New financial infrastructure empowers the real economy.

2020 is the year of new infrastructure. In addition to being written into the government work report for the first time, the relevant layouts in various places are also in full swing. New infrastructure, that is, "new infrastructure construction", is the necessary infrastructure for the new economic operation arranged by the state as a whole, focusing on the high-tech strategic layout in the new stage of economic development.

On April 20th, the National Development and Reform Commission defined the scope of new infrastructure, including information infrastructure, integration infrastructure and innovation infrastructure.

New infrastructure is an accelerator for high-quality economic development, and its root lies in "new technology". Among the seven categories of new infrastructure construction, big data and artificial intelligence are particularly interesting. These three technologies, together with the blockchain newly included in the new infrastructure category by the National Development and Reform Commission, constitute the cornerstone of a new generation of information technology system and are also technologies mainly used in the financial field.

Only by integrating science and technology with financial services, solving the chronic diseases that have restricted financial development for a long time, promoting inclusive finance and accurately supporting the real economy can the energy of new financial infrastructure be continuously released. This paper will answer the value of new financial infrastructure through practical cases.

Solve several major problems in the financial industry

Under the overweight of financial technologies such as artificial intelligence, blockchain and big data, financial services have been upgraded to online, real-time, convenient and intelligent, and gradually integrated into every corner of the real economy scene. This means that with the help of new infrastructure, it is expected to solve many problems of traditional finance and serve the real economy more comprehensively, richly, efficiently and accurately.

The new financial infrastructure helps financial resources seamlessly integrate into the real economy scene and solve some problems that are separated from the real economy.

Finance is the blood of the real economy, and serving the real economy is the bounden duty of finance. However, in recent years, with the continuous increase in manufacturing costs and the decline in return on investment, financial resources have not fully flowed to the real sector, which has become a constraint to high-quality development. How can we accurately inject financial resources into the real economy? In the traditional financial industry, it is difficult to solve this problem because of the two skins of finance and entity, and the emergence of new financial infrastructure has broken this dilemma.

With the help of financial technology, we will build a platform for entities such as supply chain, trade and e-commerce, and link transactions in the real economy such as financial institutions, manufacturing enterprises and trade logistics networks, so that financial services can be seamlessly integrated with physical transactions, and traditional supply chain finance and trade financing can be placed on the new smart financial platform, thus ensuring that financial resources can better penetrate into the business scene of the real economy, accurately control the direction of funds, ensure that funds truly support the development of upstream and downstream SMEs in the industry, and help the real economy turn to high-quality development.

Blockchain solves the problem of information asymmetry and the difficulty of trust in SME financing.

Because of its non-tampering, traceability, data security and trust willfulness, blockchain can connect nodes that do not trust each other and realize the transfer of trust mechanism. Therefore, the application of blockchain technology can ensure the authenticity of enterprise information in the chain; Multi-party information sharing through blockchain can break the credit self-certification problem of SMEs caused by traditional information asymmetry, and let the government, financial institutions and partners better understand the credit of SMEs. Through the construction of credit system, more honest and high-quality enterprises will stand out and get better financial services.

By integrating multi-party big data, we will break the data islands of governments, enterprises and financial institutions and build a smart ecology.

The key to the low willingness of financial institutions to lend to small and medium-sized enterprises is the lack of sufficient data, which makes it difficult to comprehensively identify and judge their risks. The new financial infrastructure builds a social credit system through big data technology, integrates data of government, enterprises, financial institutions and third parties, stores and analyzes massive unstructured data, broadens data sources and analysis bases, and covers more data dimensions. After cleaning, mining, analysis and governance, the data can reflect the credit level of enterprises more comprehensively, which is not only widely available and well managed, but also can be cross-compared with the data of all parties, which traditional financial means can not do, greatly reducing the cost of credit information, and finally building a low-cost social credit information system.

Using artificial intelligence and cloud computing can solve the problem of low offline operation efficiency, reduce financial operation costs and better promote services in inclusive finance.

Artificial intelligence is the function of optimizing or replacing human operation in many fields through a large number of machine learning processes on the basis of big data. For a long time, it is difficult for financial institutions to provide customized products and services for small and medium-sized enterprises because of the high cost pressure, low input-output ratio, long process and low efficiency in serving long-tail customers. With the help of artificial intelligence, cloud computing and other technologies, remote account opening, contactless credit granting, intelligent approval and intelligent customer service can be realized. More and more financial services can realize robot intelligent service, reduce the waiting time of customers, reduce the labor cost of financial institutions and improve the average efficiency of society, thus serving more long-tail customers.

Multi-scenario empowerment of the real economy

Under the background of the dense layout of new national infrastructure, financial technology needs to be deeply integrated with social real economy in many fields and scenarios, so as to solve many long-standing problems in social economy, such as lack of credit system construction, financing difficulties for small and medium-sized enterprises, trade financing difficulties, coordinated development of regional economy and so on, so as to promote the high-quality development of real economy. Below, we will explain how the new financial infrastructure can help the real economy through several new infrastructure projects in different regions.

Build a smart credit platform to help build a social credit system.

At present, some local governments have begun to build a comprehensive evaluation model of "credit+big data" supervision. With the help of financial technology, they completed the construction of smart credit model, the calculation and visual display of comprehensive evaluation results of public credit, and optimized and verified the evaluation results by using artificial intelligence technology, and pushed them to the business systems of other government departments to support various departments to use the evaluation results and carry out credit classification supervision.

Build a smart financing platform, integrate multi-party government data, use smart technology to build a portrait of small and medium-sized enterprises, and make secondary matching financing.

At present, some SME financing platforms can lend money every second after using financial technology. In terms of technical process, firstly, big data technology is used to integrate government data resources such as taxation, industry and commerce, water, electricity, coal, etc., and at the same time, blockchain 3D zero knowledge technology is used, which can not only encrypt the data privacy of transaction participants, but also realize data sharing without exposing data privacy, and successfully digitize enterprise operation traces, so that small and medium-sized enterprises can cross-verify data in various ways when financing, and turn their credit certificates into other certificates, thus enhancing fairness and authenticity in financing transactions.

Then use artificial intelligence to mine and analyze business data such as public data, warehousing and logistics, financial performance, product structure, etc., make a multi-dimensional portrait of small and medium-sized enterprises, sort out the relationship network, build a label system, and quantify the credit rating. On this basis, an intelligent matching engine is built to form a "thousand enterprises and thousands of faces" product experience.

In the whole process of lending, such platforms integrate artificial intelligence, cloud computing, big data and other technologies, and make the whole process of credit online through intelligent entry before lending, intelligent approval during lending and intelligent management after lending. Intelligent preliminary screening before lending, and rich data traceability through OCR and image recognition technology; Through intelligent plug-in technology and rich data interfaces in loans, one-click authorization data acquisition is realized; After the loan, the authenticity of the information is verified by correlation diagram, multi-source information comparison and digital watermarking, and the pre-screening of risk control is realized. After all intelligent and online operations, the fraud risk has been alleviated, and the loan timeliness can even reach sub-second level.

Build an intelligent trading platform to help online non-inductive supervision of trade processes.

In the past trade process, enterprises faced the problems of slow customs clearance and difficult loans due to lack of credit, and at the same time, regulators also faced high regulatory costs. At present, some regional ports connect the blockchain cross-border trade network with the core systems of core enterprises and regulatory agencies, ensure the authenticity of the data by winding the source data, ensure traceability and interconnection through the inherent technical attributes of the blockchain, and realize data winding and cross-validation before approval, risk identification during approval, and continue to conduct post-approval audit and corporate credit scoring after approval.

This will not only transmit the logistics clearance information of enterprises to financial institutions in time, but also help customs supervision to achieve non-inductive supervision, improve efficiency and reduce costs. With the help of it, enterprises can realize the integration of customs clearance data and customs clearance process, grasp customs clearance information and audit progress in real time, better match funds and production, and optimize turnover.

Build a smart regional economic platform, run through the whole trade process, and help the integrated development of regional economy.

The construction of regional economic integration is becoming a new strategic measure to promote China's economic development. How to break the regional fragmentation of policy, information, logistics and capital has become a concern of all parties. The blockchain platform for port logistics and trade facilitation that Guangdong-Hong Kong-Macao Greater Bay Area is promoting makes full use of financial technology from three aspects: First, based on blockchain technology, it builds a smart port logistics platform connecting customs, ports, carriers, shippers, freight forwarders, financial institutions and other related parties. Secondly, the platform integrates "information flow, logistics and capital flow" to realize digital integration and enjoyment. In the future, the platform will gradually realize the long-term vision of "precise supervision, intensive logistics, intelligent operation, visual process and universal finance", and greatly improve the overall efficiency and business environment of Greater Bay Area's trade clearance.

Open the blue ocean of the vast market

The new infrastructure layout mainly includes three opportunities:

The first is the construction of a public * * * smart platform promoted by the government. Since 2020, the government work reports of 25 provinces and cities have explicitly mentioned new infrastructure, among which 8 provinces and cities have clearly planned to increase the number of 5G base stations during the year, totaling more than 300,000. Sichuan, Chongqing, Shanxi, Hebei and other provinces and cities have released the annual list of key projects with a total investment of nearly 40 trillion yuan. Shenzhen's "Implementation Opinions on Accelerating the Construction of New Infrastructure (2020-2025)" mentioned that information infrastructure will be deployed in advance, mainly building five communication networks, four types of computing facilities and three digital technology facilities.

Secondly, the new infrastructure will promote the rapid growth of the technology industry. Driven by the new infrastructure, enterprises are scrambling to invest heavily in research and development, which will not only bring abundant capital and technology to the new infrastructure, but also promote the rapid development of science and technology industry.

The new infrastructure construction represented by 5G and artificial intelligence can not only create a large number of investment opportunities and enhance the development momentum in the short to medium term, but also accelerate the landing of intelligent economy and the arrival of intelligent society. According to the consulting report "Panoramic Survey and Investment Strategy Research of Artificial Intelligence Industry in China from 2020 to 2025" issued by Academia Sinica, it is estimated that the artificial intelligence market will reach 238.5 billion yuan in 2025. As a new blockchain market, China is expected to consume 2 billion US dollars in 2023, and the total blockchain expenditure in China in 2065.438+08 will be 654.38 billion US dollars.

Third, the new infrastructure has a huge market for the transformation and upgrading of traditional industries. The important value of science and technology is to combine with traditional industries and promote the transformation and upgrading of traditional industries. Taking financial technology as an example, the 20 19 annual report shows that the total investment in science and technology of six state-owned big banks exceeds 70 billion yuan, among which the investment in science and technology of four big banks, namely Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China and China Construction Bank, has exceeded 10 billion yuan. According to the calculation of Aowei Consulting, the investment in science and technology of financial institutions in China totaled 654.38+05.22 billion yuan in 2065.438+08, which will increase at a compound annual growth rate of 265.438+0.4%, and will reach 400.8 billion yuan in 2023.

At different stages, different grasping hands are needed to promote economic development. At the moment when the new and old kinetic energy of the current economy is changing, the "six stabilities" of stabilizing employment, finance, foreign trade, foreign investment and expectations can no longer be achieved through a simple and extensive economic development model, but the power of science and technology needs to be fully exerted to promote the leap-forward development of science and technology industries with new government infrastructure and promote the transformation and upgrading of traditional industries, thus promoting the high-quality development of China's real economy, in which financial technology can play a very important supporting role.