The 2021 Annual Conference of Financial Street Forum, which concluded in Beijing on Friday, highlighted the importance of fintech innovation to serving the high-quality development of the real economy through more convenient and inclusive financing.
“Now, thanks to tailor-made applications developed by banks, small and micro enterprises are able to obtain financing more easily, unlike in the past when it took up to a month for banks to conduct credit reviews. This is a typical practice of inclusive financing that could better serve the real economy,” said Ji Zhihong, vice-president of China Construction Bank, at the forum.
Participants of the three-day event have reached a consensus that the financial sector should meet the more diversified financial demands of the people and the real economy through technological innovation and digital transformation.
China Hints Its Crackdown on Tech Giants Is Coming to an End (Yahoo Finance)
Maybe losing the AI race to China isn’t such a bad idea (FintechNews)