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2021-04-08

Consolidating Capital Strength: SIG's Registered Capital Increases to 30 Billion Yuan

On October 16, Fintech Youth Salon took place at Shanghai Fintech Industry Park. The salon was guided by the Work Committee of the CYL Committee of the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SHSASAC) and the Shanghai Municipal Financial Youth League Work Committee, initiated by the CYL SIG Committee, and organized by the CYL committees of the People's Bank of China, Shanghai Pudong Development Bank, Guotai Junan Securities and Shanghai Rural Commercial Bank.

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When fintech has become an important force driving the high-quality development of the financial industry, vigorously developing fintech is the new connotation, opportunity and impetus of deepening the building of Shanghai International Financial Center. The salon aims to create an exchange platform for youths from the financial and state-owned capital system to know fintech better and broaden horizon.

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Present were heads of the Work Committee of the CYL Committee of SHSASAC and the Shanghai Municipal Financial Youth League Work Committee. The Shanghai Fintech Industrial Alliance (SFIA) introduced the association. 7 young representatives from the five organizers delivered impressive speeches on the innovative regulation, data governance, big data application, AI innovation practices and industrial investment in the field of fintech.

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Intelligent and strong youths lead to a great power. Youths in the state-owned capital system are important forces of implementing national strategies and building Shanghai into five centers. With the aim of serving overall interests and youths, based on the salon, the CYL SIG Committee will propel youths to strengthen exchanges, learning and sharing, enhance friendship, work together and continue serving major municipal strategies on their posts.

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Following the salon, some Youth League members visited Shanghai Fintech Industry Park.

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