Xinhuanet pays attention to the financial technology layout of Haiyin Wealth and releases an interview video with Zhu Hua, CTO of Haiyin Wealth

Xinhuanet pays great attention to the financial technology layout of Haiyin Wealth

On October 25, during the 2021 Financial Street Forum Annual Conference, the domestic mainstream media Xinhuanet interviewed Mr. Zhu Hua, chief technology officer of Haiyin Wealth in the field of financial technology. Xinhuanet highly focuses on Haiyin Wealth's achievements in empowering the wealth management industry with financial technology and helping the country's economic development.

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Xinhua Net released an interview video with Haiyin Wealth

The United States, one of the more mature wealth management markets in the world, has been highly customized and digitalized in the past 10 years with the empowerment of science and technology, and has developed in the direction of "thousands of faces" and "intelligent interaction". Morgan Stanley, a well-known company that benchmarks technology transformation, has introduced a new technology consulting platform, WeatherDesk, to 15,000 financial advisors in two years, which can provide financial advisors with nearly 12 new technology tools and services, and empower professional product screening capabilities through these technology tools. In addition, As representative enterprises in the United States, Betterment and Healthfront make investment planning for customers through their intelligent management platform, which makes the configuration scheme more scientific.

The birth of new technologies and models is also encroaching on the market share of traditional financial institutions. At the 2021 Financial Street Forum Annual Meeting, financial management such as "one bank, two sessions" attached great importance to financial technology and released support signals for corporate innovation. In a written speech to the forum, Vice Premier Liu He of the State Council said that it is necessary to attach importance to financial technology and improve the quality and efficiency of financial services. The official website of the Chinese Min min bank published its president Yi Gang's supplement to this, "China has favorable conditions such as large economic scale, complete economic structure, continuous acceleration of technological innovation, and continuous release of reform dividends... Economic resilience is bound to grow. At the meeting, well-known domestic head financial institutions also expressed their exploration in the transformation of science and technology. Bank of Beijing also said that as early as 2019, it officially upgraded digital transformation to the core strategy of the whole bank, and accelerated its march towards the goal of building a digital bank.

In recent years, the growth rate of China's wealth management industry has reached the highest in the world. In 2020, the asset management scale of China's wealth management industry will exceed 10 trillion yuan, and financial technology is the key for institutions to seize this historic opportunity and create a new moat. As a leading independent wealth management institution in China, Haiyin Wealth has taken the lead in promoting digital transformation in the industry, and is fully entering a new stage of business and technology-driven transformation, and its cutting-edge achievements have received wide attention, so it was invited to participate in this annual meeting. At the meeting, on the planning and foresight of the application of financial technology in the industry, Haiyin Wealth and representatives of institutions at home and abroad such as New York Stock Exchange, Everbright Bank, Bank of Beijing, Tencent Cloud, Du Xiaoman Financial, who were invited to participate in the annual meeting, discussed this topic, and Mr. Zhu Hua, Chief Technology Officer of Haiyin Wealth, released his insights on this issue. Xinhua network also paid great attention to the experience construction of Haiyin Wealth and broadcast news.

First, fintech can help more people understand the nature of finance and finance, and help investors balance risk and return. Xinhua network published a full text of Mr. Zhu Hua, chief technology officer of Haiyin Wealth, further interpretation of this at the meeting, "When investors reduce blind operations, reduce speculative operations, and truly realize the control of risks and returns, this financial technology can truly help and serve more investment public." ”　　

Specifically, it is easier to achieve multi-asset allocation through AI big data, and it is easier to ensure fairness through technical means. He said, "To ensure the steady growth of wealth funds, multi-asset allocation is the core of the core. But it is difficult for ordinary investors to achieve. With the help of AI, big data, recommendation engine, etc., customers can be given a macro-based, macro-looking and micro-advisory suggestion, reducing the difficulty of judgment and thus reducing risk. At the same time, through technical means, the digital platform has turned the part that originally relied heavily on people for services into a part that can be universally conveyed to customers through AI, machine platforms, and online means, so that every customer can enjoy relevant service resources fairly. ”

Specifically, Zhu Hua further said, "Haiyin Wealth develops synchronously with the three-wheel drive of financial technology, wealth management and asset management, and fully empowers the business with a digital platform. During this period, Haiyin Wealth innovatively proposed the '3-2-1' digital system, which helps the steady improvement of business and the improvement of operational efficiency through continuous online, digital and intelligent transformation. "3" refers to the three digital core systems to meet customer needs as the center of the three-dimensional service system, empowering customers, financial planners and products; "2" refers to the dual core middle platform composed of business middle office and digital middle office to accelerate digital transformation; "1" refers to the integrated underlying technology platform, through the application of deep learning framework, hybrid cloud and other cutting-edge technologies, continue to consolidate the underlying technology platform, support the upgrade of Haiyin's digital system. ”

"Deepening technology empowerment to achieve common growth", as Ms. Wang Dian, President of Haiyin Wealth, said earlier, we conform to the trend, deepen digital technology, understand customers more accurately, empower them, pay attention to customer access, and provide customers with rich value services and experiences. Through the concept of value creation, the company's own development is deeply embedded in social development, contributing value to society, returning rights and interests to shareholders, creating wealth for customers, and growing together with employees.

While haiyin wealth's achievements in digitalization have been recognized by institutions and governments in the industry, they have also ensured that Haiyin wealth has bucked the trend during the epidemic and the steady growth of customer scale. As of June 30, 2021, In fiscal 2021, Haiyin Wealth achieved a new asset allocation of RMB78.78 billion, an increase of 15% year-on-year; net profit attributable to shareholders increased by 95.6% year-on-year; the total number of Haiyin Wealth customers exceeded 127,000, an increase of 12.5%; the number of active customers exceeded 38,000, an increase of 4.5% year-on-year, and the customer reciprocating allocation rate in the current period reached 76.7%, maintaining a high level in the industry for many years.