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2014 Internet Finance Summit Forum held in Ningbo
- Details
- Category: Ningbo News
- Published: Tuesday, 30 December 2014 18:13
The 2014 China Internet Finance Summit Forum was held in Ningbo on December 26. According to the news issued at the forum, Ningbo promises to become a new highland fro developing Internet finance. In the future, with its pioneering advantages, Ningbo will make innovations in mobile payment, mobile credit and mobile credit enquiries, in an effort to improve the overall standard of its Internet finance development.
Municipal government and the Chinese Academy of Social Sciences. Li Yang, Deputy-director of the Chinese Academy of Social Sciences, made a keynote speech and some experts and scholars expressed their views on the developing prospect, innovation and supervision of Internet finance. According to Ningbo Financial Affairs Office, besides the solid foundation of the traditional finance, Ningbo possesses the proper conditions for developing Internet finance. The foreign trade E-business industry develops well in Ningbo, with over 90% of the 140,000 manufacturing enterprises and over 12,000 foreign trade enterprises conducting E-commerce business on self-built or such famous platforms as the T-mall, accounting for about 10% of the country’s E-business foreign trade enterprises. With over 500,000 private enterprises, Ningbo has abundant private capital and active investment and financing activities. Ningbo also boasts a good financial policy environment, as it is one of the cities for a number of state-level finance computerization pilots, one of the first batch of E-business pilot cities in China and the only pilot city for the multi-application of the financial IC card of the People's Bank of China. In 2014, Ningbo was listed as a national pilot city for "innovations on mobile E-business financial technology services".
Currently, the new technological revolution centered on digitalization and Internet is making a profound difference on the economic and social activities as well as people's lifestyles. In recent years, thanks to the deep integration of the Internet and the financial sector, the Internet finance featuring the third-party payment, P2P, and the Internet financial product sales has made dramatic progress, playing an active role in improving financial service efficiency, reducing transaction cost and meeting the diverse needs for investment and financing.
According to the information released at the forum, Ningbo is now among the third-tier cities in China in terms of Internet competitiveness, lagging behind such pioneer cities as Shanghai, Beijing, Shenzhen and Hangzhou. However, it has possessed and improved such major conditions as the supply-demand environment, industrial basis and policy environment, and much more progress will be made in the future in these fields.
