The colleagues from the Shanghai Committee of the China Zhi Gong Party visited SAIFS at ECNU
Constructing a global finance and technology center is an essential focus for promoting the bidirectional empowerment between Shanghai’s international financial center and its technological innovation center, as well as enhancing the competitiveness and influence of Shanghai as an international financial center. On September 4, the Shanghai Municipal People's Government released the "Shanghai Action Plan for High-Quality Development of a Global Financial Technology Center," which clearly states the need to seize the opportunities presented by the iterative innovation in financial technology. It emphasizes fully leveraging the multiplier effect of technology empowering financial innovation to serve better the needs of safe and controllable development of the modern financial system. The plan aims to advance the high-quality construction of Shanghai's fintech center and strive to establish Shanghai as a globally leading financial technology center within three to five years. To implement this action plan, Shanghai is actively exploring innovative models for the integration between finance and technology. On September 19, colleagues from the Shanghai Committee of the China Zhi Gong Party visited SAIFS at ECNU and discussed cutting-edge issues financial technology development with ECNU’s colleagues.
Mr. Shao Zhiqing, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), Vice Chairman of the Shanghai CPPCC, and Head of the Shanghai Committee of the China Zhi Gong Party, Mr. Ma Jin, a CPPCC member from the Zhi Gong Party sector in Shanghai and former full-time Deputy Head of the Shanghai Committee of the China Zhi Gong Party, and Mrs. Wang Jun, a Standing Committee member of the Shanghai CPPCC, Director of the Financial Committee of the Shanghai Committee of the China Zhi Gong Party, and President of Shanghai National FinanceInvestment Co., Ltd., and other members attended the meeting and delivered speeches.
Prof. Qian Xuhong, President of ECNU and an Academician of the Chinese Academy of Engineering, delivered a speech
Prof. Qian Xuhong, President of ECNU and an academician of the Chinese Academy of Engineering, reviewed the outstanding contributions made by the renowned economist Mr. Chen Biaoru to the development of the financial center in Southern China. He recognized that Mr. Chen Biaoru pioneered the field of international finance at ECNU, laying a solid foundation for financial education in China. Today, as the financial industry faces the challenges of digital transformation, the deep integration of technology and finance has become an inevitable trend. How to permeate the entire financial sector with the concept of "AI+", achieve innovative breakthroughs in both, meet the new demands of social development, drive the innovation of financial disciplines, and enhance the level of financial services are critical issues that need to be addressed urgently. The inauguration of SAIFS at ECNU, on May 31this year marked a significant step forward for the university in the field of "AI+" finance.
Mr. Shao Zhiqing, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), Vice Chairman of the Shanghai Municipal CPPCC, and Chairperson of the Zhi Gong Party Shanghai Committee, delivered a speech
Mr. Shao Zhiqing, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), Vice Chairman of the Shanghai Municipal CPPCC, and Chairperson of the Zhi Gong Party Shanghai Committee, emphasized that Shanghai as an international modern financial center, it is crucial for the city to develop a fully functional science and technology innovation industry in order to achieve the goal of building a "Five Center". He proposed that establishing an integrated development model of "Education, Technology, and Talent" would powerfully drive the financial industry's leap from informatization to intelligence. Mr. Shao Zhiqing also pointed out that the development of artificial intelligence must be closely linked with practical application scenarios. He believes that in the future, SAIFS through extensive practice to promote the deep integration of education and research and cultivate more high-level talents for the financial sector, as well as build an integrated innovation platform for industry-academia-research, thereby accelerating the application and implementation of AI technology in the financial field.
Prof. Shao Yilei, Dean of SAIFS at ECNU, introduced the school's construction
Prof. Shao Yilei, Dean of SAIFS at ECNU, presented an overview of the achievements of SAIFS's inaugural academic conference, the current progress in laboratory’s construction and research work, the advancements in "Government-Industry-Academia-Research-Application" collaboration, and the strategic planning for degree programs. She emphasized that AI-Finance as an emerging interdisciplinary field, not only promotes the deep integration of technology and finance but also provides financial institutions with solutions to reduce costs and increase efficiency. The school is actively collaborating with local financial institutions to establish a joint laboratory for financial technology. The school is dedicated to connecting and integrating fintech and techfin, providing a solid foundation for the development of both centers.
Mr. Wang Junlin, member of the China Zhi Gong Party and Assistant Researcher from SAIFS, presented the research findings
Mr. Wang Junlin, member of the China Zhi Gong Party and Assistant Researcher at SAIFS, presented some recent research findings. As he mentioned, we have developed an organic ecosystem through the creation of three core scenarios: a corporate credit assistance system, a financial risk-controlling system, and a comprehensive financial data pool. These components will support and iterate with each other, ensuring data security and accuracy while effectively accelerating the approval process for corporate loans and improving the risk-return ratio. By leveraging technology, we will enhance the efficiency, capability, and level of financial services. Additionally, it provides full-scale data support for emerging technology industries and offers customized financing strategies for tech innovation enterprises, contributing to the effective allocation of financial resources in support of the construction of a science and technology innovation center.
The attendees engaged in in-depth discussions
The attendees engaged in in-depth discussions on topics such as interdisciplinary research, directions for research expansion, data security, and talent development, and offered insightful suggestions for the construction and development of the SAIFS.
During the summary session, Mr. Shao Zhiqing pointed out that the development of the financial industry cannot be separated from the three key elements: technology, capital, and talent. He emphasized that, in the process of research and development, maintaining a balance between "Accuracy, Comprehensiveness, and Speed" is crucial for innovation. Especially in the current context of the rapid development of fintech, the key to research innovation lies in the deep integration of financial technology and technological finance. He encouraged young researchers to continuously explore unknown fields, seize opportunities, and take the high ground in research. Meanwhile, when ensuring the quality of research, they should improve research efficiency, thereby more effectively driving the iterative innovation of financial technology.
Colleagues from the China Zhi Gong Party visited the FinLLM Lab
In the end, colleagues from the China Zhi Gong Party visited the FinLLM Lab.
Sources: Shanghai AI-Finance School, ECNU;
School of Economics and Management at ECNU
