From November 25 to 26, SZSE held the 2019 IT Symposium on the theme of “Harnessing Technology and Developing a New Ecosystem for Industry-wide Digitalization”, which is the third year in a row that SZSE has held the industry-wide IT Symposium. The Symposium takes positive steps to implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and the guiding principles of the fourth plenary session of the 19th CPC Central Committee, and to accelerate the development of Digital China. It will contribute to the in-depth technical exchanges and cooperation, motivating the technological innovation, advancing the digital transformation and upgrading, enhancing the leading role of technology and helping the capital market better serve the real economy.
Vice Chairman of CSRC Li Chao, President & CEO of SZSE Wang Jianjun, Deputy Director-General of the Department of Informatization and Software Services of the MIIT Dong Dajian and General Manager of CASH Suo Jishuan attended and addressed the Symposium. Leading officials of CSRC and China Society for Finance and Banking, technical leaders and experts from securities, funds, banks, futures, insurance companies, universities and high-tech enterprises, as well as technical leaders of some foreign exchanges and related securities institutions attended the Symposium.
In his speech, Mr. Li Chao noted that, in recent years, CSRC has fully implemented the national strategic decisions on building China’s strength in cyberspace and digitalization, and facilitated the integration of technological innovation with real economy. It has devoted greater energy to enhancing the IT application in and intellectualization of monitoring, made strong moves to the industrial infrastructure construction, strengthened joint development with external parties, and actively used modern information technology to make constant improvement of digitization in all respects of the capital market. At present, CSRC is pushing forward sweeping reforms of the capital market. The development of the ecosystem for digitalization and the faster promotion of technology regulatory capacities are indispensable in this process. He called for the industry-wide speedy action and collective wisdom and concerted efforts to strengthen the top-level design for the ecosystem for digitalization, and give full play to the leading role of exchanges and other core institutions. We shall increase investment in the digitalization ecosystem, attach great importance to the risk prevention in the process for the joint contribution and shared benefits of the digitalization ecosystem and promote the higher quality development of the capital market.
Mr. Wang Jianjun said SZSE, as the organizer and the core institution of the market, should shoulder its share of responsibility in the development of the ecosystem for digitalization, so it should function better as one of the “keystone species” and contribute more to a more stable ecosystem. There has been much work on infrastructure, product innovation, R&D innovation and international cooperation by SZSE in recent years to constantly enrich SZSE’s technical strength and work to the digital transformation of the capital market. SZSE will fully enforce CSRC’s strategic decision to provide a preferable platform as a market organizer in line with the requirements of “the four awes and one joint force”, to draw up a new blueprint for the development of technology, improve the new mechanisms for joint contribution and shared benefits, and explore new means for risk prevention and control. It will also build the momentum of all parties and pool market talents to jointly take the development of the ecosystem for industry-wide digitalization to a new level.
Mr. Dong Dajian emphasized that the MIIT has taken effective policy measures to speed up the integration of information technology with real economy and the integration of manufacturing sector and the financial sector, continue to improve the industry environment and actively push forward the FinTech. The MIIT will strive for the stronger capability of independent innovation, solider basic support for the FinTech, deeper integration and application of the FinTech, better development environment for the FinTech, safer application of the FinTech and closer international exchange on the FinTech. It will push ahead the development and the integrated application of next-generation information technology and pursue the higher efficiency and better quality of the financial services for the real economy to promote high-quality growth of our economy.
In Mr. Suo Jishuan’s speech, he noted that CAS has been actively exploring the new whole nation system in the technology field acting as a national strategic technology strength by integrating the technological breakthroughs and market-based operation, concentrating the administration technology resource and market technology strength and guaranteeing the quick and smooth commercialization of scientific and research findings to both economic and social returns. CAS will continue to intensify strategic cooperation with SZSE to work together for the commercialization of scientific and research findings and the integrated development of the innovation in FinTech and for creating the ecosystem with a healthy cycle of innovation, industry and capital to provide a better financial services for the real economy and foster new growth drivers.
The IT Symposium lasted for one and a half days. Participants exchanged ideas and shared information on subjects like the development of the ecosystem for industry-wide digitalization in the capital market, digital transformation and upgrading, financial big data, financial artificial intelligence, and financial risk management, and technical leaders from relevant institutions had in-depth discussions on digitalization and ecosystem development.
The symposium also held the inaugural ceremony of the SZSE IT Product Alliance. The Alliance is a non-profit IT product alliance initiated by SZSE and operated by Shenzhen Securities Communication Co., Ltd. for securities, funds, futures and other financial institutions and market-related software developers with 55 members at the beginning of the establishment. It is a significant measure for SZSE to promote the development of the ecosystem for industry-wide digitalization, which aims at establishing a mechanism for joint contribution and shared benefits of industry-wide IT products, speeding up digitalization results to empower various industries and enhancing the capability of independent innovation and application while reducing costs and risks of the application to push forward the technological application and development in the securities and futures industry. At the same time, SZSE will launch its first product for the Alliance, an important R&D finding with independent intellectual property rights – the SZSE’s Financial Information Bus (referred to as FINBUS, a basic information and communication framework software with high availability, high performance and low delay, which is a key component of the trading system of SZSE applying to securities brokers trading system, real-time risk control system and other scenarios), and share it to Alliance members with steps to explore a new ecosystem of core technology opening-up and sharing.