the Financial Science and Technology Center, officially released the FinTech Innovation Index. The index is based on 86T financial data and the leading financial knowledge mapping and 176 trillion computing power, which is used to evaluate the financial technology innovation ability and comprehensive service innovation ability of financial enterprises and financial technology enterprises. The printed version of the index report is an important part of Fintech Book Series of the Central University of Finance and Economics, and will be published by the Economic Science Press before the end of the year.
Zhang Ning presented FinTech Innovation Index,Finance Brain, Fintech Book Series
Based on the evaluation results of the index, the summit also awarded the FinTech Innovation Award for financial enterprises and the FinTech Integrated Service Innovation Award for financial technology companies, and eventually Yangguan Insurance, Life Insurance, Huaxia Insurance, Hongkang Life, Industrial Bank, Pudong Development Bank, Ant Gold Service, Jingdong Financial and other institutions won the award.
Award Recipients
In the following report,ProfessorLiu Zhuojun, former vice president of the Institute of Mathematical and Systematic Sciences of the Chinese Academy of Sciences and former deputy director of the Zhongguancun Management Committee, made three points: first, the results of innovation need to be tested and tested by time and practice; second, the work of innovation needs to be supported by technology; third, the promotion of innovation also needs the cultivation of brands.
Speech by Liu Zhuojun, former deputy director of the Zhongguancun Management Committee
ProfessorTan Xiaofen, Vice Dean of the School of Finance, gave a speech on the topic of "What's different about this round of RMB devaluation". He mainly gave an analysis of where the yuan devaluation made a difference on August 11.
Speech by Tan Xiaofen, Vice Dean of the School of Finance
Then, Professor Li Xiaolin, Dean of the School of Insurance, gave an in-depth analysis of the value chain of the insurance industry reshaped by financial technology, saying that financial technology has a corresponding impact on the insurance industry in terms of both technology and social economy, as well as business structure, insurance risk, etc. "In the smart world, technology has brought us some disruptive innovations that bring breakthroughs in the competitive landscape, and there's a lot of risk and confusion to overcome."
Speech by Li Xiaolin, Dean of School of Insurance
In the afternoon, Liu Bo, Chief Operating Officer of Xinhuanet Bank, gave a speech on "How to build a digital technology universal bank"; Zhang Ning, Director of Financial Science and Technology Center of our institute, gave a speech on "7 Problems of Finance Embracing Artificial Intelligence"; Chen Hui, Deputy Director of Financial Science and Technology Center of our institute, gave a speech on "The Beauty of Small Data: How to Meet Self, World and Future in the Intelligent Era"; Que Xiaocong, Director of Blockchain Lab of FintureLabs, gave a speech on "The Application of Blockchain in Insurance Technology".
Speech by Chen Hui, Deputy Director of Financial Science and Technology Center
The development of fintech is a major thrust at the Central University of Finance and Economics (CUFE). CUFE has taken the lead in establishing a fintech major in the country and helping the industry to grow through a series of initiatives such as the establishment of a fintech innovation laboratory. Based on the research and experience in the past years, the team of Ning Zhang and Hui Chen of the Financial Technology Center of CUFE has completed the evaluation of the FinTech Index and the released of the FinTech Index today to evaluate the FinTech innovation ability of financial institutions and FinTech companies, through which we hope that the work can help the industry's FinTech transformation from multiple perspectives, and we will continue to promote the university's research, cooperation and industry application in FinTech.
