Technology and finance in the post-epidemic era help the transformation, upgrading and development of the real economy

The "black swan" crisis that suddenly broke out at the beginning of the Gengzi period was beyond everyone's expectation. This is a nationwide stress test on the real economy, government governance, business management and people's lives.

Since it is a crisis, naturally the crisis is also organic! Prime Minister Churchill said, "Don't let a crisis go to waste." Where are the opportunities after the crisis? What has changed and what hasn’t changed with COVID-19? Today I would like to share with you the opportunities for transformation and upgrading of the financial industry in the post-epidemic era.

First of all, let me share four observations about the impact of the epidemic on the current economy and society.

1. The new coronavirus has changed the speed of economic growth, but it has not changed the direction of deepening reforms.

Although everyone is calculating the "economic cost of isolation." As an event-driven event, COVID-19 has accelerated the increasing proportion of the new economy in high-tech industries represented by the seven major areas of "new infrastructure", and has also helped the traditional high-growth economic model move towards a new era of high-quality economic development. across. Therefore, COVID-19 has changed the speed of economic growth, but it has not changed the direction of deepening reforms.

2. COVID-19 has changed the organizational form of corporate schools and promoted the further cloudification of business education.

We have all seen that "cloud office", "cloud group construction", "cloud education" and "cloud medical care" provide a big data foundation for economic digitalization, fundamentally changing the way enterprises and consumers use it. Behavior!

3. COVID-19 has changed the government governance model and accelerated the intelligent management of digital cities.

We also see that government governance and community management are rapidly becoming electronic, informatized and digital. The real-time tracking and release of epidemic information and community epidemic control have all been implemented online and digitally. Other cities in Shanghai have also enacted smart management to accelerate digital cities.

4. COVID-19 has changed the proportion of online and offline entities and accelerated the integrated development of the digital economy.

The home economy and the contactless economy have been hotly discussed, and they have indeed happened. We saw which industries were in short supply and which were idle during this quarantine period. Express delivery, takeout, fresh food, e-commerce, etc. all have shortages of manpower. Idle employees were also recruited from other offline industries, resulting in new models and new business formats of "flexible employment" and "employee exclusive benefits", which raised new issues for the new labor relations and labor mobility market in the future. The real economy continues to move from offline to online!

Based on the above four points, driven by 5G and the Internet of Things, the scientific and technological development of the real economy will further accelerate under the catalysis of COVID-19, making the real economy move towards an era of more technology and online and offline integration. . However, how finance can serve the new digital economy requires accelerating the transformation and upgrading of the technology industry.

I have three suggestions: digitization, intelligence, and internationalization of technology and finance.

1. Digitization of technology and finance

Let us focus on the period of great opportunities for open banking after the epidemic, especially mobile banking and microfinance!

2) Microfinance: IDC also predicts that by 2021, 45% of banks will reach long-tail consumers and small and medium-sized enterprises through the use of machine learning, non-traditional data and cooperation with financial technology companies. microenterprise. During the quarantine period of the epidemic, small and medium-sized enterprises suffered the most. After the outbreak of COVID-19, many small and medium-sized enterprises need to resume work and production as soon as possible. However, we also know that small and medium-sized enterprises are facing tight or shortages of cash flow, and the contradiction between difficult and expensive financing will become more obvious due to the epidemic. In this epidemic, the most affected are small and medium-sized enterprises in offline catering, retail, tourism, entertainment and other industries. In rural areas, due to the difficulty of material transportation, the digitalization and electronicization of logistics also need to provide opportunities for upgrading in the logistics field.

On the other hand, consumer finance will have greater development opportunities after the epidemic. We see that due to the slow control of overseas epidemics, exports may basically slow down in the first half of the year and remain weak throughout the year. Consumption is extremely important to stimulate the economy! On the one hand, online consumption scenarios have exploded. As the epidemic worsens, offline traffic has almost disappeared, forcing online traffic channels to gain customers through the explosion of online consumption scenarios. On the other hand, consumer finance technology is becoming increasingly important. During this epidemic, many consumer financial institutions have begun to leverage the power of financial technology to provide users with high-quality and convenient financial service experiences. We have seen that even governments at all levels are issuing electronic consumer vouchers online.

After the epidemic, I believe the entire consumer finance industry will become more aware of the importance of financial technology to the entire industry.

In the post-epidemic era, there will be unmanned supermarkets, unmanned convenience stores, etc. It will accelerate their development and bring greater leap-forward development to the personalized services of the payment industry and online finance!

2. Intelligent technology and finance

Here we focus on two opportunities: smart insurance and smart investment advisory.

2) Robo-investment advisory: Online investment transactions and robo-advisory will also usher in huge development opportunities. How to intelligently introduce incremental funds into the capital market and how to intelligently conduct online transactions and investments will accelerate the ecological development of direct financing in the post-epidemic era and effectively achieve asset risk pricing and market-oriented resource allocation.

3. Internationalization of technology and finance

Under the digital economy trend in the post-epidemic era, China’s online cross-border consumption will further bring huge room for imagination. As the epidemic is brought under control and consumption power picks up, digital cross-border e-commerce and new online consumption formats will emerge and develop more vigorously. This will also drive the integration and construction of the global logistics system!

China’s ultimate digital user experience will also provide practical experience for overseas epidemic prevention and return to work and production after the epidemic! CopyChina's digital economic model and experience copying from China will also be copied overseas. Although affected by the overseas epidemic, domestic epidemic prevention and control and the rapid iteration of the digital economy triggered by the epidemic have once again allowed us to see the huge opportunities of the overseas "China Copy" model and the innovative development space of science and technology finance in the "Belt and Road" region!

New coronavirus pneumonia unexpectedly gave our entire country a slap in the face at the beginning of the Year of the Rat, making the entire country almost "stuffy" at home, but it also brought thinking and reflection, and a lot less restlessness. Much more calm! The temporary pause is to correct the course, set sail better, and start again! The whole world needs "united as one to overcome the difficulties"! Today is the Spring Equinox, and Wuhan and the whole country are welcoming it.

The "double zero" new crown growth is coming! We look forward to the warm days of spring and the turning point in China's fight against the epidemic and the normalization of the resumption of work and production! The ancient Roman philosopher Seneca also said, "We are the waves in the same sea, the leaves on the same tree, and the flowers in the same garden." In this era of a shared future for mankind, we cannot be alone and wish the global war against the epidemic a success! We also believe that only by transforming and upgrading traditional industries such as finance into science and technology, allowing technology and finance to help the real economy recover, leapfrog into a new track of high-quality economic development, and promote the globalization of technology and finance can we avoid the world from sliding into the quagmire of economic recession. ! Related Q&A: Is Zhenrongbao reliable?

Zhenrongbao is still reliable. Zhenrongbao has a complete investment security mechanism, which can provide users with a safer financial management model. At present, the number of registered investors in Zhenrongbao Investment has approached 2 million, with users all over the country. It has received widespread attention from the industry and praise from users. Of course, it also depends on what product you choose. There are fixed-term, demand-paying, and fast-investing products. The income of different products is different. The annualized return of fixed-term is as high as 8.5%; the expected compound annualized return of demand-paying is 5.49 %; the expected annual interest rate of Kuaitou is 5%+, and the income can be doubled at most. Generally speaking, Zhenrongbao's income is relatively stable. Related Q&A: Gold prices plummet! How much is the price of gold per gram in major gold stores on July 1, 2023?

Starting from July 1st, the price of gold suddenly dropped a lot. Many people said in the WeChat group that the price of gold has plummeted and they should hurry up and buy gold jewelry. It is much cheaper to buy at this time, which is a very important time of the year. The time is right.

My wife has wanted to buy an ancient bracelet for a long time. She asked about the price at the beginning of the year. Many well-known gold brands are about 480 yuan per gram, and the lightest bracelet costs more than 20 grams. She It feels a little expensive, and spending more than 10,000 yuan to buy a piece of jewelry is still unacceptable.

When I heard that the price of gold had dropped this time, I quickly went to the mall to see how much gold cost per gram. Is it cheaper than at the beginning of the year?

What is the price of gold on July 1?

When I asked about the gold counter in the supermarket, the salesperson said that the price had dropped, but when I asked, the price started at 500 yuan, among which the Lao Fengxiang brand was 508 yuan per gram, and the Saturday Fu price was 508 yuan per gram. Gram, Chow Tai Fook and Chow Tai Sang are both 507 yuan per gram, and the price of Chinese gold and Laomiao gold is the same 505 yuan per gram.

"Has the price really dropped? Wasn't it 480 yuan per gram on New Year's Day? Why is it so much cheaper now and still costs more than 500 yuan?" My wife was a little confused. Isn't the price cheaper? Why is it more expensive than before?

“It’s really cheap. This time, some brands of gold have dropped by 5 yuan per gram, and some brands have dropped by 2 yuan. This is the first price reduction in the first half of the year!” Sales The staff explained patiently.

"On New Year's Day in 2023, the price of gold was relatively cheap. At that time, it was about 470-480 yuan per gram. The price of gold has been rising in the first half of the year. The price has increased 5.6 times. The price was the highest. In June, some gold brands increased to 530 yuan per gram, so the price this time is really suitable." The salesperson briefly explained the gold price trend.

My wife checked the gold price on her mobile phone. The price of gold in June was indeed not low. On June 6, the gold price reached its peak. The price of Zhou Taisheng brand gold was 530 yuan per gram. The price of gold in Laofengxiang is 520 yuan per gram, while the price of gold in other places such as Laomiao is around 515 yuan.

"Gold is getting more and more expensive. Even if the price is reduced, it is much higher than expected. It seems that I can't buy this gold bracelet," my wife said to me somewhat self-deprecatingly.

Why can the selling price of gold reach more than 500 yuan, but the recycling price is only about 390 yuan?

The recycling price of gold is only 390 yuan, and the gap between the selling price and the recycling price is more than 120 yuan. Why does this phenomenon occur? Why do we buy gold jewelry for 400-500 yuan/gram, but when we take it for recycling, we find that the price is only about 390 yuan/gram? What is the reason? Why can’t we buy gold at 390 yuan per gram?

The recycling price of gold is set based on the market price of gold on that day, and does not include the manual fees, processing fees, brand premiums, etc. when purchasing gold jewelry. And when the gold market falls, the recycling price of gold will also be lower.

The price of gold recycling is lower than the market price of gold. Gold recycling merchants also want to make money, so the higher the selling price, the recycling price is not necessarily too high, and the price difference is getting bigger and bigger. If you buy it personally, you won’t be able to buy cheap gold.