Fan Wenzhong: Values Will Be The "Steering Wheel" Of Financial Innovation.

"Through the application of financial technology, we will promote the construction of a new inclusive financial system in the future, which will serve the enterprises, serve families and serve individuals."

In November 19th, Fan Wenzhong, the party secretary and chairman of the Beijing golden control group, published the thinking on financial innovation at the fourteenth annual Asian financial annual meeting in twenty-first Century. Among them, his idea of integrating values into financial innovation is clearly put forward in public for the first time, which is consistent with the company's strategic positioning.

As the Beijing Beijing golden control group, which is funded by the SASAC on behalf of the municipal government, it is also one of the 5 gold control companies in the central bank's simulation supervision pilot. It is positioned to build a financial holding platform with complete license, resource coordination, business linkage and effective prevention and control. The main direction of Beijing's financial industry is to develop Inclusive Finance and create a financial service system driven by technology.

Fan Wenzhong.

At the meeting, Fan Wenzhong believed that the new round of financial innovation began with data, flourished in technology, stabilized in the system, and became a concept of value. Values are the "steering wheel" of financial innovation. He said that whether the values are correct or not ultimately determines the social significance of financial innovation. The core function of finance is to allocate social resources across space and time, so as to raise the welfare boundary of the whole society and expand the optimal boundary of Pareto.

To this end, Beijing financial control established Beijing financial big data company, the first nationwide small and micro enterprise financial comprehensive service platform.

"Before these enterprises apply for policy subsidies and support, they need to fill out forms and report them through the government. Now we don't need him to report. We know directly which companies are in line with the direction of our policy implementation. Fan Wenzhong explained so.

At present, Beijing golden control group has successively signed a framework cooperation agreement with Jingdong, Xiaomi, Xiaomi finance, Shijingshan District government and Tongzhou District people's government.

In addition, Fan Wen Chung disclosed at the meeting that the Beijing golden control group is doing an information management platform for family wealth management. It also provides a view of risks for all financial products on the platform. It also promotes the project construction of the capital Huimin card. It will combine social security, government affairs, life, finance and other functions through the combination of entity cards and electronic cards.

According to Qi Xinbao, Beijing golden control group has set up 6 companies this year.

5 of them are wholly owned, including Beijing small and micro enterprises financial comprehensive services, Beijing financial big data, Beijing financing guarantee investment group, Beijing golden money fund management, Beijing wealth management. The latest is the Beijing information management company, founded in November 7th, which is held by Beijing golden control group 52% and Jingdong 15%.