2022 China (Beijing) Digital Finance Forum Held in Beijing

On the morning of September 8, the 2022 China (Beijing) Digital Finance Forum was held in Lize Financial Business District. It is reported that in the next step, Beijing will focus on strengthening digital financial technology innovation as the main focus to stimulate the momentum of financial digital development; take infrastructure construction as an important responsibility to consolidate the basic support for the development of digital finance; take digital transformation as the development direction to stimulate The vitality of digital operation of financial institutions; with the optimization of products and services as the core orientation, to improve the level of financial services that benefit the people and enterprises; with financial security as the bottom line of development, escort the healthy development of digital finance in the capital.

In August this year, the "Beijing Financial Industry Development Plan during the 14th Five-Year Plan Period" was officially issued, which clarified the development goals, tasks and measures of the capital's financial industry in the next stage. The "Planning" stated that in the next five years, Beijing will give full play to the superimposed advantages of "finance + technology + data", with the deepening of digital industrialization and financial digitization as the main line, focusing on the two-way force on the supply side and the demand side, and giving full play to the synergy of financial reform and financial opening. Focus on the development of a modern digital financial system that matches the functional positioning of the capital, and create a digital financial demonstration zone with complete market elements, strong development momentum, outstanding innovation capabilities, and a sound governance system, providing a solid guarantee for Beijing to build a global digital economy benchmark city.

It is understood that in the next step, Beijing will focus on strengthening the following five areas:

The first is to take digital financial technology innovation as the main starting point to stimulate the development momentum of financial digitalization. Pay close attention to the development trend of Web3.0, give full play to the advantages of the innovative consortium mechanism, deeply tap the application potential of information technology and data elements, focus on the core needs of financial digital transformation, promote the construction of digital financial application scenarios, and further promote intelligent networks, distributed computing, and virtual reality. and other cutting-edge technologies are applied in the financial field.

The second is to take infrastructure construction as an important responsibility to consolidate the basic support for the development of digital finance. Focusing on the construction requirements of the national financial management center, support data centers, storage centers, computing power centers, risk control centers, dedicated networks and other major financial infrastructure operators in Beijing to develop and guide technology market players in Beijing to actively develop and provide regulatory technology, security Scientific and technological services, providing strong support for the national financial management department to apply financial technology to innovate regulatory tools and improve the multi-level regulatory mechanism.

The third is to take digital transformation as the development direction to stimulate the vitality of digital operations of financial institutions. Grasp the development trend of the digital economy, guide financial institutions in Beijing to strengthen digital and intelligent management and business thinking, build an agile organizational system, set up technology specialized departments or legal entities, enhance the ability to use digital technology for risk monitoring, analysis and early warning, and improve the capital's financial industry. Comprehensive strength and core competitiveness.

The fourth is to optimize products and services as the core orientation, and improve the level of financial services that benefit the people and enterprises. Adhere to the purpose of financial services for the real economy, rationally and compliantly apply digital technology and data technology, enrich the supply and service channels of digital financial products, and provide services such as small and micro finance, rural finance, supply chain finance, green finance, and accessible finance. High-quality solutions help to further enhance financial inclusion and green capabilities.

Fifth, take financial security as the bottom line of development to escort the healthy development of digital finance in the capital. Adhere to the principle that all financial activities are included in supervision, strengthen the governance of digital financial behavior, guide market entities to correctly establish scientific and technological ethics, conduct research and business innovation on the confirmation, pricing, transaction of data assets and digital assets in an orderly manner, and severely crack down on innovation in the name of The market speculation and illegal financial activities carried out to prevent the financial risks derived therefrom.