There are 2 ways to interpret digital capital market:“DIGITAL CAPITAL”
market which consists of digital assets,and “DIGITAL”capital market in which financial activities are based on #digitization,according to an inspiring speech by Xiao Gang at 4th #Beijing Global #Fintech Summit
According to Xiao, there are three major functions of a “digital capital market”:
1. To reflect capital market activities such as #trading, registration, and
settlement; and to structuralize data in capital market(e.g. financial reporting&
#prospectus) mp.weixin.qq.com/s/-IMkg8W5LJx7…
2. Improve the operation of capital #market, which concerns improving the inclusiveness of #finance, addressing financial information asymmetry, and reforming outdated financial regulatory measures etc.
3. Empowering the capital market with new #technologies like #ArtificialIntelligence. The application of #AI will help intelligentize decision makings concerning #investments, risk management, and customer services etc. This would be a picture of an advanced #capital #market.
Three key aspects for developing digital capital market:
1. Promoting #data sharing and expanding spending on #technology
2. Financial institutions should adjust internal structures to become more customer-oriented
3. Speeding up the making of relevant #laws and regulations.
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