The 2019 Fintech and Green Development Summit was successfully held.

　　The technological revolution, financial innovation, capital markets, and globalization not only inject new momentum into the global economy but also serve as a solid driving force for green development.

　　As the fintech wave sweeps in and the mindset shifts toward the idea that "lucid waters and lush mountains are invaluable assets," green investment is playing an increasingly important role. Integrating economic and social development with ecological civilization building is a shared commitment and collective responsibility for realizing the vision of a beautiful China.

　　Recently, the 2019 Fintech and Green Development Summit, together with the 8th “Ecological Civilization—Alashan Dialogue,” was held in Alashan. Over 200 experts from securities institutions and corporate representatives from across the country gathered to jointly explore how fintech and green development can drive economic and social progress as well as ecological civilization building.

　　This event is jointly hosted by the Securities Times, the Financial Work Office of the Autonomous Region People's Government, the Inner Mongolia Regulatory Bureau of the China Securities Regulatory Commission, the Administrative Office of Alxa League in the Inner Mongolia Autonomous Region, the Green Finance Professional Committee of the Shenzhen Special Economic Zone Financial Society, and the Alxa Ecological Foundation.

　　Expand direct financing channels for green finance.

　　Building an ecological civilization is closely linked to the well-being of the people and the future of the nation. The guiding principle of "prioritizing ecology and pursuing green development" is a crucial ideological core of ecological civilization construction.

　　Regarding this Fintech and Green Development Summit, the conference aims to boost the momentum of green development, implement the principle of "ecological priority and green development," guide green investment to play a vital role, further advance the construction of the capital market, and help enterprises leverage the capital market for their growth. Several distinguished guests attended the summit and delivered important speeches.

　　In his speech, Dai Qin, Deputy Secretary of the Alxa League Committee and League Governor, introduced to the attending delegates the development status of Alxa in social, economic, environmental, and tourism sectors, as well as its distinctive industrial advantages. He emphasized the need to uphold ecological priority and green development, and to forge ahead on the path of high-quality development for Alxa.

　　In his speech, Wu Guangbiao, Assistant Director of the Financial Work Office of the People's Government of the Inner Mongolia Autonomous Region, expressed his hope that all sectors would better join forces to vigorously promote high-quality economic development in Inner Mongolia; seize opportunities more effectively and grow together with Inner Mongolia’s capital market; deepen cooperation further and forge new pathways for green development in Inner Mongolia. He also called on everyone to become ambassadors and promoters of Inner Mongolia’s capital market and its green, high-quality development, working together to safeguard and enhance this beautiful scenic highlight of our nation’s northern frontier.

　　At the summit, Liu Zhanjun, Director of the Institutional Division of the Inner Mongolia Regulatory Bureau of the China Securities Regulatory Commission, introduced how the bureau is leveraging the capital market to support the development of green finance in the autonomous region and foster the growth of the green bond market. Liu Zhanjun suggested perfecting the supporting institutional framework to optimize the development environment for green bonds; accelerating green innovation and cultivating qualified green investors; and broadening investment and financing channels to provide robust support for the rapid development of green industries.

　　He Ling, Head of the Membership Services Department of the China Securities Industry Association, expressed warm congratulations on the convening of this summit. She stated that promoting green development through financial technology is a long-term endeavor that requires concerted efforts from the entire industry. The Association will continue to broaden channels for direct financing in green finance, innovate green financing products, and guide social capital toward green industries. It will consciously integrate the implementation of green finance with fulfilling social responsibilities, preventing and resolving social risks, and accelerating adjustments to business structures. Moreover, it will foster and promote the concept of sustainable green development, establishing a long-term mechanism for the development of green finance.

　　In his speech, Zhang Zhaoyi, Chief Risk Officer of the Shenzhen Stock Exchange, stated that over the years, the SZSE has implemented a series of measures to support green development: first, by supporting the growth of green industries; second, by encouraging listed companies to fulfill their green responsibilities; third, by promoting innovation in green financial products and services, thereby attracting investors from various sectors to participate in the development of green industries; and fourth, by enhancing the sense of responsibility and mission for green development. Moving forward, the SZSE will fully leverage its market platform capabilities and the advantages of concentrating innovative capital, actively fulfill its responsibilities in ecological civilization construction, and gather and unleash new momentum for green development.

　　In his speech, Gao Feng, Deputy Editor-in-Chief of the Securities Times, stated that in the new era, pursuing green development hinges on integrating green principles into every aspect of economic development—ranging from development philosophies and approaches to industrial structures, growth drivers, and performance evaluation—thereby making the economy truly green. Economic greening is inseparable from the capital market, and China’s capital market plays a positive role in resource allocation. As a mainstream financial media outlet under the People's Daily, the Securities Times joined the Alashan Ecological Foundation in 2014 and became a member of the foundation’s board of directors. The newspaper has consistently been promoting Alashan’s ecological conservation efforts and has made unremitting efforts to advance and foster ecological civilization.

　　Li Dansheng, Chairman of the Alashan Ecological Foundation, introduced that the foundation’s total area of afforestation and greening has now exceeded 230,000 mu, thus completing ahead of schedule—two years early—the first-century goal of the three centenary goals set for the founding of the Party, the military, and the nation. Moving forward, the foundation will focus on advancing toward the second centenary goal, ensuring high-quality completion of the planting plan for 300,000 mu by the 100th anniversary of the founding of the People's Liberation Army.

　　Zhao Gaidong, Vice President of the Shenzhen Emissions Exchange, stated when introducing the Shenzhen Emissions Exchange that Shenzhen was among the first cities in China to launch carbon trading as part of the nation’s seven pilot carbon emissions trading programs. Since the launch of trading in 2013, six years have now passed. During this period of development, Shenzhen has effectively controlled its overall emissions and greenhouse gas emissions, which have generally shown a slow downward trend. Through carbon finance, the exchange has helped large-emitting enterprises overcome funding challenges. As a trading platform and a hub for social resources, the Shenzhen Emissions Exchange is committed to further embracing green finance as its future development direction and hopes to play an even greater role in the ecological and environmental development of Alxa.

　　During the morning summit, Liu Suyi, Chairman of the Regional Equity Market Committee of the China Securities Association; Liu Yun, Deputy General Manager of CITIC Investment & Innovation Industry Fund Management Co., Ltd.; Dong Liang, Chairman of Jiangsu High-Tech Investment Group; Xu Weihong, Chief Economist of Zhongzheng Jiaotong Fund; Wang Zhaoming, Chairman of Inner Mongolia Mengcao Ecological Environment (Group) Co., Ltd.; and Feng Ping, Vice President of Tibet Qizheng Pharmaceutical Co., Ltd., each delivered keynote speeches.

　　At the meeting, Liu Suyi gave a detailed introduction to the role of the New Fourth Board market in boosting the innovative development of non-listed small and medium-sized enterprises. He pointed out that the New Fourth Board is likely to become a crucial channel and platform for direct financing, and that efforts should be made to establish the New Fourth Board as the primary avenue for direct financing for non-listed companies, especially small, micro, and medium-sized enterprises.

　　In his speech, Liu Yun introduced that the fund has innovatively established a model featuring industrial funds plus enterprises, resources from poverty-stricken areas, and impoverished populations. This model emphasizes both social and economic benefits, ensuring that the poverty-alleviation effects of industrial funds are maintained while also safeguarding and enhancing the value of investments and facilitating orderly exits. As of August 2019, the central enterprise poverty-alleviation fund had, through direct investments and by setting up sub-funds in key provinces and regions, leveraged over 150 billion yuan in social capital.

　　Dong Liang shared Jiangsu High-Tech Investment’s philosophy of “people-oriented, green investment,” outlining the company’s insights into practicing green investment and enhancing social responsibility. He pointed out that strengthening platform development is crucial for improving the capacity for green investment. By leveraging the company’s industry standing and its ability to pool resources, we can mobilize more resources and further expand our capacity to support the development of green enterprises.

　　In his speech titled “Capital Empowers, Leads, and Promotes Green Development of Industries,” Xu Weihong stated that the concept of green finance has been around for many years. From green finance itself to the green finance ecosystem and the green investment philosophy, it requires the concerted efforts of more financial professionals. County-level economies are the core vehicle for targeted poverty alleviation and green development, and they also serve as the bridge for shifting capital markets, the securities industry, and the fund industry from virtual to real economic activities. It is our hope that, through the efforts of financial professionals, county-level economies and green finance can be transformed into a distinctive Chinese model of reform-driven service.

　　In his keynote speech, “Practicing Corporate Social Responsibility and Turning Investment into a Force for Good,” Wang Zhaoming introduced to the attendees successful cases of ecological restoration as well as the Mengcao Ecological Big Data Platform. He pointed out that capital should be a force for good—while poverty alleviation donations are one aspect, even more important is identifying industries that are well-suited to impoverished regions.

　　Feng Ping delivered a keynote speech titled “Safeguarding the Biodiversity of the Qinghai-Tibet Plateau Through Industrial Development,” in which he outlined how the company has protected the environment, promoted sustainable resource development, and fulfilled its corresponding social responsibilities throughout its growth. This has provided valuable insights for the development of the Inner Mongolia Autonomous Region.

　　Dialogue on New Directions for Alashan’s Development

　　The 8th “Ecological Civilization—Alashan Dialogue” event was also held on the afternoon of September 20. Leaders from financial regulatory agencies of the Inner Mongolia Autonomous Region and Alashan League, representatives from the China Fund Industry Association, the China Securities Industry Association, the Shenzhen Stock Exchange, and the Inner Mongolia Equity Trading Center, as well as representatives from various securities firms and key enterprises from the Inner Mongolia Autonomous Region and Alashan League, attended the meeting and participated in the discussions.

　　Li Shuhua, Director of the Financial Work Office of Alxa League, delivered a keynote speech titled “Deepening Capital Cooperation to Boost Alxa’s Green Development,” introducing to the attendees the current status and future prospects of Alxa’s economic and social development, the progress made in the development of Alxa League’s capital market and its achieved results, as well as Alxa League’s vision for the next stage of capital market development. He stated that Alxa League will further accelerate the construction of its capital market, promote the restructuring and IPOs of eligible enterprises, comprehensively enhance their core competitiveness, and foster high-quality economic development across the entire league.

　　Shenwan Hongyuan Securities’ Inner Mongolia Branch and Inner Mongolia Baoshui Pharmaceutical Technology & Chemical Co., Ltd. signed a strategic cooperation agreement on corporate listings at this event. Following the signing, the Promotion Department and the Fixed Income Department of the Shenzhen Stock Exchange delivered training sessions on “An Overview of the Multi-tiered Capital Market and Key Issues in Issuance Review” and “Interpretation of Bond Financing and Asset Securitization Policies with Case Studies,” respectively.

　　Before the event concludes, the Shenzhen Stock Exchange, venture capital firms, and listed companies will provide guidance to key enterprises and financial institutions in Inner Mongolia Autonomous Region, exchange experiences on relevant capital market issues, and answer questions, thereby helping these enterprises further understand and become familiar with the operations of the capital market.

　　In the afternoon of September 20, the 2019 Fintech Summit for the Securities Industry and the Awards Ceremony for the “Securities China—Outstanding Securities Firm App” Competition were held. Organized by Securities Times and Securities China, the event saw 70 securities firms fiercely competing for ten prestigious awards. With the theme “New Opportunities: The Securities Industry Enters a New Era of Digital Wealth Management,” more than 200 industry leaders gathered in Alashan to discuss key issues surrounding the securities industry’s transition into this new era of digital wealth management.

　　Reporting media: People's Daily Online

　　Report link: https://wap.peopleapp.com/article/rmh7840781/rmh7840781?from=singlemessage&isappinstalled=0