Beijing News Shell Financial News On the morning of October 21, the "Global Fintech Summit - Capital Market Fintech Forum" held at the same time as the 2021 Financial Street Forum Annual Conference was held in Beijing. Yin Yong, member of the Standing Committee of the Beijing Municipal Party Committee and vice mayor of Beijing, said at the forum that Beijing will actively build a good ecosystem for the development of financial technology in the capital market, and promote relevant work in four aspects, such as increasing the cultivation of financial technology industry entities, expanding digital financial application scenarios, improving the financial technology regulatory mechanism and adhering to the bottom line of no financial risks.
Yin Yong, member of the Standing Committee of the Beijing Municipal Party Committee and vice mayor, delivered a speech at the meeting
"Vigorously developing the financial technology industry and promoting the deep integration of scientific and technological innovation and capital markets is the proper meaning of Beijing's construction of an international science and technology innovation center, the improvement of the function of the national financial management center, and the promotion of high-quality economic development in the capital." Yin Yong said that the place where everyone is seated today used to be the main clothing wholesale market in the Beijing Zoo area, and now Beijing has built it into a new power financial technology center and has become a landmark building of the national financial technology demonstration zone.
This year is the beginning of the "14th Five-Year Plan", Yin Yong said that Beijing will actively build a good ecosystem for the development of financial technology in the capital market from four aspects. The first is to vigorously cultivate the main body of the financial technology industry. Make full use of the strategic opportunity of deepening the reform of the New Third Board and setting up the Beijing Stock Exchange, promote the docking of financial technology enterprises with the North Exchange of the New Third Board, and actively promote the high-quality circular development of the science and technology capital market and the real economy. The second is to actively expand the application of digital financial scenarios. Build a sound digital financial service platform and more application scenarios, especially to establish a release mechanism for application scenarios, and promote two-way empowerment of supply and demand, research and development and application, and service and technology. The third is to help improve the regulatory mechanism of financial technology. Continue to carry out in-depth innovation pilots such as financial technology in the capital market in Beijing, especially to publicize the first batch of pilot projects for financial technology innovation in the capital market, seize the initiative to launch the first batch of pilot counseling for technology companies, and continue to promote the implementation of a new generation of information technology in the capital market. The fourth is to resolutely adhere to the bottom line of no financial risks. Beijing will resolutely crack down on all kinds of illegal activities, and plant high-quality soil for the healthy development and innovation of financial technology in Beijing's capital market.
Photography by Wang Fei Editor Song Yuting