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– Xinhua Silk Road: Experts gather to discuss innovation, fintech development and Chengdu’s role as fintech highland

BEIJING, Jan. 15, 2024 /PRNewswire/ — Several renowned experts in the financial sector gathered on Friday at the Jiaozi Financial Museum, a cultural landmark in Chengdu, capital of southwest China’s Sichuan Province, to jointly explore the path of innovation and development of financial technology, aiming to accelerate the construction of Chengdu as a highland of financial technology development.

Chengdu has a long history of financial innovation. A thousand years ago, the world’s first paper money, the Jiaozi, was born here.

In recent years, under the goal of building a Western financial center in the southwestern Chengdu-Chongqing area of ​​the country, Chengdu has promoted the financial technology industry to build a strong chain, strengthened the application of financial technology innovation , and continuously brought together the financial technology industry represented by big data, cloud computing, artificial intelligence (AI), blockchain and the Internet of Things.

Chengdu has a strong background in the financial sector, with national demonstration zones such as the National Independent Innovation Demonstration Zone and the National Next Generation Artificial Intelligence Innovation and Development Demonstration Zone, and rich resources scientific and educational. It is a dream capital and a dynamic city for innovators and entrepreneurs,” said Liang Qizhou, director of the Chengdu Municipal Financial Regulation Office.

In the latest edition of the Global Financial Centers Index (GFCI34), Chengdu’s financial technology specialty is ranked 18th in the world, 4th among Chinese mainland cities, surpassed only by Shenzhen, Shanghai and Beijing, and first in the central and western regions of China.

Through continuous efforts in recent years, Chengdu’s financial technology development system and mechanism have been continuously improved, and the national financial technology innovation pilot has been achieved. Chengdu fintech shows a good development trend of high activity, good growth and strong innovation, and its influence and radiation are constantly improving, Liang added.

Li Zheng, vice president of the Central University of Finance and Economics, believes that the source of financial technology innovation lies in the ecology of financial technology. To achieve the overall improvement of financial services to the real economy in terms of speed, breadth and accuracy, it is necessary to continually improve the quality of finance itself and better serve the real economy by integrating new technologies such as AI.

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