LI Dongrong，CF40 Executive Council Member and President of National Internet Finance Association of China talked about how digitalization reshapes global finance in #Bundsummit.
According to the National Network Information Office, the scale of China's #digitaleconomy was about 31.3 trillion-yuan last year, accounting for 34% of the total #GDP.
Under the background of building China into a digital and #cyberpower, finance is the core of the modern economy and the blood of the #realeconomy.
Li believed that promoting digital transformation and development is not an option, but a required question as well as an urgent issue.
With increasing cooperation between financial institutions and fintech companies, we are facing rising correlation between financial accounts and data, and more complicated financial risks.
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