A Team Led by Professor Donghui Shi Visits Ant Group, Engages in Deep Discussion on Exchanges and Cooperation in Fields Relevant to Digital Finance
Release time：2021-09-30
On October 15th 2021, with the strong support of Professional Development Center (PDC) and Education Service Center (ESC) of FISF, the Learning & Teaching Program (L&T Program) led by Professor Donghui Shi, Professor of Finance, visited Ant Group and had an in-depth exchange with the enterprise staff. L&T Program is devoted to building an extraordinary financial teaching center, constructing a platform for the school to communicate and interact with the industries and promoting school-enterprise cooperation and talent cultivation through a series of enterprise visiting activities.
Ant Group is the mother company of the mobile payment platform
Alipay and also a world-leading fintech open platform. Aimed at driving forward
the digital upgrade of the global modern service industry including financial
services through science and technology, it offers preferential, green and
sustainable services for consumers and small- and micro-sized enterprises. On that day, Chen Fang, General Manager of
Public Affairs Department of Ant Group, Fang Wang, Data and Model Research
Director of Research Institute, Xi Sun, Senior Industry Research Expert of Research
Institute, Desen Yang, Senior Policy Research Expert of Compliance Department,
Xiaoyin Ma, Deputy Research Director of Research Institute, and Shuo Shan,
Algorithm Expert of Research Institute, attended the activity and heartily
welcomed the visit of the professors.
During the activity, the professors first visited the VIP
exhibition hall
of Ant Group to get an understanding of the development process of the group
from the initial stage of entrepreneurship to the current status, the evolution
of business plates and the rapid progress of payments and digital finance.
During the meeting, Xi Sun, Senior Industry Research Expert of Research
Institute, introduced the overall business distribution of Ant Group, which is
mainly divided into five plates, including payment and digital life, digital
finance, internationalization, intelligent technology, as well as social
welfare and green development. Meanwhile, Sun put forward his wish for an
in-depth discussion with the professors upon frontier core issues of how to
make use of the platform technology to help small- and medium-sized financial
institutions achieve digital transformation, how to support private enterprises
in China to compete globally in the current situation, and how to construct a Chinese
data factor market with both efficiency and equity.
Subsequently, Fang Wang, Data and Model Research Director
of Research
Institute, and Shuo Shan, Algorithm Expert of Research Institute, explained the
open plan and cooperation procedures of the Research Institute of Ant Group as
well as the usage of the digital financial research open platform. With the
rapid development of science and technology, the global financial industry has
changed greatly and profoundly. The digital financial industry based on fintech
has become a crucial trend of global financial development. To conduct research
on the new finance, the industry and the academic circle shall carry out intense
communication and candid dialogues. Besides, rigorous and scientific empirical
analysis and quantitative research are also needed. Accordingly, the “digital
financial research open platform” arises. Through this platform, partners
participating in industry-university-research cooperation work together to
discover and identify key issues concerning digital financial research with
both academic values and realistic significance so as to provide directional
guidance for digital financial research; Ant Open Research Laboratory is set up
to provide data and algorithm support for academic studies under the premise of
data security and privacy protection; and special investigations by
enterprises, academic paper discussion, annual academic forums and other activities
are organized regularly to enhance the dialogue between the academic circle and
the industry and boost industry-university-research information sharing and
idea exchanges. In additional, professors can use the platform to learn the
latest events and frontier achievements focused on digital financial research, get
familiar with industrial practices, follow peer research progress and acquire
chances of data support and research cooperation.
In the end, the professors also talked about data customization
of the platform, pricing of small- and micro-sized financial enterprises,
E-CNY, the effect of macro monetary policy on user demand, ESG and other
topics.
L&T Program will continue to make joint efforts with
PDC to seek opportunities for cooperation and exchange with other
representative enterprises for professors, and assist in teaching and research
as well as talent cultivation, supplying more outstanding financial talents
that can keep up with the time and dare to be creative in society.
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