The report of the 20th National Congress of the Communist Party of China proposed to comprehensively promote the great rejuvenation of the Chinese nation with the Chinese path to modernization. To promote the process of the Chinese path to modernization, we need to give full play to the power of "Fintech", nourish the financial blood with technology, support the high-quality development of the real economy with finance, and empower the Chinese path to modernization with "Fintech". To further strengthen the academic exchange of graduate students across the country and provide theoretical research support for the formulation of national Fintech development policies, the academic innovation forum of "The Development of Fintech in the Chinese-Style Modernization" for graduate students in Jiangsu Province in 2023 was successfully held in Southeast University from August 26th to 28th, 2023.
This forum was hosted by the Jiangsu Provincial Guidance Committee for Graduate Education in Economics, organized by the School of Economics and Management of Southeast University and the Financial Security Big Data Laboratory of Southeast University, and co-organized by the Jiangsu Capital Market Research Association. The forum attracted over 200 doctoral and master's students from more than 50 famous universities in China, including Peking University, Renmin University of China, Fudan University, Nanjing University, National University of Defense Technology, Xiamen University, Nankai University, Shandong University, Sichuan University, Jilin University, East China Normal University, Central University for Nationalities, Shanghai University of Finance and Economics, Central University of Finance and Economics, Southwest University of Finance and Economics, Central South University of Finance and Law, etc. After being reviewed by the academic committee of the forum, 87 outstanding authors were finally selected to be invited to the forum to discuss the core issues of Fintech development in the Chinese path to modernization. The forum covered important topics such as Fintech and risk prevention and control, Fintech and digital economy, Fintech, and green finance, financial innovation and high-quality economic development, financial risk, and financial security, digital inclusive finance and common prosperity.
I. The Opening Ceremony
At the opening ceremony, Professor Hua Renhai, Director of the Jiangsu Provincial Economic Graduate Education Guidance Committee, Vice President of Nanjing University of Finance and Economics, Professor Xing Jihong, Deputy Secretary of the Party Committee of Southeast University, Professor Yuan Liudi, Vice Dean of the Graduate School of Southeast University, and Professor Yuan Jianhong, Secretary of the Party Committee of the School of Economics and Management of Southeast University, delivered speeches respectively, extending warm welcome and sincere greetings to all guests, experts, scholars, and graduate students who attended this conference. The opening ceremony of the forum was presided over by Professor Liu Xiaoxing, Director of the Department of Finance, School of Economics and Management, Southeast University.
II. Keynote speech of the conference
The first half of the keynote speech of the conference was presided over by Associate Professor Zhang Ying, Vice Dean of the School of Overseas Education at Southeast University. Professor Fan Conglai, former Assistant President of Nanjing University, Professor Chen Haiqiang, Vice Dean of Wang Yanan Institute of Economics at Xiamen University, and Professor Jiang Hai, Vice Dean of the School of Economics at Jinan University, delivered keynote speeches respectively. Professor Fan Conglai delivered a keynote speech titled "Digital Finance and the Modernization of Chinese Style Common Prosperity". In the speech, Professor Fan deeply analyzed the paths, obstacles, and risks of digital finance promoting common prosperity, and based on this, proposed the policy optimization direction of using digital finance to promote common prosperity. Professor Chen Haiqiang delivered a keynote speech titled "Governance Model of the Big Tech Credit Market: Government Regulation or Market Constraints". Professor Chen pointed out that in recent years, the rapid penetration of platform-based big tech companies into the credit market has overturned the traditional credit competition pattern. How to promote the formation of a healthy competitive relationship between banks and big tech companies, and serve the high-quality development of the economy, are important issues facing the improvement of financial regulation in the new era. Professor Jiang Hai delivered a keynote speech titled "Digital Transformation of Commercial Banks: Effects and Mechanisms". Professor Jiang reported on the latest research results on the risk effects, return effects, and liquidity creation effects of the digital transformation of commercial banks. The study found that promoting the digital transformation of commercial banks can significantly reduce their risk-taking level.
The second half of the keynote speech of the conference was presided over by Associate Professor Yin Wei, Deputy Secretary of the Party Committee of the School of Economics and Management at Southeast University. Professor Ruan Qingsong, Deputy Secretary of the Party Committee of the School of Economics and Management at Tongji University, General Manager Zhang Lei, Managing Director of Huatai United Securities, and Professor Cao Jiuxin, Deputy Dean of the School of Cyberspace Security at Southeast University, delivered keynote speeches. Professor Ruan Qingsong delivered a keynote speech entitled "New Pattern of Double Circulation in the Context of Chinese Path to Modernization". Professor Ruan deeply expounded on the development of Fintech in the perspective of double circulation around the internal logic of double circulation, the toughness and potential of double circulation, and the supply chain and industry in the perspective of double circulation. General Manager Zhang Lei delivered a keynote speech titled "The profound impact of Fintech on the securities industry". General Manager Zhang pointed out that Fintech has become the fundamental force for the evolution of the financial ecosystem in the securities industry and the strategic commanding point for creating organizational competitive advantages. It will profoundly change the business model, business structure, and operational system of the securities industry, and become the core driving force for the next strategic cycle of the securities industry. Professor Cao Jiuxin delivered a keynote speech titled "Online Financial Events and Multidimensional Evolution". This study designs a distributed financial network data sniffing system based on the Scrapy framework, obtains information related to online financial events from multiple channels, and comprehensively judges the security risks and multidimensional evolution mechanisms of online finance based on this.
III. The sub-forums
The conference established eight parallel sub-forums, with 87 master's and doctoral students from major universities in China giving academic presentations. The topic of sub-forum 1 is "Fintech and Risk Prevention and Control", chaired by Professor Chen Tingqiang, Vice Dean of the School of Economics and Management at Nanjing University of Technology, and Associate Professor Yin Wei, Deputy Secretary of the Party Committee of the School of Economics and Management at Southeast University; The topic of sub-forum 2 is "Fintech and Digital Economy", chaired by Professor Yang Aijun, Vice Dean of the School of Economics and Management at Nanjing Forestry University, and Professor Li Shouwei, Vice Director of the Department of Finance at the School of Economics and Management at Southeast University; The topic of sub- forum 3 is "Fintech and Green Finance", chaired by Wang Mei, Technical Director of Beijing Jinganjia Information Technology Co., Ltd., and Associate Professor Zhang Ying, Vice Dean of the School of Overseas Education at Southeast University; The topic of sub-forum 4 was "Fintech and Chinese path to modernization", presided over by Zhang Xu, associate professor of School of Management Engineering, Nanjing University of Information Engineering, and Tang Pan, associate professor of School of Economics and Management, Southeast University; The topic of sub-forum 5 is "Financial Innovation and High Quality Economic Development", chaired by Wang Mei, Technical Director of Beijing Jinganjia Information Technology Co., Ltd., and Professor Li Shouwei, Deputy Director of the Finance Department of the School of Economics and Management at Southeast University; The topic discussed in sub-forum 6 is "International Finance and Financial Markets", chaired by Associate Professor Shi Guangping from the School of Finance at Henan University of Finance and Law and Associate Professor Tang Pan from the School of Economics and Management at Southeast University; The topic discussed in sub-forum 7 is "Financial Risk and Financial Security", chaired by Associate Professor Yao Dengbao from the School of Economics of Anhui University and Associate Professor Zhang Ying from the School of Overseas Education of Southeast University; The topic of sub-forum 8 is "Digital Inclusive Finance and Common Prosperity", chaired by Associate Professors Gao Yanyan and Zhu Dongmei from the School of Economics and Management of Southeast University.
During the forum's hosting period, nearly 200 people including teachers from various universities across the country, graduate students, and teachers and students from Southeast University, were attracted to participate. The attending students actively interacted and exchanged ideas with experts and scholars. The successful hosting of this forum provides a great opportunity for exchange among master's and doctoral students in the field of finance across the country, promoting further attention and reflection on key issues related to the development of Fintech among graduate students in this field. The participating graduate students will take this forum as an opportunity to further strengthen exchanges and cooperation in the future, and strive to make suggestions for the development of financial science and technology in the process of the Chinese path to modernization.
Contributed by: Department of Finance, Correspondent: Wang Panpan
Translated by: Li Zhaoting
Reviewed by: Wei Liqing
