粤港澳大湾区区块链联盟正式成立于哪年,粤港澳大湾区区块链产业应用研讨会

2018年，粤港澳大湾区区块链联盟正式成立，它旨在促进粤港澳大湾区区块链产业的发展。该联盟将携手企业、研究机构、政府等相关机构，推动粤港澳大湾区区块链技术的应用，探索区块链技术在政府、金融、物流、社会公共服务等领域的应用模式。

针对这一成立，粤港澳大湾区区块链产业应用研讨会也于2018年在深圳召开，会上就区块链技术的应用模式、政策环境等方面进行了深入探讨，以拓展粤港澳大湾区区块链产业的发展。本文将以3个关键词来介绍粤港澳大湾区区块链产业应用研讨会：

区块链技术应用：粤港澳大湾区区块链产业应用研讨会旨在推动粤港澳大湾区区块链技术的应用，促进粤港澳大湾区区块链产业的发展。会上就区块链技术的应用模式、政策环境等方面进行了深入探讨，以拓展粤港澳大湾区区块链产业的发展。区块链技术的应用可以改善政府服务，提高金融服务的效率，改善物流服务，提高社会公共服务的水平等。

政策环境：会上就区块链技术的应用模式、政策环境等方面进行了深入探讨。政策环境是推动区块链技术发展的重要因素，它可以支持区块链技术的发展，促进区块链技术的应用。因此，研讨会也就政策环境进行了深入探讨，以拓展粤港澳大湾区区块链产业的发展。

企业合作：粤港澳大湾区区块链联盟将携手企业、研究机构、政府等相关机构，推动粤港澳大湾区区块链技术的应用，探索区块链技术在政府、金融、物流、社会公共服务等领域的应用模式。企业合作是粤港澳大湾区区块链联盟发展的重要基础，企业可以在技术研发、产品开发、应用推广等方面提供支持，从而推动粤港澳大湾区区块链产业的发展。

粤港澳大湾区区块链产业应用研讨会的召开，为粤港澳大湾区区块链产业的发展提供了重要的支持，推动了粤港澳大湾区区块链技术的应用，促进了企业合作，改善了政策环境，助力粤港澳大湾区区块链产业的发展。

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⑴ WeBank: Embracing the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and empowering financial services with technological innovation

A few days ago, the Central Committee of the Communist Party of China and the State Council officially issued the "Development of the Guangdong-Hong Kong-Macao Greater Bay Area" "Planning Outline" marks the rise of the construction of the Greater Bay Area to the national strategic level. If the Guangdong-Hong Kong-Macao Greater Bay Area wants to become a leading bay area in the world, it cannot do without the power of technological innovation. It shoulders the historical responsibility of building a new highland for our country's innovative development and leading and driving the Pearl River Delta region to take the lead in realizing innovative transformation.

Shenzhen is located in the central city of the Guangdong-Hong Kong-Macao Greater Bay Area. Its technological innovation capabilities and overall financial industry development level rank among the top cities in the Guangdong-Hong Kong-Macao Greater Bay Area. Technology and financial elements are closely integrated. As the first Internet bank approved to open in the country, WeBank was born in this innovative and creative city. Since its establishment, WeBank has been committed to the construction of financial technology and actively explored the financial applications of artificial intelligence (AI), blockchain, cloud computing, big data and other technologies. Give full play to the positive role of financial technology in empowering the real economy and promoting the development of inclusive finance.

"ABCD" pioneered the way, ranking fifth in the world with 104 patents in the year

The integration of technology and finance can deeply drive financial innovation in the banking industry and actively promote economic growth and social development. develop. At the beginning of its establishment, WeBank established the corporate vision of "technology, inclusiveness, and connection" and elevated the "ABCD technology strategy" to the height of the bank's development strategy, hoping to use technology to explore a safer, more A more efficient and smarter Internet banking service model serves markets currently not covered by the traditional financial industry and fulfills the original intention of inclusive finance. It is reported that in the four years since its opening, WeBank has invested more than 1 billion yuan in information technology, biotechnology and financial technology, and the bank's scientific and technological personnel have always maintained more than half of the total number of employees.

Relying on innovative construction methods of open source technology and distributed architecture technology platform, WeBank has successfully built a fully independent and controllable banking core system that can support hundreds of millions of customers and highly concurrent transactions. At present, WeBank has built 253 key systems and 1,223 subsystems. It was selected into the 10 major financial informatization events of the People's Bank of China in 2015, and won the first prize of Shenzhen Financial Innovation Award for two consecutive years in 2016 and 2017. It is understood that the number of patent applications publicly filed by WeBank in 2018 has ranked fifth in the world and third in China, with 104 patent applications throughout the year.

The construction of the Guangdong-Hong Kong-Macao Greater Bay Area is a new attempt in the new era to promote a new pattern of comprehensive opening up. If the financial technology companies involved want to occupy a place in the fierce competition environment, the key lies in "open cooperation". WeBank has been implementing the “three major opening strategies” in terms of financial technology: First, opennessThe platform provides financial capabilities to partners through API, SDK, etc. The second is to follow the open source technology trend and open up its own technological capabilities to the market through open source and open software. The third is open collaboration, including collaboration with financial peers, especially collaboration with financial institutions in the "9+2" city cluster in the Greater Bay Area, as well as collaboration with industries, so that finance can truly serve the real economy.

Strengthen financial technology capabilities and empower financial services

Financial technology is inseparable from the four major sectors of artificial intelligence, blockchain, cloud computing, and big data. On the one hand, WeBank has increased investment in science and technology and strengthened its financial technology capabilities; on the other hand, in conjunction with its "three major opening strategies", WeBank has carried out multi-level cooperation with other financial institutions and non-financial institutions to empower financial services. Strive to form an industry joint effort to promote the reform of the financial services industry, gain new competitiveness, and touch the future development of the banking industry.

As a purely online innovative bank, WeBank has no business outlets or teller staff. In order to solve problems such as customer identity authentication and customer service, WeBank applies artificial intelligence and biometric technology to remote customer identity authentication, intelligent customer service and other fields, and builds innovative products and services with WeBank characteristics. In terms of intelligent customer service, WeBank launched the intelligent cloud customer service "Weijin Xiaoyun", which is trained through deep learning models. Currently, an intelligent robot (Quote 300024, stock diagnosis) can replace 400 manual customer service personnel, and 98% of customer service services are completed by intelligent cloud customer service, which not only effectively supports massive customer needs, but also greatly saves labor costs.

In the development process of artificial intelligence, it will also face a series of new problems. The most typical example is the "data island" problem. If this problem is not solved for one day, it may inhibit the long-term development of the field of artificial intelligence and cause serious business consequences. In response to the above problems, Professor Yang Qiang and WeBank have put forward a systematic and general solution based on "federated learning" after many efforts, which can solve the problem of joint modeling between individuals (to C) and between companies (to B). Recently, WeBank also took the lead in hosting the first meeting of the IEEE P3652.1 (Federated Learning Infrastructure and Applications) Standard Working Group. The IEEE P3652.1 project is the first international standard in the field of federated learning. In the future, "federated learning" is expected to break down data barriers in various fields and industries, and implement the dividends brought by artificial intelligence to every corner of society.

WeBank has also been at the forefront of the industry in the application of blockchain. Blockchain has attributes including distributed architecture, consistency, consensus mechanism, encryption algorithm and so on. Since its establishment, WeBank has invested resources in developing blockchain and distributed ledger technology, and built a self-developed distributed banking core architecture to handle massive customers and highly concurrent transactions. In May 2016, WeBank teamed up with several institutions to launchThe Financial Blockchain Cooperation Alliance (Shenzhen) was established to promote the research and development and application of blockchain technology. In the same year, it joined hands with Shanghai Huarui Bank to launch an inter-institution reconciliation platform based on the alliance chain. This is also the first domestic banking alliance chain application scenario running in a production environment, and is dedicated to solving the problem of high reconciliation costs among financial institutions. Recently, WeBank also signed a cooperation agreement with the Macau government to establish the Macau Science and Technology Development Fund, which will use innovative technologies such as blockchain as the main fulcrum to strengthen the scientific and technological innovation capabilities of the Special Administrative Region, promote the development of smart cities, and further implement the concept of technology benefiting people's livelihood. Wellbeing Measures.

In-depth integration of industry, academia and research to ensure continuous technological innovation capabilities

To continue to maintain technological innovation capabilities, cultivating financial technology talents that meet needs has become the key. WeBank attaches great importance to the in-depth integration of industry, academia, and research. In order to give full play to the advantages of Shenzhen’s local financial technology resources and introduce high-quality international education resources, WeBank teamed up with Shenzhen University to establish the Financial Technology Research Institute in 2018, with both parties jointly undertaking scientific research and develop projects, hire high-level researchers, and jointly cultivate master's, doctoral, and postdoctoral talents to promote teachers' basic research and development practice, students' scientific and technological innovation training, and enterprise technology project research, promote the deep integration of industry, academia, and research, and achieve a win-win situation for all parties.

In January this year, WeBank and Nanyang Technological University of Singapore co-founded the Singapore Fintech Joint Research Center, which will fully combine WeBank’s fintech innovation advantages and the scientific research of Nanyang Technological University, a world-class university of science and technology. Advantages, closely track the research and development and application of cutting-edge technologies in the field of financial technology, accelerate the industrialization and commercialization process of related technologies, vigorously cultivate a team of leading financial technology talents, and build a school-enterprise that links industry and profession, integrates teaching and scientific research, and combines theory and practice Cooperative mode.

WeBank has also conducted research cooperation with Xi'an University of Electronic Science and Technology, Institute of Computing Technology, Chinese Academy of Sciences, etc. in the fields of blockchain architecture, performance, security, consensus algorithms, cross-chain communication, etc., and also plans to use hardware computing Cutting-edge technologies such as acceleration and high-throughput virtual machines are applied to more financial scenarios to jointly create a new generation of high-throughput blockchain computing engines.

In terms of government cooperation, WeBank actively connects with the National Standards Committee, the Standards Institute of the Ministry of Industry and Information Technology, ISO/TC307, IEEE and other standard organizations, and is deeply involved in multiple blockchain-related international, national, industry and Formulation of group standards; in-depth cooperation with the blockchain research working groups of the Central Bank, Internet Finance Association, Payment and Clearing Association, Financial Information Committee and other organizations to carry out research on related topics.

Those who keep integrity and innovate will advance. WeBank will actively respond to the innovation-driven development strategy of the Guangdong-Hong Kong-Macao Greater Bay Area, use financial technology innovation to promote financial services to the real industry, and continue to use financial technology innovation methods to continue to enhance risk control capabilities, improve risk control levels, and improve service efficiency. Reduce financing costs, resolve corporate financing problems, support small, medium and micro enterprises, and promote the transformation and upgrading of real industries., thereby promoting high-quality development of the real economy.

⑵ Is 2022 a good time to buy a house? Do you have any plans to buy a house?

First of all, it is impossible to say what will happen to China’s housing prices in the future.

Overall, in the next 2-5 years, the first and second tiers will fall by 15%, and the third and fourth tiers will drop by 30%. It is a high probability event. The first and second tiers have low holding costs, while the third and fourth tiers have limited purchasing power.

Nowadays, the leverage of residents is too high, and it is difficult for the state to increase wages even if they release funds. Basically, they are transferred to Leeks in the form of leveraged credit. The current situation is really unbearable. In the past few years, almost everyone who has enough basic money to make a down payment has bought a car. It is really dangerous to double the down payment.

Do the third and fourth tiers want to sell land? Of course they do. Is there a shortage of land? There is certainly no shortage. The new areas are all filled with land. The key is that this liability is not transferred to home buyers, and the government's land sales money is the bank's money. Again, there are too many stocks and I really can’t pick up the leeks. Recently, there have been more and more failed land auctions, and it is urgent to supplement finance with property taxes.

The essence of the first and second lines is the same, but the situation is slightly better, because the belief and holding cost are too low, and the two sides are still in a stalemate. Shenzhen and Shanghai restricted loan quotas, transaction volume dropped instantly, and the so-called big guys who bought the houses they just needed with full payment disappeared.

The introduction of the property tax has completely changed this equilibrium state. The guide price is obviously prepared for the property tax. Otherwise, who else would be so tired to provide a guide price for each community. If the real estate tax pilot is implemented quickly, it will be by the end of the year. If it is slow, it will be next year. It will definitely be launched. It will not be as harsh as everyone thinks, and it will not be like Shanghai and Chongqing before. Sell ​​the land when it is time to do so without delaying property taxes. After all, there will be a transition time, and the ratio between the two will be dynamically adjusted. At the same time, state-owned developers began to develop public rental housing. The country has many options for building public rental housing: a large number of vacant office buildings in the city center have been renovated, have good locations, and are endorsed by the state. It just depends on whether the country is willing or not. As the holding cost goes up, first-line housing prices will definitely loosen, but after all, if the first-line housing prices decline for a few years, a 15% drop is acceptable, and it will just go back to around 2019. So I personally feel that the first and second tiers will be an excellent low point to get started in 2-3 years.

It is estimated that it will take 2-3 years before the third and fourth tiers are fully levied, but if we have expectations, we will not be afraid of rising prices. The bubble in the third and fourth tiers is still quite serious. A 30% drop is considered good, but it may be cut in half directly.

This time we look at the determination and means to deal with double reductions. It feels really different.

Finally, no matter whether you buy it or not, just pay attention to the leverage. Yesterday I saw a post about buying a house in Chengdu, draining the down payment of both parents and borrowing foreign debt. It's so dangerous. Many people born in the 1990s have not realized that their parents' bodies are getting weaker day by day, and people will get sick as they get older. Being sick costs a lot of energy and money.

⑶ What are the cross-border third-party payment platforms?

The development process of third-party cross-border payment has always relied on the changes and evolution of the cross-border e-commerce market. With the increase in global per capita purchasing power and the increase in Internet penetrationWith the further maturity of payment channels and the improvement of logistics and other supporting facilities, online shopping has become a rising consumption habit around the world, and cross-border e-commerce has become an inevitable trend to replace traditional trade. However, in recent years, the growth of cross-border e-commerce has slowed down, and the development of the third-party cross-border payment industry has entered a stable period. Therefore, in the absence of new business models or emerging fields, it is difficult for the third-party cross-border payment industry that relies on cross-border e-commerce to show rapid growth.

However, opportunities also lie in change. After the epidemic, various industries began to recover; the two major cross-border consumption scenarios of traveling abroad and studying abroad became more and more popular; the digital interconnection of the Guangdong-Hong Kong-Macao Greater Bay Area was upgraded; small and medium-sized enterprises ushered in a new wave of overseas expansion, and cross-border consumption such as B2C and B2B New forms of trade maintain rapid growth. Cross-border payment has ushered in new development space.

In this context, the scale, structural characteristics and payment models of the global cross-border payment market are quietly changing, with opportunities and challenges coexisting. Cross-border payments face practical problems such as high cost, slow speed, limited access, and insufficient transparency. For cross-border payment service platforms, it is necessary not only to ensure that the business complies with local laws and regulations in each market, but also to provide corresponding solutions for different business models of cross-border e-commerce to meet the diverse business needs of merchants. This is A pretty daunting challenge. Especially today, when small and medium-sized enterprises are competing to go overseas, building faster, cheaper, more transparent, and more inclusive cross-border payments to solve the worries of enterprises going overseas has become the common development goal and vision of the entire industry.

Based on the importance of cross-border payments, EqualOcean will inspect 20 cross-border payment platforms in China.

Lianlian International

Lianlian Digital International is the core brand of Lianlian Digital. Lianlian Digital was established in Hangzhou, Zhejiang in 2009. In 2015, it won the bid for the "Cross-border Foreign Exchange Payment Business Pilot Approval". It is one of the first pilot institutions for cross-border foreign exchange business in China.

By 2020, it will support the cross-border collection services of 20 global e-commerce platforms such as Amazon, eBay, Wish, and Shopee, covering more than 100 countries and regions. Covering cross-border payment, cross-border logistics, global acquiring, remittance services, global fund distribution, etc. It is a comprehensive innovative enterprise in the field of cross-border trade payment finance and services in China. Relying on its compliance and security capabilities and technological innovation capabilities, Changda has built a global payment and financial network and a trade service network covering the entire life cycle of the enterprise. In 2021, Lianlian International announced its cooperation with VISA to launch a global business payment solution.

So far, Lianlian Digital has completed five rounds of financing and plans to IPO in Hong Kong as soon as next year. This financing may bring the valuation of Lianlian Digital to about 20 billion yuan.

Table Tennis

Hangzhou Table Tennis Intelligent Technology Co., Ltd. was established in 2015 and is an innovative promoter of China's cross-border industries.

Currently, PingPong has more than 20 branches around the world, covering more than 200 countries and regions, and is one of the world's largest comprehensive cross-border trade service providers. It has been connected to Amazon’s top ten global websites Wish, Newegg,E-commerce platforms such as Shopee are the only Chinese companies with payment licenses from the United States, the European Union, Japan and Hong Kong. Relying on its global operation service network, payment licenses and compliance qualifications in mainstream countries and regions, Pingpong has built a diversified product matrix based on the comprehensive needs of cross-border e-commerce and foreign trade companies going overseas, which can provide suitable services for different types of customers. Regulated, secure and convenient one-stop digital financial technology services. We have been committed to building a global digital operation service network through technological innovation, working with more ecological partners to help cross-border sellers and enterprises improve their global competitiveness, and create prosp

Provide end-to-end convenient services for enterprises of all sizes and support small and medium-sized enterprises Corporate customers accept online payments from global buyers, collect payments through virtual bank accounts at low cost, facilitate remittances, provide multi-currency card issuance, expense management and other value-added services, and customize API solutions for large enterprises and institutions. To better support global business growth, Airwallex's San Francisco office will become its fifth global technology research and development center. R&D centers following Melbourne, Sydney, Shanghai and Amsterdam focus on product research and development. d and upgrade to build a stronger global financial infrastructure and further promote global digital innovation.

Completed Series E financing in November 2021, with a financing amount of US$100 million, funded by Sequoia Capital China.

XTransfer

XTransfer was established in May 2017 and is headquartered in Shanghai. It is a company that provides one-stop cross-border financial and risk control services for foreign trade companies. Committed to helping small and medium-sized enterprises significantly reduce the threshold and costs of the global exhibition industry. Its revenue mainly comes from service fees for cross-border collection, foreign exchange exchange, anti-money laundering risk control and other fund management services.

Currently, XTransfer has obtained local payment licenses in Hong Kong, the United Kingdom, the United States, Canada, and Australia, and has branches in major foreign trade cities such as Hong Kong, Shenzhen, and the United Kingdom, the United States, Canada, Japan, Australia, and Singapore. Using technology as a bridge, we have built a digital, automated, Internet-based and intelligent anti-money laundering risk control infrastructure centered on small, medium and micro enterprises. By cooperating with well-known multinational banks and financial institutions, we build a global multi-currency unified settlement platform at the multinational group level, allowing small, medium and micro enterprises to enjoy the same level of cross-border financial services as large multinational groups.

In September 2021, XTransfer completed Series D financing, amounting to approximately US$100 million, led by D 1 Capital Partners.

Looking for Sunshine Speed

SUNRATE was founded in 2016 and is headquartered in Shanghai. It is a digital global payment and exchange rate management enterprise service company, focusing on providing digital global services to corporate customers such as general trade, cross-border e-commerce, and online travel. Payments and financial management.

Manage solutions.

Currently, it has branches in Shanghai, Hong Kong, Tokyo, Singapore, Jakarta and London, helping companies conduct business in 130 countries. Committed to helping enterprises digitize global payments,It also provides enterprises with more resource support through highly adaptable financial management solutions, allowing them to focus on the development of their core business and easily conduct global trade. While reaching strategic cooperation with international banks such as Citigroup and Standard Chartered, it has also become a card organization member of MasterCard and Visa, continuing to provide one-stop digital services to tens of thousands of companies around the world.

In December 2021, the Series C financing was completed. This round of financing was led by SoftBank Asia Venture Capital, followed by Banyan Pacific Capital (BPC), TDF Impact Investment and other institutions. Old shareholders Red Dot China, JAFCO Asia, Hua Chuang Capital and Xianfeng Evergreen also participated in this round of financing.

PayerMax

Launched by Eggplant Technology in 2020, PayerMax is a cross-border payment platform that provides one-stop payment solutions, focusing on emerging markets.

PayerMax continues to make breakthroughs in emerging markets around the world. In the first half of this year alone, it has obtained multiple payment licenses in countries such as Thailand and the United Arab Emirates, providing smoother cross-border receipts and cross-border withdrawals for global enterprises. , subscription payment, merchant account management, and multi-scenario access services. At the same time, PayerMax has also obtained PCI-DSS certification and has a financial-level risk control system to ensure the safety of every fund and comprehensively prevent transaction risks. Currently, PayerMax supports more than 350 payment methods and more than 30 currencies around the world, and its business covers more than 50 countries. It can meet the diverse payment needs of global users and provide one-stop payment solutions for Chinese overseas and foreign enterprises.

In September this year, it officially obtained a payment system operator (OPS) license from the Philippine Central Bank.

Tutuo Digital Technology

Tutuo Digital Technology (Beijing) Co., Ltd. was established in 2020 and is committed to providing efficient, reliable and low-cost solutions for the entire industry ecological chain including cross-border e-commerce merchants, enterprises, platforms and financial institutions. Comprehensive fintech products and solutions at low cost.

With more than 10 years of cross-border payment experience, it has gathered practical experts with rich experience in various fields such as mobile Internet, cross-border e-commerce, cross-border payment, and security risk control. Build an ecosystem of "scenario financial institution users" and use cutting-edge technologies such as international leading big data and artificial intelligence to establish a global big data intelligent risk control system, international payment technology system and customer operation evaluation system, with more than 200 customers around the world countries and regions. As one of the first members in China to join SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Obtained certifications from multiple authoritative organizations in the fields of payment, finance and data security.

In August 2023, tens of millions of yuan in Series A financing were completed, invested by Dewu Capital. This round of financing will be used to accelerate the layout of cross-border B2B risk control and underlying technical capabilities to further meet the payment and financial technology needs of small, medium and micro enterprises for cross-border overseas transactions.

iPayLinks aibeiying

iPayLinks was established in early 2015 and is headquartered in Lujiazui, Shanghai.We are committed to building a world-class cross-border payment platform to help customers develop their global business.

iPayLinks serves customers such as top aviation and travel companies, brand e-commerce, and digital entertainment. The company has successively set up branches in Shenzhen, Hong Kong, Singapore, Malaysia, the United Kingdom, the United States, Dubai and other places. It has the highest security certification of PCI-DSS Level-1 in the international card payment industry and multiple overseas financial payment licenses. Provide cross-border overseas enterprises with global diversified payment methods such as mainstream international credit cards and overseas local payments, and create a one-stop acquiring and issuing system. By digging deep into the industry and focusing on regions, iPayLinks has mature OTA industry-specific payment solutions and is the first domestic financial technology company to obtain a Saudi Arabian service investment license.

Skyee

Guangzhou Gaofu Information Technology Co., Ltd. was founded in 2016 and is headquartered in Guangzhou. Its brand Skyee is the first domestic Euro payment platform, a national high-tech enterprise, one of the top ten payment companies in Guangdong Province, and is also a key government support An innovative cross-border payment collection company.

Skyee has built a global local payment and settlement business covering more than 100 countries. Its business scope covers Asia, North America, Europe and other major regions, and has established branches in the United States, the United Kingdom, Japan, Hong Kong, India and other places. The service products comprehensively cover cross-border e-commerce payment collection, corporate foreign exchange transaction management, global supplier payment, etc. Customize appropriate solutions for different platforms for customers, continuously optimize product functions with the goal of meeting users' various business needs more efficiently, and create a one-stop global fund collection, exchange and payment platform. It provides cross-border settlement services to 100,000 corporate users and has maintained a steady improvement trend. In 2021, Skyee became a member company of Lakala.

In June 2021, Skyee completed strategic financing, and the investor was Koala Fund, an Internet industry investment fund initiated and invested by Lakala.

Qbit

Qbit was founded in 2019 and is headquartered in Hangzhou. It is a financial technology and enterprise services company.

Committed to providing enterprises with a one-stop cross-border fund transfer platform, allowing customers to have a more convenient, efficient and low-cost cross-border payment experience. Driven by technology, based on security and compliance, and combined with cutting-edge blockchain technology, we develop a new generation of cross-border clearing and settlement network. Based on this, we provide global collection, global payment and quantum card services, covering customer funds across borders. meet all aspects of cross-border transfer needs. By building a global one-stop financial infrastructure and empowering customers with technological innovation, we are committed to creating the world's leading efficient, convenient, high-quality and diverse cross-border financial services for overseas enterprises, and opening up global capital flow links for enterprises. Currently, it serves more than 3,000 overseas brand companies, has localized service centers in 4 cities around the world, and has reached strategic partnerships with many well-known banks and financial institutions around the world.

In July 2021, it completed a US$10 million Series A financing invested by Zhen Fund.

Qianhai Oceanpayment

Qianhai Oceanpayment was establishedIn May 2014, a professional cross-border payment product platform and an Internet financial innovation platform mainly provide one-stop payment solutions for cross-border foreign trade, cross-border games, cross-border tourism, cross-border rich media and other industries.

Jointly established by senior technology, risk control and operation experts in the global payment field, it adopts a dual-headquarters operation model in Hong Kong and Shenzhen, and has technical & business entities in the United States, Europe, Australia, and Singapore, and is committed to facilitating cross-border foreign trade. , travel and aviation, digital games, education and training and other Internet B2C (B) e-commerce models provide global digital payment technology solutions and services. It has the highest level of security certification in the global financial industry, PCI DSS LEVEL 1, Visa and other certified service provider or acquirer qualifications, and Google Pay and Apple Pay PSPs certification. It is the only Fintech company in China that has full licenses for global digital payment technology and business qualifications. It has long-term strategic cooperation or business relationships with nearly a hundred international financial institutions, supports more than 500 payment products around the world, covers more than 200 countries and regions, and serves hundreds of thousands of global e-commerce websites. Through the scenario-based use of new technologies such as AI and Big Data, we will continue to improve consumer payment experience and merchant revenue security.

In May 2015, it completed the Pre-A round of financing from Cornerstone Capital, with a valuation of nearly 200 million.

WorldFirst Wanlihui

WorldFirst was founded in London, UK in 2004 and has been committed to providing better cross-border payment and collection services to small and medium-sized enterprises around the world. In 2019, it was acquired by Ant Group for approximately US$700 million. Relying on the global ecological cooperation network in the cross-border financial field, it provides a richer range of product solutions and financial security.

Wanlihui's current main businesses are: international remittances, foreign exchange options trading, international e-commerce platform collection and foreign exchange settlement. It has 18 years of cross-border payment experience, and operates in mainland China, Hong Kong, Singapore, the United States, the United Kingdom, Canada, and the Netherlands. , Australia and other countries and regions, or through cooperation with local licensed institutions, they have the qualifications for global exhibitions, providing a solid guarantee for the security of customer information. It has offices in 19 cities in 8 countries around the world to provide more localized professional services.

PhotonPay

In November 2015, Shenzhen PhotonPay Technology Co., Ltd. was established and launched PhotonPay, a global innovative platform that highly integrates cross-border payment and international financial technology.

Through a globally integrated compliance and risk management system, we are committed to providing safe, compliant, efficient, convenient, and low-cost cross-border collections, global payments, foreign exchange services and supply chain financial services for Chinese cross-border e-commerce sellers. Its business covers Asia, North America, the European Union, the United Kingdom and other major regions. It holds financial services licenses issued by financial regulatory agencies such as the United States (MSB) and Hong Kong (MSO). It is committed to building a global collection and clearing settlement network to assist China's cross-border trade. Truly global access. As a company that highly integrates cross-border payment and international financial technologyA global innovative platform with more than 100,000 cross-border corporate partners, processing more than 60 currencies and covering international payment services in more than 150 countries.

Jianmi Ping

Jianmi Ping is an aggregate payment brand under Shanghai Jianmi Network Technology Co., Ltd. The company was established in 2014.

Providing payment services to more than 10,000 merchants, it is a leading third-party payment solution provider in the To B field. In June 2016, the paid version of the enterprise-level aggregated payment cloud service was officially launched, and in October it obtained the PCI certification issued by the Payment Industry Security Standards Committee. By building a payment processing platform in the cloud, merchants can centrally process transaction requests from required third-party payment channels and provide a unified SDK interface for merchants to call, thereby greatly simplifying the docking process with mobile payment channels and consumption installment channels. Merchants do not need to Build an additional dedicated payment processing system. The multi-level merchant system provides profit-sharing models and a fully open profit-sharing API for platforms, agents, and distribution forms. Platform merchants can easily manage transactions and accounts across the entire platform, and efficiently achieve multi-level merchant account clearing. Accurately matching the depository products of multiple banks to help the platform cater to supervision and avoid "second clearing".

In early 2016, it received US$10 million in Series B financing led by Broadband Capital.

Gleebill Dingfu

Gleebill Dingfu was established in 2016. It is a wholly-owned subsidiary of Shenzhen Dingfu Information Technology Co., Ltd. carefully built for China's cross-border e-commerce. It is a company that focuses on providing services to China's cross-border e-commerce sellers. A financial company that provides safe, stable, efficient and low-cost global cross-border payment solutions.

The founders are from the earliest pioneers in the field of foreign card acquiring in China, and the core management are also senior people from China who were the first to get involved in foreign card acquiring. They have rich industry experience in the field of foreign card acquiring. Dingfu actively expands and develops different banking channels and payment methods. It has established and maintained good partnerships with many domestic and foreign banks as well as VISA, MASTER, JCB, AE and other international credit card organizations. After continuous integration and innovation, we have developed and launched various payment functions such as international card payment, virtual account payment, pre-authorized payment, quick payment, card-less payment, etc. We have also successively launched system function customization services to meet the characteristics of different merchants. need. It provides cross-border payment solutions through Internet technology and financial innovation. It mainly provides one-stop services for cross-border e-commerce sellers to collect payments, settle foreign exchange, and withdraw cash on overseas e-commerce platforms in North America, Europe and Japan.

YouWorld by me

YouWorld by me is a cross-border payment platform founded in Shenzhen in 2016. Based on the B2B2C model, it connects overseas merchants upstream and distribution channels downstream. Through independently developed content management, data tracking and The clearing system helps B-side merchants manage and optimize discount coupons, store information and brand content, and distribute them through multiple channels.

Since its establishment, two products have been launched and are competing against the US mobile payment giants.Square creates a new cross-border payment experience. The user group is very clear, mainly non-local consumers around the world, such as overseas Chinese who have settled overseas. In the early days of its establishment, a purely information-based product was developed based on the shopping and consumption scenario to help consumers traveling and settling overseas obtain brand discount information as soon as possible. During the epidemic, the second online payment product - "Pay by Me" was developed and operated on Internet platforms such as Alipay, WeChat, and Ctrip to help Chinese people living overseas complete transactions more conveniently and enjoy certain discounts when shopping. This product brings different conveniences to both consumers and merchants. Consumers can enjoy certain discounts and avoid the inconvenience of carrying bank cards with them.

In September 2021, a US$5.5 million Series A financing was completed, jointly invested by Jinshajiang United Capital and Kunlun Wanwei, with Jinshajiang United leading the investment.

Useepay

Useepay was established in 2019 and is affiliated to Shanghai Yikun Technology Co., Ltd. It is an innovative technology brand in the field of cross-border payments. It relies on new Fintech technology and focuses on the global solution of "no-jump payment" for independent stations. plan.

UseePay's payment success rate exceeds the industry average of 5%-7%; it supports 100 transaction currencies and 10 settlement currencies. It aggregates 6 major international credit cards and a variety of localized payments. At the beginning of its establishment, the company obtained the highest security certification of PCI-DSS Level-1 in the international card payment industry. At present, UseePay supports a variety of payment methods such as mainstream international credit cards, overseas localized wallets, and overseas convenience stores, and is actively building other comprehensive payment service capabilities such as online payment, corporate wallet, global collection, and batch payments to serve customers covering cross-border e-commerce. business, aviation, hotel tourism, transportation, digital entertainment, software, education and other industries. We are committed to deeply cultivating and exploring customer industries, integrating industry resources, and creating a one-stop comprehensive service platform integrating cross-border marketing, cross-border logistics, cross-border payment, etc., to assist customers in all-round business development.

PayEase

PayEase was founded in 1998 and is headquartered in Beijing. It is committed to building Huitong's global and leading international payment platform to provide merchants with better and safer payment and clearing services. .

It is China's first multi-functional online payment service platform that provides online transactions for a variety of bank cards across banks and regions. It is directly connected to 23 national banks and China UnionPay's core payment system, and supports bank cards issued nationwide and globally. International credit cards, including Visa, MasterCard, AE and JCB's online payment, can provide e-commerce companies with customized electronic payment solutions for the Internet and mobile Internet. Capital Easy Pay occupies core enterprises such as Apple, Amazon, and Shopify. It was issued a third-party payment business license in 2011, a pilot license for cross-border foreign exchange payment business in 2014, and a pilot license for cross-border RMB payment business in 2015.

Financing in November 2006 14500,000 US dollars. Major investors include China Economic Cooperation and Capital Information Development Co., Ltd., as well as individual investor Fang Guojian, chairman of Taiwan Maibao.

Beepay

Beepay was established in Hong Kong in December 2016. It is a technologically innovative financial enterprise.

Access the inter-bank foreign exchange market through cutting-edge technologies such as intelligent algorithms and big data analysis, use automatic routing algorithms to open up the global payment network, and adopt stringent anti-money laundering risk control measures to monitor transactions to provide cross-border enterprises with high-quality collection and exchange services. compliant financial services such as foreign exchange and cross-border settlement. It mainly targets major e-commerce export trade sellers located in China, including platform merchants and independent websites, and provides financial products and services including cross-border collection, foreign exchange transactions, foreign currency payment, RMB payment, and trade financing.

In March 2019, Linear Capital completed tens of millions of yuan in Pre-A round financing.

Yisihui

In March 2019, it completed nearly 100 million yuan in Series B financing from Xinzhongli Investment.

Related questions and answers: The third-party electronic payment platform refers to ( ).

A

⑷ Realistic basis and development suggestions for establishing a digital renminbi international demonstration zone in the Guangdong-Hong Kong-Macao Greater Bay Area

Text/Liu Qingfu, Professor, School of Economics, Fudan University, Fudan-Stanford China Fintech Executive Director of the Institute of Security Studies

Li Zhen is a postdoctoral fellow at the School of Big Data at Fudan University and Zhuhai Fudan Innovation Institute, and a researcher at the International Monetary Research Institute at Renmin University of China

This article is published in "Bank of China" Industry Magazine Issue 5, 2022

Introduction: The Guangdong-Hong Kong-Macao Greater Bay Area explores the establishment of an international digital renminbi demonstration zone, which will help promote cross-border digital renminbi cooperation and innovation in the Greater Bay Area and further optimize cross-border digital renminbi. business to provide more convenient cross-border financial services to residents of the mainland, Hong Kong and Macao. At the same time, by finding and applying application scenarios suitable for cross-border retail payments, we can improve the applicability of digital renminbi in the cross-border field and prepare for more scenarios and larger-scale digital renminbi cross-border payments in the future.

The Guangdong-Hong Kong-Macao Greater Bay Area is one of the regions with the highest degree of openness, the strongest innovation capabilities, and the most dynamic economy in China. It plays an important strategic position in the overall national modernization drive and all-round opening up pattern. Under the framework of "one country, two systems", the Guangdong-Hong Kong-Macao Greater Bay Area involves three currencies, three customs territories, three legal systems and three social systems. The level of financial market interconnection and the convenience of cross-border financial services need to be improved. This not only brings challenges to the Greater Bay Area in piloting digital renminbi, but also provides a major opportunity for the Greater Bay Area to establish an international demonstration zone for digital renminbi.

Currently, while digital renminbi meets the needs of mainland retail payments, it also has the technical conditions for application in the field of cross-border payments. The Guangdong-Hong Kong-Macao Greater Bay Area explores the establishment of an international digital renminbi demonstration zone, which will help promote cross-border digital renminbi cooperation innovation in the Greater Bay Area and further optimize cross-border digital renminbi cooperation.cross-border digital renminbi business to provide more convenient cross-border financial services to residents of the mainland, Hong Kong and Macao. At the same time, by finding and applying application scenarios suitable for cross-border retail payments, we can improve the applicability of digital renminbi in the cross-border field and prepare for more scenarios and larger-scale digital renminbi cross-border payments in the future.

The realistic basis for establishing a digital renminbi international demonstration zone

The Guangdong-Hong Kong-Macao Greater Bay Area is a model of high-quality economic development and a highland for digital economic development. Guangdong Province is China's largest economic and populous province, reaching the level of a moderately developed country. Its provincial economic comprehensive competitiveness ranks first in the country. It is also the forefront of China's reform and opening up. It ranks first in the country in terms of total import and export volume and the amount of foreign investment attracted. first place. Hong Kong and Macao are both market-oriented mature developed economies and international free trade ports. They are highly integrated with Western countries in terms of economic operation, legal rules, social and government governance. Guangdong, Hong Kong and Macao are located in the same bay area. They have strong economic strength and strong attraction of innovation factors. At the same time, they have the same culture, close people and complementary markets. They have basically formed a first-class bay area and a world-class city that are full of vitality and international competitiveness. The group has become a model for high-quality development of the Chinese economy. Therefore, the highly developed and open regional economy and the institutional mechanism for high-quality economic development provide an important economic foundation and institutional mechanism guarantee for the Guangdong-Hong Kong-Macao Greater Bay Area to promote the construction of a digital renminbi international demonstration zone.

The Guangdong-Hong Kong-Macao Greater Bay Area has become a global digital economic development highland. As one of the earliest provinces and cities in China to lay out digital economy policies, Guangdong Province has achieved remarkable results in building a national digital economy innovation and development pilot zone, and its digital economy ranks among the top in the country. At the same time, the pace of 5G commercialization in Hong Kong has gradually accelerated, and the digitalization process of various industries has accelerated significantly. The Macao region is developing rapidly in the digitalization of public services such as smart cities, smart transportation, smart healthcare and digital government. The Guangdong-Hong Kong-Macao Greater Bay Area has unique resources and advantages in developing the digital economy. Especially during the COVID-19 epidemic, the digital economy leads high-quality economic development and provides very important support in hedging the downward pressure on the macro economy and the slowdown in the development of traditional industries. effect. Therefore, the rapid expansion of the digital economy in the Guangdong-Hong Kong-Macao Greater Bay Area has greatly promoted the demand for online financial services represented by mobile payments among residents of the Greater Bay Area, and has built a safe, universal and inclusive new retail payment foundation for the Greater Bay Area. The facilities have laid a solid foundation.

The Guangdong-Hong Kong-Macao Greater Bay Area has a multi-level and comprehensive cross-border financial cooperation pattern. The Guangdong-Hong Kong-Macao Greater Bay Area has initially formed a win-win pattern of financial market interconnection and characteristic financial cooperation. Among them, Hong Kong is a highly prosperous free port in China, as well as an international financial center, offshore RMB business center, global asset management center and risk management center. Shenzhen is a pioneer demonstration zone of socialism with Chinese characteristics, a special economic zone and a national financial center. It is also an important city for pilot applications of digital renminbi. Guangzhou is an international business and trade center, Guangzhou Futures Exchange andThe home of international commercial banks in the Guangdong-Hong Kong-Macao Greater Bay Area is also a pilot area for digital renminbi. Macau is an international free port and a world tourism and leisure center, undertaking financial cooperation services and offshore RMB clearing between China and Portuguese-speaking countries. Although other cities in the Guangdong-Hong Kong-Macao Greater Bay Area have less developed financial industries, they are closely connected and interconnected with these four central cities.

The Guangdong-Hong Kong-Macao Greater Bay Area has obvious advantages in the financial industry. According to the "White Paper on Financial Development of the Guangdong-Hong Kong-Macao Greater Bay Area (2021)" released by Guangdong Times Media Group, as of the end of 2020, the GDP of the financial industry in the Guangdong-Hong Kong-Macao Greater Bay Area exceeded 1.5 trillion yuan, accounting for 12% of the regional GDP. %, much higher than the national average of 8%; the balance of deposits and loans of financial institutions exceeded 75 trillion yuan, accounting for 19% of the national total. At the capital market level, there are 2,319 listed companies in the Guangdong-Hong Kong-Macao Greater Bay Area, with a total market value of more than 35 trillion yuan. At the same time, it has the Shenzhen Stock Exchange and the Hong Kong Stock Exchange, which has unique advantages in the world-class Greater Bay Area. Therefore, the Guangdong-Hong Kong-Macao Greater Bay Area can expand the scale and scope of the cross-border use of RMB in the Greater Bay Area through multi-level and all-round financial interconnection and the financial industry spillover effect of "using a point to promote an area, using a small to promote a big one", and contribute to the digital RMB is interchangeable and used in the Greater Bay Area.

Cross-border payments are developing rapidly. In recent years, cooperation within the Guangdong-Hong Kong-Macao Greater Bay Area has been continuously deepened. The daily lives of residents in the Greater Bay Area are deeply integrated and personnel exchanges are becoming increasingly frequent. There is an urgent need for more professional, better and safer cross-border payment services. There is an increasing demand for cross-border payment services. Increasingly urgent. Especially after the outbreak of the new coronavirus pneumonia, cross-border e-commerce has ushered in rapid development, which has had a profound impact on the cross-border payment industry and has become an important area with the potential for vigorous development in the Guangdong-Hong Kong-Macao Greater Bay Area.

In order to meet the cross-border payment needs brought about by the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, governments at all levels have accelerated the improvement of connectivity in the Greater Bay Area in recent years, taking multiple measures to support the development of cross-border payment businesses, which has greatly promoted Facilitating the construction of cross-border payment services in the Greater Bay Area. For example, in February 2019, the Central Committee of the Communist Party of China and the State Council issued and implemented the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area" and proposed to jointly promote the interconnection of electronic payment systems in the Greater Bay Area. In May 2020, the People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange issued the "Opinions on Financial Support for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area", and subsequently the Guangdong Province issued the "Opinions on Implementing Financial Support for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area". The Implementation Plan for the Opinions on the Construction of the Hong Kong-Macao Greater Bay Area and the Work Plan for the Construction of a National Digital Economy Innovation and Development Pilot Zone in Guangdong Province both propose to facilitate Hong Kong and Macao residents to use mobile electronic payment tools for RMB payments in the mainland, and promote the use of mobile payment tools in the Guangdong-Hong Kong-Macao Greater Bay Area. Interoperable use. In September 2021, the General Office of Guangdong Province issued the "14th Five-Year Plan for the Development of China (Guangdong) Pilot Free Trade Zone", proposing to promote innovation in cross-border payment and settlement cooperation, further optimize cross-border mobile payment services, and provide services to residents of the mainland, Hong Kong and Macao. Provide more convenient cross-border paymentFinancial services.

Digital RMB has great potential in cross-border payments in the Guangdong-Hong Kong-Macao Greater Bay Area. The use of legal digital currency and blockchain platforms to solve the common problems of long timeliness, high cost and low transparency in cross-border payments is crucial to providing efficient, fast and secure cross-border payment services.

A number of policies and measures support the implementation of digital renminbi application pilot projects

In recent years, governments at all levels have strongly supported policies in the Guangdong-Hong Kong-Macao Greater Bay Area to carry out digital renminbi application pilot projects. For example, in August 2019, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on Supporting Shenzhen in Building a Pioneer Demonstration Zone of Socialism with Chinese Characteristics" to support the development of innovative applications such as digital currency research and mobile payments in Shenzhen. In August 2020, the Ministry of Commerce issued the "Overall Plan for Comprehensively Deepening the Pilot Program for Innovative Development of Trade in Services", which clearly pointed out that digital RMB pilots should be carried out in qualified pilot areas such as the Guangdong-Hong Kong-Macao Greater Bay Area. In October 2020, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Comprehensive Reform Pilot Implementation Plan for Building a Pioneer Demonstration Zone of Socialism with Chinese Characteristics in Shenzhen (2020-2025)", proposing to support the implementation of internal closed pilot tests of digital renminbi and promote digital renminbi. R&D applications and international cooperation. In April 2021, the Guangdong Provincial People's Government issued the "Guangdong Province's Fourteenth Five-Year Plan for National Economic and Social Development and Outline of Long-term Goals for 2035", proposing to carry out innovative applications such as digital currency research and mobile payments, and support Shenzhen in developing digital renminbi. pilot and support Guangzhou’s efforts to be included in the digital renminbi pilot area.

Shenzhen took the lead in launching a digital RMB red envelope event at the end of 2019. As of the end of 2021, Shenzhen pilot institutions have successively launched 264 pilot activities in various forms, with more than 300,000 merchants accepted. District governments have issued 616 million yuan in digital RMB special funds to 2,422 small and micro enterprises, and have initially established existing application scenarios. There is also a digital RMB ecosystem for consumer groups. At the same time, in the field of digital renminbi cross-border payments, in March 2021, Shenzhen Luohu District cooperated with Bank of China and Bank of China Hong Kong to successfully complete the test work for Hong Kong residents to use digital renminbi in the mainland. This test explored the scenario of Hong Kong residents coming to Shenzhen for cross-border digital renminbi payments, laying a technical and cognitive foundation for promoting the cross-border circulation and use of digital renminbi in the future. At the end of March 2022, Guangzhou became the third batch of digital RMB pilot areas, and jointly operated banks to implement scenarios such as shopping malls, real estate and government affairs.

Four focus points for establishing a digital RMB international demonstration zone

Follow the principles of "no loss", "compliance" and "interoperability". The "no loss" principle requires that the digital renminbi should promote the health and sustainability of the monetary system, monetary policy, financial markets and financial stability. The digital renminbi should not damage the status of the Hong Kong dollar as the legal currency of Hong Kong and the Macau pataca as the legal currency of Macau.. At the same time, consumer rights and interests in digital currency exchange and circulation should be protected, fair competition should be promoted, and the market should play a decisive role in resource allocation. The principle of "compliance" requires that the digital renminbi should have a sound legal basis and a robust operating system, comply with laws and regulations on foreign exchange management, exchange system arrangements, cross-border capital flow management, etc., achieve a match between information flow and capital flow, and promote cross-border capital flow management. The development of cross-border trade and global supply chains serves the healthy development of the real economy, complies with regulatory requirements such as anti-money laundering and anti-terrorist financing, and strengthens the protection of users’ personal information. The principle of "interoperability" requires that the digital renminbi should make full use of existing financial infrastructure and advanced financial technology development achievements to achieve interconnection between the digital renminbi, Hong Kong dollar and Macau pataca systems and with the financial markets and financial infrastructure of Guangdong, Hong Kong and Macao. At the same time, it should be conducive to promoting the healthy and orderly development of cross-border payment business and eliminating the fragmentation of the digital currency market.

Establish legal digital currency exchange arrangements and regulatory cooperation mechanisms. Explore the currency exchange rate stabilization mechanism between the RMB, the Hong Kong dollar, and the Macau pataca, and promote the improvement of the quality and efficiency of cross-border financial infrastructure in the Guangdong-Hong Kong-Macao Greater Bay Area. Digital RMB follows the principle of "anonymity for small amounts and traceability for large amounts according to law", which not only meets the public's demand for anonymous payment services for small amounts, but also prevents digital RMB from being used for cross-border illegal and criminal activities. Therefore, while the digital renminbi promotes the free flow of funds in the Guangdong-Hong Kong-Macao Greater Bay Area, it can also effectively control the flow of funds within the Greater Bay Area. In addition, it is recommended to launch a capital account convertible cross-border regulatory sandbox pilot in the Guangdong-Hong Kong-Macao Greater Bay Area using digital renminbi as a carrier. On the one hand, the safe and convenient payment features of the digital renminbi are used to accelerate capital account convertibility and the internationalization of the renminbi; on the other hand, the smart contracts and real-time transaction data monitoring functions of the digital renminbi are used to effectively ensure the security and risks of the entire life cycle of the digital renminbi. Controllable.

Enrich the application scenarios of digital RMB cross-border payment. Digital RMB cross-border payment application scenarios include cross-border e-commerce, Hong Kong and Macao residents traveling to the mainland of the Greater Bay Area, and mainland residents of the Greater Bay Area traveling to Hong Kong and Macao. First of all, safe and convenient payment and settlement channels are an important guarantee for cross-border e-commerce to achieve closed-loop transactions. The application of digital renminbi in cross-border e-commerce scenarios can help reduce payment fees for small and micro enterprises. While improving the efficiency of cross-border capital flows, it can also enhance the protection of consumer rights and interests and better promote trade in the Greater Bay Area. and free and convenient capital flow. Secondly, Hong Kong and Macao residents who come to the mainland of the Greater Bay Area for a short period of time can open a digital renminbi wallet without opening a mainland bank account, so they do not need to rely on the intermediary function of commercial banks and use digital renminbi to meet daily retail payments in the mainland of the Greater Bay Area. need. Finally, expand the scope of use of digital RMB wallets among merchants in Hong Kong and Macao. Mainland residents in the Greater Bay Area can directly use digital renminbi when traveling to Hong Kong and Macao, providing a safer, more convenient, innovative and easy-to-use option for their cross-border retail consumption, and improving the efficiency and user experience of cross-border payment services.

(This article was originally published in the 2022 Issue 5 of "China Banking" magazine)

⑸ Will third-party payment disappear after the emergence of digital currency

Digital RMB It sounds like a science fiction concept, but it has quietly become a reality.
On the evening of October 8, 2020, the Shenzhen Internet Information Office’s official Weibo announced that in order to promote the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and in conjunction with local consumption promotion policies, the Shenzhen Municipal People’s Government and the People’s Bank of China have recently launched a digital RMB red envelope pilot. This means that the digital renminbi has taken an important step forward in its practical application.
When talking about digital currencies, we usually think of private currencies such as Bitcoin that rely on blockchain technology. But there are essential differences between the two.
Digital currency researcher Yang Jun introduced to Times Finance that cryptocurrencies such as Bitcoin are basically decentralized, illegal, and non-legal, and therefore pose greater risks. The central bank's digital currency is the same as banknotes, centralized, legal tender, and backed by national credit.
From a usage model perspective, digital renminbi is more similar to existing third-party mobile payments, but has advantages such as higher credit endorsement, stronger privacy management, and more advanced payment methods.
Yang Jun analyzed that in the future, digital renminbi will have a huge impact and challenge on existing third-party payment methods.
It can be said that digital renminbi has “already arrived”
For digital renminbi, the central bank has already made plans. In 2016, the central bank established a digital currency research institute. At the end of 2017, with the approval of the State Council, the central bank organized some commercial banks and related institutions to jointly develop a digital renminbi system (DC/EP). In April 2020, the digital renminbi conducted internal closed pilot tests for the first time in Shenzhen, Suzhou, Xiongan, Chengdu and future Winter Olympics scenes.
Zhang Jinxi, chairman of Yimi Holdings Co., Ltd., director of the Guangdong Creative Economy Research Association and initiator of the blockchain industrial smart park, told Times Finance that the last closed test was relatively limited in terms of personnel and usage scenarios. It is to test the performance of the digital renminbi.
“The first is technical feasibility and security, the second is the performance of high-frequency payment exchange, and the third is the convenience and friendliness of payment.” Zhang Jinxi said.

⑹ Experts estimate that the East-to-West Calculation Project can leverage 8 times the investment in related industries

Experts estimate that the East-to-West Calculation Project can leverage 8 times the investment in related industries

Experts predict that the East-West Computing Project can leverage 8 times the investment in related industries. On the 17th, the National Development and Reform Commission approved the construction documents of four computing power hub nodes. At this point, the construction of the eight major computing power hub nodes in the country has been officially launched. Experts estimate that the East-to-West Computational Project can leverage 8 times the investment in related industries.

Experts predict that the East-West Calculation Project can leverage 8 times the investment in related industries1

The National Development and Reform Commission and other departments officially issued theThe news was released and it was agreed that Beijing-Tianjin-Hebei, the Yangtze River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area, Chengdu and Chongqing and other places would start building national hub nodes for a national integrated computing network. At this point, the overall layout design of the national integrated big data center system has been completed, and the "digital data in the east and calculation in the west" project has been officially launched.

The so-called "number in the east and calculation in the west", "number" refers to data, and "calculation" refers to computing power. "In layman's terms, it means transmitting data from the east to the west for calculation and processing, just like the south-to-north water diversion and west-to-east electricity transmission. 'East-to-west calculation' is another important strategic project of the country. It uses an integrated approach to promote the east-west data The center develops in coordination with network, cloud, computing power, data elements, applications and security," explained Li Jie, deputy director of the Cloud Computing and Big Data Research Institute of China Academy of Information and Communications Technology.

The eight major computing power hubs of "East and West"

and 10 clusters were all launched

On the same day, the Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong, Hong Kong and Macao Four national hub nodes of the national integrated computing power network, including the Greater Bay Area and Chengdu-Chongqing, have been launched. In addition, in December last year, Guizhou, Inner Mongolia, Gansu, and Ningxia received approval to launch the construction of national hub nodes of the national integrated computing network, and all eight computing hubs and 10 clusters of the "Eastern Digital and Western Computing" have been implemented.

Among them, the Beijing-Tianjin-Hebei hub plans to set up a Zhangjiakou data center cluster; the Yangtze River Delta hub plans to set up the Yangtze River Delta ecological green integrated development demonstration zone data center cluster and Wuhu data center cluster; the Chengdu-Chongqing hub plans to set up Tianfu Data Center cluster and Chongqing data center cluster; the Guangdong-Hong Kong-Macao Greater Bay Area hub plans to establish the Shaoguan data center cluster, and the starting area boundary is the Shaoguan High-tech Zone.

"The national hub node will become the 'granary' and 'blood bank' that promotes the development of the digital economy. It will play an important role in building digital cities, providing super computing power, building urban smart brains, and improving government efficiency. Governance capabilities and levels play a key role in ensuring national network and information security, and are important strategic infrastructure related to national security, stability, and development." said Feng Jie, a member of the Information and Communication Economy Expert Committee of the Ministry of Industry and Information Technology.

Annual investment volume will reach hundreds of billions

Effectively drive investment in upstream and downstream industries

Which upstream and downstream industries will be stimulated by the construction of "East and West" How much investment will chain development drive?

Authoritative institutions and experts estimate that the annual investment volume of the "Eastern Digital and Western Calculation" project will reach hundreds of billions of yuan, and the stimulating effect on related industries will reach 1:8. This also means that the project will greatly exceed the "West-East Gas Transmission" and "South-to-North Water Diversion" projects. This is precisely the power of China’s “digital economy”.

"The data center industry chain includes not only traditional civil engineering, but also IT equipment manufacturing, information communications, basic software, green energy supply, etc. The industry chain is long, covers a wide range of categories, and has a large driving effect. In order to coordinate Optimizing the layout and promoting the precise development of data centers will effectively drive upstream and downstream investment in the industry." said the relevant person in charge of the New High-tech Department of the National Development and Reform CommissionThe person in charge said.

Quantitative data from relevant research reports show that for every 1 percentage point increase in the computing power index, the digital economy and GDP will grow by 3.3% respectively. and 1.8%. .

In fact, with the rapid development of new technologies such as 5G and artificial intelligence, my country's data resource storage, computing and application requirements continue to increase, driving the rapid growth of data center scale. In the past five years, my country's data center machine The average annual scale growth rate exceeds 30%.

Huawei, Century Internet and many other companies

are actively planning to “number in the east and calculate in the west”

A reporter from the Shanghai Securities News learned that, Many leading companies, including Huawei, 21Vianet, China Telecom, and Network, are actively participating in the “Digital from the East and Count from the West” project.

"We are actively participating in the 'Digital from the East to the West' project, and our business layout is highly consistent with the national strategy." The person in charge of Huawei Cloud told reporters that in 2017, Huawei proposed cloud data in southern Guizhou and northern Wuhan. With regard to the layout of the center, it is planned to build ultra-large data center bases in Gui'an New District and Ulanqab Big Data Industrial Park, with the number of servers reaching more than 1 million in the future.

"21Vianet was founded in 1996 and built my country's first third-party data center computer room in 1999. In the first 20 years of the company's development, its resource layout was mainly concentrated in first-tier cities and its surrounding areas. In the country Under the guidance of the "Eastern Digital and Western Counting" project and the collaborative innovation and development of the integrated big data center, 21Vianet will adopt two measures: tilting towards the central and western regions through new projects and improving the functions of the eastern data center. Among them, the company will gradually increase its presence in the western region. Regarding the proportion of large and ultra-large data centers built in regional layouts, it is expected that the growth rate of data center investment in the western region will be twice that of the eastern region in the next five years." Wang Shiqi, rotating CEO of Century Internet Group, told reporters.

"Our data center located in the western hub node can make full use of the western region's advantages in climate, environment and other aspects, integrate green and intelligent technologies into the overall design, and significantly reduce the PUE of the data center and the enterprise's The operating cost and energy efficiency ratio PUE is only 1.12. Under full load operation in the future, it is expected to save 1.01 billion kilowatt hours of electricity and reduce carbon emissions by 810,000 tons, which is equivalent to planting 35.67 million trees annually." said the person in charge of Huawei Cloud.

Experts predict that the East-West Computing Project can leverage 8 times the investment in related industries 2

On the 17th, the National Development and Reform Commission approved the construction documents of 4 computing power hub nodes. At this point, the construction of the country’s eight major computing power hub nodes has officially begun. Fully launched, according to estimates, during the 14th Five-Year Plan period, more than 400 billion yuan of related investment will be added every year. In the future, the domestic big data industry will also form a "number in the east and calculate in the west" pattern.

Of the eight major computing power hub nodes in the country approved by the National Development and Reform Commission, 4 are located near areas with large computing power demand such as Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong, Hong Kong, Macao, Chengdu and Chongqing; 4 are located in Guizhou and Inner Mongolia , Gansu, Ningxia and other regions rich in renewable energy. The National Development and Reform Commission stated that currently, most of my country's data centers are located in the east. Under the situation of tight resources such as land and energy, large-scale development of data centers in the east is expensive and unsustainable; it is necessary to take advantage of the abundant clean energy in the west to support the east High demand for computing power.

Zheng Weimin, a professor at Tsinghua University and an academician of the Chinese Academy of Engineering: Land resources in the east are limited and electricity is relatively expensive. A computing center with about 100 PFlops (floating point operations per second) can take a year in the east. It will cost 50 to 60 million yuan in electricity bills. Therefore, now we need to find a way to transfer data from the east to the west.

The National Development and Reform Commission stated that in the future, new large-scale data center increments in China will focus on the eight major computing power hub nodes. Such a layout must not only serve the development of major regions The needs of strategy implementation also take into account network delay requirements. Businesses that require high network latency must be built nearby. Businesses that do not require high network latency, such as offline analysis, storage backup, etc., can be first transferred to the western computing power hub node to undertake them. In the future, large and ultra-large data centers across the country will in principle be built within these eight computing power hub nodes.

Sun Wei, Deputy Director of the High Technology Department of the National Development and Reform Commission: It is necessary to promote the layout and construction of a national integrated data center just like the "South-to-North Water Diversion" and "West-to-East Power Transmission". Expand the scale of computing power facilities, improve the efficiency of computing power usage, and achieve large-scale and intensive development of computing power across the country.

(CCTV Finance "Zhengdian Finance")

Experts predict that the Eastern Digital and Western Calculation Project can leverage 8 times of investment in related industries3

Recently, the National Development and Reform Commission and the Central Cyberspace Administration of China , the Ministry of Industry and Information Technology, and the National Energy Administration jointly issued a notice agreeing to start the construction of national computing power hub nodes in 8 places including Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Chengdu, Inner Mongolia, Guizhou, Gansu, and Ningxia. And 10 national data center clusters are planned. At this point, the overall layout design of the national integrated big data center system has been completed, and the "digital data in the east and calculation in the west" project has been officially launched.

Nandu reporters noticed that affected by this news, as of the close of trading on February 18, many stocks in the cloud computing index and big data index set off a daily limit trend - Capital Online, Yunsai Zhilian, Dataport, Jialitu , Meiliyun, Zhejiang University Insigma, etc. hit their daily limit.

It is expected to drive 400 billion yuan of investment every year

"Number in the east and calculation in the west", "number" refers to data, and "calculation" refers to calculation force. In layman's terms, "that is, data from the east is transmitted to the west for calculation and processing.

Sun Wei, deputy director of the High Technology Department of the National Development and Reform Commission, said that the western region of my country is rich in resources, especially renewable energy, and has the The potential of developing data centers and undertaking the computing power demand in the east. "Just like the 'South-to-North Water Diversion' and 'West-to-East Power Transmission', we must give full play to the advantages of our country's institutional mechanisms and integrate them from a national perspective.Layout, optimize resource allocation, and improve resource usage efficiency. ”

According to the layout of the national integrated big data center system, 8 national computing power hub nodes (Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Chengdu-Chongqing, Inner Mongolia, Guizhou, Gansu, Ningxia) It will serve as the backbone connection point of my country's computing power network, develop data center clusters, carry out collaborative construction between data centers and networks, cloud computing, and big data, and serve as the strategic fulcrum of the national "Eastern Data and West Computing" project to promote computing power The orderly transfer of resources to the west will help solve the imbalance between supply and demand of computing power in the east and west.

In each computing hub, 1 to 2 data center clusters are planned to be established. The relationship between computing hubs and clusters , similar to transportation hubs and passenger stations.

Xu Bin, deputy director of the Innovation-Driven Development Center of the National Development and Reform Commission, said that the data center cluster will bring together large and ultra-large data centers to specifically undertake data traffic. The cluster will receive There will be better policy support and supporting guarantees, and there will also be stricter requirements in terms of green energy conservation, resource utilization, safety and security levels.

Focusing on 8 national computing power hub nodes, 10 countries The data center clusters are Zhangjiakou Cluster, Yangtze River Delta Ecological Green Integrated Development Demonstration Zone Cluster, Wuhu Cluster, Shaoguan Cluster, Tianfu Cluster, Chongqing Cluster, Gui'an Cluster, Helinger Cluster, Qingyang Cluster, and Zhongwei Cluster.

Distribution of data center clusters in 10 countries. Source: National Development and Reform Commission

It is understood that the data center industry chain of the "East Number and West Number" project has a long industrial chain and a large investment scale , with a strong driving effect. The National Development and Reform Commission predicts that this project will drive the development of industrial chains such as information communications, IT equipment manufacturing, basic software, green energy supply, and civil engineering. Some insiders estimate that through the construction of computing power hubs and data center clusters, It will effectively drive investment in the upstream and downstream industries, and is expected to drive 400 billion yuan of investment every year after launch.

Guosheng Securities research report analysis shows that the continued rapid growth of computing power and traffic is an inevitable trend, and the continuous construction and expansion of supporting infrastructure is an inevitable trend. Rigid demand has high certainty in the next 3-5 years. The development of computing power, traffic and even applications will drive the construction of mobile networks, and 5G and related industry chains as the core will also continue to benefit.

Why build "Numbers from the East and Counts from the West"

According to relevant data, as of now, the scale of my country's data centers has reached 5 million standard racks, and the computing power has reached 130EFLOPS (1300 billion floating-point operations per second) . As digital technology continues to penetrate all areas of the economy and society, the whole society is still very urgent in its demand for computing power, which is expected to continue to grow rapidly at a rate of more than 20% every year.

Computing power has become the national economy Important infrastructure for development. Accelerating the construction of computing power will effectively stimulate the innovation vitality of data elements, accelerate the process of digital industrialization and industrial digitization, spawn new technologies, new industries, new business formats, and new models, and support high-quality economic development.

In recent years, with the rapid development of data center scale, higher requirements have been placed on energy, land, climate and other conditions. Some eastern regions have great application demand, but have tight energy consumption indicators and high electricity costs, making it difficult and limited to develop large-scale data centers; while some western regions have abundant renewable energy and suitable climate, but have problems with small network bandwidth and cross-provincial problems. Bottlenecks such as high data transmission costs prevent it from effectively catering to eastern demand.

The National Development and Reform Commission explained that in recent years, with the acceleration of digital transformation and upgrading in various industries, especially the rapid popularization and application of new technologies such as 5G, artificial intelligence, and the Internet of Things, the total amount of data in the entire society has exploded. , the demand for data storage, computing, transmission, and application has increased significantly. Therefore, accelerating the construction of the national hub node of the national integrated computing power network, as the backbone node of my country’s computing power network, has become a top priority.

Therefore, there is an urgent need to increase the top-level design of the national computing network, transform the network-centered development model as soon as possible, and reconstruct the network pattern around the data center.

Which data is sent to the West for calculation? Source: National Development and Reform Commission

Nandu reporters learned that as early as May 2021, the National Development and Reform Commission and four other departments issued the "National Integrated Big Data Center Collaborative Innovation System Computing Power Hub Implementation Plan", which clearly mentioned, Support the implementation of the "Eastern Data and Western Computing" demonstration project and deepen the coordination of computing power between the East and the West.

The "14th Five-Year Plan for the Development of the Information and Communications Industry" clarifies that by 2025, the data center layout will achieve coordinated development in the east, middle and west, and the level of intensive and large-scale development will be significantly improved, forming a synergy between data and networks. The multi-level computing power facility system of data-cloud collaboration, cloud-edge collaboration, and green intelligence has greatly improved the computing power level, and the service capabilities of artificial intelligence, blockchain and other facilities have been significantly enhanced.

In addition, the State Council issued the "14th Five-Year Plan for Digital Economy Development" and proposed to accelerate the implementation of the "Eastern Digital and Western Counting" project, promote the coordinated development of cloud and network, and improve data center cross-network and cross-regional data interaction. capabilities, strengthen edge computing capabilities for specific scenarios, and strengthen computing power coordination and intelligent scheduling.

The Guangdong-Hong Kong-Macao Greater Bay Area hub is launched

As one of the eight national computing power hub nodes, the development of the Guangdong-Hong Kong-Macao Greater Bay Area has attracted much attention. Nandu reporters learned that recently, the National Development and Reform Commission, the Central Cyberspace Administration of China, the Ministry of Industry and Information Technology, and the National Energy Administration responded to the letter agreeing that the Guangdong-Hong Kong-Macao Greater Bay Area would start building a national hub node for a national integrated computing network (hereinafter referred to as "Guangdong-Hong Kong-Macao"). Greater Bay Area Hub").

According to the reply, the Guangdong-Hong Kong-Macao Greater Bay Area hub will set up a data center cluster in Shaoguan High-tech Zone to undertake the real-time computing power needs of Guangzhou, Shenzhen and other places, guide the migration of warm and cold business to the west, and build a radiating southern China Even the real-time computing power center across the country.

According to the national hub node construction requirements, the national hub node of the Guangdong-Hong Kong-Macao Greater Bay Area will establish a Shaoguan data center cluster and a city data center.A three-level data center spatial layout structure including core and edge computing, national hub nodes in the western region and other out-of-province data centers.

Among them, the Shaoguan data center cluster has upgraded its network level to a national-level backbone network hub node, guiding the province's large and ultra-large (more than 3,000) data centers to gather, and other projects in the province In principle, regions will no longer build new large or ultra-large data centers. By 2025, the Shaoguan data center cluster will be built with 500,000 standard racks and 5 million servers, with an investment of more than 50 billion yuan (excluding servers and software), to carry low-latency services (latency requirements are less than 20ms) Mainly large and ultra-large data centers, and the auxiliary construction part really needs to be built in the province to carry large and ultra-large data centers with medium-latency requirements (latency requirements 20ms-50ms).

Regarding the structure of Shaoguan data center cluster construction, the National Development and Reform Commission clearly requires that the construction should meet the development requirements of new data centers, start the construction of the starting area as soon as possible, and gradually implement key construction projects. The main body of project construction is in principle data Key enterprises in the center-related industries will support the development of large and ultra-large data centers. The construction content will cover the construction of green and low-carbon data centers, improvement of network service quality, efficient scheduling of computing power, and improvement of security capabilities.

⑺ How will the Guangdong-Hong Kong-Macao Greater Bay Area develop in the future

Representative Tam Chi-yuan, member of the Hong Kong and Macao Representative Committee, said that the Guangdong-Hong Kong-Macao Greater Bay Area has the advantages of location, policy and 'one country, two systems'. The Guangdong-Hong Kong-Macao Greater Bay Area has the largest seaport and airport clusters in the world, with strong economic vitality and a high degree of openness. If overall coordination can be achieved to achieve clear division of labor, complementary advantages, and coordinated development among cities in the area, the prospects are limitless.

Commissioner Wei Mingde said that the “One Belt, One Road” initiative provides overlapping advantages for the Guangdong-Hong Kong-Macao Greater Bay Area to build a world-class bay area. As the frontier of opening up to the outside world, the Guangdong-Hong Kong-Macao Greater Bay Area has three major cultural ties: hometown of overseas Chinese, English, and Portuguese. It is an important bridge connecting countries along the 21st Century Maritime Silk Road.

⑻ What is the Guangdong-Hong Kong-Macao Greater Bay Area Network?

The Guangdong-Hong Kong-Macao Greater Bay Area Network is a joint venture between China Enterprise News Observation Network and 28 financial institutions and 36 institutions in the Guangdong-Hong Kong-Macao Greater Bay Area. Jointly organized by colleges and universities, 200 business associations and more than 100 world-renowned media in 2017, it is now hosted by Zhongcheng Culture Media Co., Ltd. and is the portal website of the Guangdong-Hong Kong-Macao Greater Bay Area.
The Guangdong-Hong Kong-Macao Bay Area Network adheres to the network policy of "overviewing the situation and dynamics of Guangdong, Hong Kong and Macao, gathering business strategies for the Guangdong-Hong Kong-Macao Greater Bay Area, disseminating blockchain hotspot information, and demonstrating the rich value of the blockchain", relying on the world's authoritative institutions ( China Social and Economic Decision-making Advisory Committee, China Social and Economic Decision-making Consulting Center, China Market Research Center and China Market Survey and Research Center) conduct research, judgment and decision-making on the Guangdong-Hong Kong-Macao Greater Bay Area. The operating agencies cooperate with the People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission, Top ten commercial banks, top ten law firms, top ten accounting firms, top ten knowledgeProperty rights companies, China Professional Credit Platform and more than 100 Internet and financial research institutions and relevant national ministries and commissions cooperate with each other, absorbing the authoritative opinions of 650 well-known experts and scholars from 200 key international and domestic universities, with more than 2,000 outstanding editors and editors First-line information provided by five hundred national Internet technology backbone special writers. Its authoritativeness, forward-lookingness, comprehensiveness, strategic nature, authenticity and practicality have been recognized by the global market, making Guangdong, Hong Kong and Macao unique in the global Greater Bay Area.

⑼ The world's first Internet of Vehicles blockchain IOV Blockchain was officially open sourced globally in Huangpu, China

On January 14, 2020, Beijing time, Guangdong Zhongke Intelligent Blockchain Technology Co., Ltd. The company successfully held the global open source of the underlying technology of the Internet of Vehicles blockchain and the launch conference of the ecological service system in Huangpu, Guangzhou, and released the underlying technology platform of the Internet of Vehicles blockchain IOVBlockchain to the world. With the MDPoS algorithm and cross-chain technology, it has officially become the fourth generation. The representative platform of blockchain algorithm technology ranks among the top ten blockchain underlying technology platforms in the world. In just two months after Zhongke settled in Huangpu, the number of blockchain technology patent applications has reached 11.2% of the number of applications filed by the People's Bank of China, and 1.3% of Alibaba, the world's largest blockchain technology patent application company, has become Guangzhou The Huangpu blockchain industry was successfully incubated and became the backbone of global blockchain technology competition. Zhongke Company, Guangzhou Intelligent Connected Vehicle Demonstration Zone Operation Center, and Jumbo Bus Group signed a tripartite agreement on blockchain technology application cooperation at the press conference, becoming another important scenario for blockchain technology application in Huangpu District.

The technical infrastructure route in the development process of the blockchain industry is particularly important, including core content such as underlying algorithm capabilities, open source service capabilities, ecosystem development capabilities, industry standardization processes, and digital chip industry applications. After long-term scientific research and incubation, Zhongke has completed the open source of the underlying blockchain algorithm and launched an ecological service system. In 2020, it will start the standardization construction of the Internet of Vehicles blockchain and the design and development of digital chips. The launch of IOV Blockchain’s open source and ecological services marks that the underlying technical strength of China’s blockchain is changing the competitive landscape of the new generation of global information technology. In terms of underlying technology and business ecology, as one of the core technology representatives of blockchain, it leads China’s blockchain industry and become a Chinese force participating in global competition.

This press conference received the guidance of Guangzhou Huangpu District Industry and Information Technology Bureau and Guangzhou Blockchain Industry Association, Guangdong-Hong Kong-Macao Greater Bay Area Blockchain Alliance, BLOCKCHAIN728, and Guangdong Automotive Supplies With the support of the Chamber of Commerce and the Internet of Vehicles Branch, more than 100 representatives from industry organizations and core blockchain companies attended the press conference and participated in technology docking activities.

This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.

⑽ WeBank helps the blockchain industry flourish

JulyOn the 19th, the "Digital "Chain" Greater Bay Area - Blockchain Assists the Integrated Development of the Guangdong-Hong Kong-Macao Greater Bay Area Report (2022)" (hereinafter referred to as the "Report") hosted by the China (Shenzhen) Comprehensive Development Research Institute Held in Shenzhen.

The report believes that digital technology represented by blockchain can play an important role in breaking the ice of institutional differences in the Guangdong-Hong Kong-Macao Greater Bay Area, supporting the leapfrogging of the real economy and empowering innovation in social governance, and effectively boosting the development of Guangdong-Hong Kong-Macao Greater Bay Area. The integrated development of the Hong Kong and Macao Greater Bay Area has entered a new era 2.0. The report uses a wealth of practical cases of blockchain usage scenarios to demonstrate the role and contribution of blockchain in the construction of digital economy, digital society, and digital government.

The Greater Bay Area has sounded the clarion call for the rise of blockchain.

“The blockchain field in the Guangdong-Hong Kong-Macao Greater Bay Area is active in innovation, with rich application results, strong factor attraction, strong policy support, and an ecological development trend.” At the press conference, the report announced the development of the Greater Bay Area in A series of achievements in the blockchain field.

The report shows that in 2021, there were 10,710 blockchain-related invention patent applications in mainland China, Hong Kong, Macao and Taiwan, of which 3,282 occurred in the Greater Bay Area, accounting for 31% of the total. In addition, the Greater Bay Area has published a total of 756 articles on blockchain topics. Compared with other world-class bay areas, the number has begun to clearly dominate.

In the context of unprecedented changes in a century, experts and scholars shared their thoughts on the value of blockchain. Fan Gang, a well-known economist and president of the China (Shenzhen) Comprehensive Development Research Institute, said that under the influence of international situations such as the epidemic and the Russia-Ukraine war, new changes have taken place in the international trade system and currency settlement system. Since the blockchain has the characteristics of privacy, mutual trust of real information, and no need to repeatedly verify duplicate information, it greatly improves transaction efficiency. In his view, with Internet technologies such as blockchain, and empowered by the open source ecosystem of large companies, more small businesses will use the platform to play a role.

Fan Gang, President of China (Shenzhen) Comprehensive Development Research Institute.

Therefore, the report believes that “the Greater Bay Area has sounded the clarion call for the rise of blockchain.” "The Guangdong-Hong Kong-Macao Greater Bay Area has the advantages of open markets, diversified needs, and talent gathering. The cutting-edge science and technology field represented by blockchain is actively innovating, achieving fruitful results, and the ecological development trend has been set. It has become the key to the development of blockchain at home and abroad. The new highland is pregnant with the strong development pulse and greater development future of blockchain and digital economy." Liu, deputy director of China (Shenzhen) Comprehensive Open Key Development Research Institute, said when releasing the report.

Expansion, integration and innovation of cutting-edge technology in "Xinjiang region"

Ma, Vice President and Chief Information Officer of WeBank.

This is an example of using blockchain across borders for trusted data.

Tang Jie, professor at the School of Economics and Management of Harbin Institute of Technology (Shenzhen) and former deputy mayor of Shenzhen, commented on the report and pointed out that currently, the application results of blockchain in the Guangdong-Hong Kong-Macao Greater Bay Area are already very rich. The number of projects ranks among the top in the country, and a number of leading blockchain companies are emerging, which can not only effectively solve the current problem of poor flow of people, but also the system caused by goods and funds in the Guangdong-Hong Kong-Macao Greater Bay Area.Differences also facilitate cross-border and cross-domain use of data elements. He believes that new technologies such as blockchain should actively explore usage scenarios in the Greater Bay Area, and encourage technology-leading companies to be open and open source to create a good ecosystem.

Therefore, the report states that "digital technology represented by blockchain has accelerated the integration of the Greater Bay Area."

This integration is reflected in the fact that technology is melting the ice of institutional differences, supporting the leap of the real economy, and empowering innovation in social governance. Among them, in terms of melting institutional differences, the "Bay Area Fintech Talent Chain" of the Guangdong-Hong Kong-Macao Greater Bay Area, WeBank's inter-financial institution reconciliation platform, Guangdong-cross-border data verification platform, port logistics and

Harbin Institute of Technology ( Liu Chuanyi, executive director of the Shenzhen Data Security Research Institute and professor of the School of Computer Science and Technology, also believes that one of the functions of the blockchain is to trace the source of the evidence, which cannot be tampered with or traced back. This function determines that it can become an important infrastructure in the digital age. “As a basic infrastructure, the blockchain should first be open source, and secondly the source code should be formally verified. In addition, the blockchain should be vertically open, and some important uses should be fed back to these infrastructures, thereby strengthening the sustainability of the infrastructure. Iterate to make this infrastructure clearer."

With the deepening of the connection between the rules and mechanisms of Guangdong, Hong Kong and Macao, the level of integrated development of the Greater Bay Area continues to improve. The report further points out that shallow integration needs such as hardware docking, front stores and back factories, and gradient division of labor for the integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area in the 1.0 era are being replaced by deep integration needs such as system compatibility, economic interdependence, and social interconnection in the 2.0 era. .

“The Guangdong-Hong Kong-Macao Greater Bay Area relies on cutting-edge technologies such as blockchain to realize the flow or utilization of trusted data in a multi-system environment, improve the efficiency and effectiveness of the flow of people, logistics, and capital, and significantly expand the economic hinterland, A 'Xinjiang region' that integrates innovation." The report pointed out.

Developing a "trust transfer machine" to help integrated development

"Blockchain, especially alliance chains, are recognized machines for transferring trust. Based on blockchain technology and individual-led distributed data transmission protocols, it can Effectively promote the flow of data elements and help the integrated development of the Greater Bay Area." As a representative of industry practice, Ma said when sharing.

According to its disclosure, WeBank has always regarded blockchain as one of the core technologies of financial technology, and in 2016 it took the lead in launching the blockchain alliance "Golden Chain Alliance" in the financial industry. It has always adhered to the concept of comprehensive security and controllability of blockchain technology, relying on the collaboration of the Golden Chain Alliance open source working group to create FISCO BCOS, the underlying open source platform of the financial alliance chain, to achieve localization support for the entire chain, which greatly accelerated the development of the Guangdong-Hong Kong-Macao Greater Bay Area. The development of the blockchain open source ecosystem. At present, WeBank, as the first digital bank in China, has accumulated 340 million effective individual customers and nearly 2.8 million small and micro enterprises.

Ma revealed that at present, the open source alliance chain ecosystem built by Weizhong Blockchain and many parties has gathered more than 3,000 institutions and enterprises and more than 70,000 individual members, successfully supporting finance, medical care, justice, agriculture, Hundreds of blockchains used in multiple industries, including manufacturing, and more than 200 supportedBenchmark usage for industrial digitalization.

Currently, the blockchain in the Guangdong-Hong Kong-Macao Greater Bay Area is showing an ecological development trend, and the open and diversified blockchain ecosystem is accelerating its evolution. Gu Qingshan, assistant to the general manager of Shenzhen Zhangzhangtong Intelligent Technology Co., Ltd., pointed out that as the flagship financial technology incubated by Ping An Group, finance Zhang Tong has been deeply involved in financial technology for many years.

Has rich experience in the use of financial blockchain, and has deep accumulation in patents, localization, etc., which can meet the actual needs of financial institutions’ blockchain.

As a practical representative of the academic community, Pang Chuan, Vice President of Macau University of Science and Technology and member of the Macau Legislative Assembly, said that in addition to scientific research and serving society, the most important thing in academia is to cultivate talents. In June 2023, Blockchain Engineering (080917T ) has passed the registration and approval of undergraduate majors in general colleges and universities by the Ministry of Education, and the first batch of undergraduate graduates in blockchain engineering will be officially born in four years. In addition, Tsinghua University, Peking University, University of Science and Technology of China and other well-known universities are on the list of candidates for the national pilot program for innovative use of blockchain in the education field.

[Written by] Li Hualian

Related Q&A: How does the procuratorate investigate the bank statements of WeBank? The procuratorate only needs to go to the company to investigate the bank statements of WeBank. Under normal circumstances, the court cannot check the bank statements of the person subject to execution. If it is related to the case, it can apply for inquiry. The transaction history of the person subject to execution may involve property outside the case. The property inquired, seized, frozen, transferred, and valuated by the people's court shall not exceed the scope of the obligation of the person subject to execution. Therefore, the court cannot inquire without legal authorization. .