The Financial Services Special Exhibition of the Service Trade Fair showcases the latest products and technologies, with well-known domestic and foreign institutions exhibiting and an internationalization rate of 47%. Digital | Finance | Special Topic
The reporter learned from the 2023 China International Trade in Services Fair Financial Services Special Media Briefing held on the 17th that a total of 219 domestic and foreign financial institutions and enterprises have participated in the exhibition, including 68 Fortune Global 500 and industry leading enterprises. Among them, there are 99 offline exhibitors, including 52 domestic and 47 foreign institutions, with an internationalization rate of 47%.
Li Wenhong, Secretary of the Party Group and Director of the Beijing Local Financial Supervision and Administration Bureau, said that the financial services theme is one of the nine major themes of this year's Fair for Trade in Services, with the theme of "serving entities to uphold their original intentions, innovate and transform towards the future", and the location is located in Beijing Shougang Park. The exhibition covers an area of over 14000 square meters and includes eight exhibition areas: Big Country Finance, Capital Finance, Open Finance, Green Finance, Digital Finance, Inclusive Finance, Regional Finance, and Wealth Management. "The number, scale, and influence of participating institutions have significantly increased compared to the previous edition, fully reflecting the inclusive pattern of China's financial industry reform and opening up and the win-win posture of joint development."
Display the latest products, technologies, and applications
In terms of Chinese financial institutions, large domestic financial institutions such as China Development Bank, Export Import Bank, Agricultural Development Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank, Bank of Communications, Postal Savings Bank of China, China Life Insurance, PICC, China Taiping Insurance, China Export&Credit Insurance Corporation, and China Re Group have once again made collective appearances, showcasing the effectiveness of financial services for the real economy and vividly depicting the high-quality development blueprint of China's financial industry.
In terms of foreign-funded institutions, HSBC, Standard Chartered Bank, Fubon Huayi Bank, Mizuho Bank, Daiwa Securities, MasterCard, SWIFT, London Stock Exchange, Hong Kong Stock Exchange, German Stock Exchange, Sino Italian Property and Casualty Insurance, etc. came to show and share the latest products, technologies and applications of the overseas financial industry, and show the trend of global financial innovation and development.
Among them, the specially set international financial joint exhibition area will be further upgraded on the basis of last year, and more than 40 foreign institutions including Societe Generale and Munich Reinsurance Group will join forces to participate in the exhibition.
Gathering financial innovation achievements
This year's financial services theme brings together nearly a hundred financial achievements, showcasing the deep integration of innovative technology and the financial field from different dimensions, and creating a "one-stop financial event".
In terms of digital finance, various financial institutions and technology enterprises focus on underlying technologies and financial scenario applications, focusing on cutting-edge fields such as big data, blockchain, and artificial intelligence, showcasing cutting-edge financial products such as digital transformation of financial institutions, digital RMB, financial security technology, and digital financial services, and continuously promoting future financial iteration and upgrading. For example, Industrial and Commercial Bank of China has created the "Digital ICBC" brand, which will bring multiple digital financial service achievements to the audience.
In terms of green finance, China Construction Bank has launched a "green credit+green building+green supervision" model to explore and promote the connection between green finance standards and green building standards. The Tongzhou Urban Sub center is actively planning to build a green finance and sustainable finance center. This time, it will work with institutions such as the Green Exchange and Green Finance Institute to showcase the leading and functional platform enterprises developed in the fields of environmental equity trading, ESG investment, climate investment and financing, as well as a batch of innovative and iconic case achievements that have been implemented.
In terms of inclusive finance, various financial institutions will leverage technologies such as multimedia effects and infrared touch sensing to showcase their rich exploration and practice in the field of inclusive finance, focusing on improving people's well-being and enhancing the efficiency of inclusive financial services. For example, Bank of Beijing has set up a "down loan wall" for the first time, introducing the results and service system of the "down loan" service that supports enterprise financing from 0 to 1.
Further Upgrade of Digital RMB Display
This year's financial services theme has set up a digital RMB display area in Hall 8, featuring institutions such as Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications, Postal Savings Bank of China, China Merchants Bank, Bank of Beijing, Online Commercial Bank, Tencent, JD.com, and others to showcase the highlights of the financial services theme. Dozens of digital RMB hard wallet products, including standard IC cards, smart bracelets, digital work cards, smart student ID cards, and electronic elderly ID cards, will be showcased, showcasing the integrated application of "digital RMB+" in transportation, catering and accommodation, smart government affairs, rural revitalization, green finance, inclusive livelihood, cultural tourism, cross-border settlement, and other scenarios.
At the same time, the "Digital RMB Avenue" has been fully upgraded to version 3.0, introducing many consumption scenarios such as trendy art markets, online shopping, online live streaming, time-honored brands, cultural tourism, etc., allowing exhibitors to experience high-quality digital RMB services firsthand.
In addition, various financial institutions will also hold project signing and release activities. Industrial and Commercial Bank of China will jointly hold a digital RMB prepaid card product launch event with Meituan. PICC will launch the ICC infectious disease catastrophe model for the breeding industry and overseas intellectual property infringement loss insurance.
Gathering of Forum Supporting Activities
This year's financial services theme will also carefully organize two forums, namely the 2023 China International Finance Annual Forum and the 2023 Global PE Forum. Among them, the 2023 China International Finance Annual Forum will add the host country of the Fair for Trade in Services, the UK government, as a co organizer, inviting executives from domestic and foreign financial institutions, senior economists, representatives of well-known enterprises, and multiple guests from the UK financial industry to attend. The forum also innovatively designed a roundtable dialogue segment on "New Momentum of Economic Development in China UK Dialogue" to expand new areas of green finance cooperation between China and the UK.
To further enhance the interactivity and experiential nature of the exhibition, a "I Financial Future Life Show" event with the theme of "Encountering Financial Innovation in the Future" will be held during the financial services special period. Through digital finance panoramic display, immersive experience of digital technology, and other forms, visitors will experience the charm brought by digital finance's "hard technology" up close. The exhibition will also hold special activities for small and micro financial services, roadshows for entrepreneurial and innovative enterprises, forums for financial experts, and the "Financial Security Warmth Action" series of activities to benefit the people.