Professors Research into Financial Opening-up in Qianhai
Aug 26-2022
On August 17, a delegation of researchers from PKU Institute of Digital Finance (IDF) participated in a seminar centered on the opening-up of the financial industry pioneered by Qianhai, part of Shenzhen.
Prof. Huang Yiping, Director of IDF and Associate Dean of the NSD, his colleagues Prof. Wang Haiming, Prof. Shen Yan, Prof. Huang Zhuo, Prof. Xu Jianguo, Prof. Xie Xuanli, and Prof. Gong Qiang, were joined by government officials and industry representatives. The seminar was co-organized by IDF and Nanfang Daily.
Mr. Wang Xianzhong, Senior Commissioner with Shenzhen City Qianhai Local Finance Supervision and Management Bureau, in his welcome speech outlined the key role of Qianhai as a pilot zone for the opening-up of China’s financial industry as well as its achievements in cross-border finance, collaboration among Shenzhen, Hong Kong and Macao, and the forging of an international financial hub. Mr. Gan Xueming, who heads the Shenzhen Branch Office of Nanfang Daily Media Group, briefed the participants on Nanfang Daily’s reports on the role of Shenzhen’s financial sector in supporting the real economy.
Representatives of a dozen financial companies, both foreign and domestic, took turns to share their respective experience and offer policy advice. Then the IDF researchers conducted in-depth discussions with corporate and institutional representatives on issues concerning industrial finance, cross-border data circulation, and client acquisition by Fintech firms.
Prof. Huang Yiping summed up the discussions by commending the vitality of the financial industry in Qianhai, evidenced by the innovations and accomplishments of both traditional and digital financial institutions in the area. He particularly praised the support provided by Fintech to the innovative activities of small and medium-sized companies, the assistance to small and micro firms through ‘2B’ logic typified by industrial chains and supply chains, and the innovative exploration of cross-border financial businesses in Qianhai area.