How Technology & Innovation Are Disrupting China’s Financial Industry

Categories: Academic
by MiYeon Park on May 4th, 2016   362 views

When and Where

  • 04/05/2016
    2:00 pm - 3:30 pm

  • Embassy of the Kingdom of the Netherlands
    4 Liangmahe South Rd, Chaoyang, Beijing, China, 100600
    Beijing
    China
    (get map)

How Technology & Innovation Are Disrupting China’s Financial Industry

Event Details

Innovations in technology and new players in Internet finance are changing the landscape of China’s finance industry. Mobile banking and mobile payment, as well as new platforms like Ant Financial and their Yu’E Bao are forcing big players in the sector to re-evaluate their strategies and business plans. What are the implications for banks like ICBC and Bank of China? How do both urban and rural consumers who, in China, are fairly underserved by the financial system, benefit? Who will be the biggest players in the next decade? Zhongkun Group Chair in Finance, Professor of Finance and Accounting at CEIBS Oliver Rui explores the many changes underway and shares his views on the future of China’s financial sector.

Innovations in technology and new players in Internet finance are changing the landscape of China’s finance industry. Mobile banking and mobile payment, as well as new platforms like Ant Financial and their Yu’E Bao are forcing big players in the sector to re-evaluate their strategies and business plans. What are the implications for banks like ICBC and Bank of China? How do both urban and rural consumers who, in China, are fairly underserved by the financial system, benefit? Who will be the biggest players in the next decade? Zhongkun Group Chair in Finance, Professor of Finance and Accounting at CEIBS Oliver Rui explores the many changes underway and shares his views on the future of China’s financial sector.

Oliver Rui holds a B.S. degree in International Economics (1990) from the Institute of International Relations in Beijing, a Msc. degree in Economics (1993) from Oklahoma State University as well as an MBA in Statistics (1995) and a Ph.D. in Finance (1997), both from the University of Houston. He received the 2013 Research Excellence Award at CEIBS and was awarded the first CEIBS Medal for Research Excellence in 2015. He is a member of the Advisory Board of the Business Valuation Forum in Hong Kong. He is a visiting financial economist at Shanghai Stock Exchange, research fellow at Hong Kong Institute for Monetary Research and research fellow at Asian Development Bank Institute. He is also a vice president of Hong Kong Financial Engineering Association. His research interests include corporate governance, stock markets in China, corporate finance, and mergers & acquisitions.

 

Entrance fee is 80 RMB.

 

Click here to register for this event (hosted by the Foreign Correspondents’ Club of China): http://www.fccchina.org/events/04052016/

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