Guests attending the Wuhan Summit of the World Financial Forum (WFFM) and the 3rd WFM:

This is the first time in the history of the world that we are going to have the opportunity to meet the world's leading experts in the field of finance.

The year 2020 is destined to be an extraordinary year in human history.



The New Crown Epidemic, which has swept across the globe, has brought about a huge impact on the human society. In order to stop the epidemic, countries took precautionary measures and were forced to suspend or blockade the economy, which triggered a series of problems, contradictions and even conflicts, and not only aggravated the risk of global economic recession, but also greatly tested the security of the global financial system, and even posed a huge challenge to global governance. The current international political, economic, financial, scientific and technological, cultural, and security landscape is profoundly adjusted, the world is facing a hundred years of unprecedented change.

The global financial industry is facing new opportunities and challenges under the impact of the epidemic and the wave of digitization. The epidemic has accelerated the deep integration of digital technology and finance, accelerating the digital transformation of finance. And the rise of the digital economy has also brought new opportunities for the financial industry. A large number of new infrastructure, new industries, new forms of investment and financing needs continue to emerge. The new economic model calls for new forms of financial services, in which financial technology is a typical representative of the new financial, is the product of the deep integration of finance and technology, is an important engine to drive the upgrading of the modern financial industry. The development and utilization of financial technology will be an important indicator of the competitiveness of traditional financial institutions in the future. Data is becoming a more and more important factor of production, but also for the financial industry to bring significant changes.
"Cloud computing and digital empowerment" has become a "must" for financial institutions to innovate and develop. With the help of powerful networks and computing power, big data, artificial intelligence, blockchain and other new technologies for the financial industry to bring a lot of business innovation, making financial services faster, broader, more convenient and more accurate.

The epidemic and the wave of digitization have also brought great challenges to the financial industry. The economic downturn caused by the epidemic has impacted the stability of the global financial system, and most countries have temporarily stabilized their financial markets through ultra-loose monetary policies, but their negative effects will have a long-term impact on the global economic and financial systems. And the global supply chain reshaping caused by the epidemic makes the security of digital financial technology system relying on key core technologies face new challenges. While digitalization improves financial efficiency, it increases the complexity and vulnerability of the financial system.


Digitalization has increased financial efficiency, while increasing the complexity and vulnerability of the financial system. While digitalization innovates financial models, it increases the difficulty of financial regulation. While digitalization brings new business, it also puts forward new requirements for the financial industry.

Guests. Finance is the blood of the economy, and at the same time it depends on the healthy development of the economy. Therefore, finance must adhere to the service of the real economy as the basis. At present, China's financial industry should serve to accelerate the construction of a new development pattern with the domestic cycle as the main body and the domestic and international double cycle promoting each other. We need to strongly support scientific and technological innovation, and promote China's economic growth momentum from factor-driven to innovation-driven. Capital is an important proposition for immediate and long-term development, and credit is a key element in realizing the transformation from wealth to capital, as well as the foundation of finance. Credit is not firm financial instability. Regardless of whether it is Internet finance or digital finance, its essence is finance, and it should follow the laws of finance, and it should be based on legal compliance, healthy and good credit. The current financial governance to do a solid job of national, corporate and personal credit, guarding the credit of each link, the financial system will not be a big problem. To accelerate the establishment of a sound credit system and other infrastructure construction, with digital technology services and supervision of digital finance. At the same time, we should actively promote the upgrading of debt credit to destiny credit, or even international equity credit, which has not yet appeared, to support scientific and technological innovation and transnational cooperation, especially digital technology innovation and cooperation, which is conducive to the maintenance of the security of the financial system of all countries.

At present, we should insist on financial innovation and strengthening supervision, and insist on keeping the bottom line and maintaining financial stability. The extensive use of new financial technologies has led to the emergence of new financial models, which have brought convenience while increasing efficiency and also magnified financial risks. To encourage financial innovation, stimulate market vitality, expand financial openness and financial regulatory capacity to seek a balance. To actively develop financial regulatory technology, the use of innovative technology to upgrade and improve the financial regulatory system, to promote data and information *** enjoy, break the information silo, and promote the application of artificial intelligence, blockchain and other technologies in the prevention of risk; these need to be supervisory departments and financial institutions, technology companies to work together, close cooperation.