Ant Group Jing Xiandong: The Service Direction Of New Finance Must Be Inclusive

On October 25, relevant media learned that at today's 2020 Bund financial summit, Jing Xiandong, chairman of ant group, pointed out that the service direction of new finance must be inclusive.

Jing Xiandong believes that the ultimate goal of today's finance is "finance that can be shared by all", so that everyone can get an equal opportunity and service. In particular, small and micro enterprises, as an important part of the dual cycle new development pattern, are the top priority of financial technology services.

According to reports, at the Bund conference at the end of September this year, ant announced the use of blockchain to solve the trust problem of cross-border trade financing of small and micro enterprises. Transaction parties can carry out a very transparent, real-time seamless connection in the chain, which promotes the global trade of small and micro enterprises. According to Jing Xiandong, new technologies enable small and micro enterprises to become the leading players in globalization.

Jing Xiandong further proposed that only when small and micro enterprises are digitalized, can the era of real digital economy come. It is not to say that our globalization can be called globalization only when the digitalization of science and technology enterprises or large institutions have capital and technological strength. The globalization that everyone participates in, everyone is the main force of globalization, is the arrival of digital economy era.

At the end of his speech, Jing Xiandong said that science and technology driven, focusing on inclusive, open cooperation are not only the key words to sum up over the past 10 years, but also the three deterministic trends that will flourish after the epidemic. We will adhere to the drive of science and technology and serve every small and micro enterprise and the general public.

According to relevant media, Jing Xiandong said in an open letter to investors a few days ago that ant group is not a financial institution or a mobile payment company, but a technology company determined to use today's technology and resources to help banks and financial institutions better serve every consumer and every small and micro enterprise.

Jing Xiandong also said in the open letter that we firmly believe in the future of digital inclusive. Ant wants to expand the incremental market serving small and micro enterprises and long tail users, and choose to make a bigger cake together with its partners, rather than zero sum game share stock cake.